Checking out home prices online....The small home we reluctantly sold in January 2007 is now worth $200,000+ less than the price we sold it for.
I would almost feel sorry for the current owners except that they were quite arrogant and would make condescending comments to us when we were dealing with them. Of course, we were polite and kept our mouths shut, and we accepted their lowball offer. They thought they were getting quite a steal (and so did we at the time).
It was a depressing time for us. We moved to an even smaller rental. But with all the medical bills we had and less work available, it was the right decision. We had no idea just how right it would be. We had made a good profit (from riding the bubble), paid off the medical and other bills, and have a comfortable nest egg/emergency fund left over.
I'm happy to be a renter now. As that was the second home we had owned and sold, I am at the point now where I wonder if I ever want to buy again. It's still cheaper to rent here than buy. But I'm keeping an eye on the home prices anyway. It would have to be an extremely good deal to convince me to buy again.
Sure Glad We Sold When We Did
November 19th, 2009 at 06:48 pm
November 19th, 2009 at 07:26 pm 1258658810
Mean people suck.
November 19th, 2009 at 08:18 pm 1258661914
If it helps any, perhaps in another year or two those underwater knife catchers will have to sell to an even meaner, more arrogant vulture.
At least you figure that you are sleeping at night, and they probably aren't.
November 19th, 2009 at 09:08 pm 1258664934
November 20th, 2009 at 03:29 am 1258687780
November 20th, 2009 at 02:51 pm 1258728664
November 28th, 2009 at 12:43 am 1259369038
Jerry
November 29th, 2009 at 10:34 pm 1259534053