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Sure Glad We Sold When We Did

November 19th, 2009 at 10:48 am

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.

7 Responses to “Sure Glad We Sold When We Did”

  1. Broken Arrow Says:

    Alright! Glad you dodged the housing bullet.

    Mean people suck.

  2. baselle Says:

    Mean people do suck.

    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.

  3. miz pat Says:

    I'm glad you did get and wish you well in future.

  4. cptacek Says:

    I dodged a bullet when I sold my house...it was about 3 weeks before the housing market crashed!

  5. Petunia Says:

    Wow! It's interesting how decisions that were difficult at the time can turn out to have such great results as time goes by.

  6. Jerry Says:

    Your story leads me to side with BA on the sentiments about mean people. I won't say that they got what they deserved for being jerks, but I might think it! Smile The important thing is that you are in a good place, and happy where you are renting. We did not sell our place before moving overseas for a few years, but have been able to have some insurance that we can keep it rented, so that makes a difference.
    Jerry

  7. LuxLiving Says:

    Great that you got out in time!

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