Tuesday, October 8, 2013

Debtor's Prison


The house is still on the market but interest has waned considerably since the onset of early winter. “Waned” isn't entirely accurate; more like there seems to be NO interest whatsoever from people. I'm not sure when we had the last showing but it's been a long damn time to be sure. Our listing expires in December so I figure we'll let it lapse and re-list in the spring. We may have to drop the price. It's somewhat painful selling a house that I have substantially improved and made payments on for 7 years, for less than what I paid for it. Is the American Dream dead? It is in me. The big house, the picket fence, the security of home ownership and rising values; it was all a lie. By now I figured I would have $40-50,000 in equity. I'll be lucky if that's all I lose.... I'll be more careful in the future with what I put my energies towards...

3 comments:

  1. I know the feeling, sort of. I'm divorced now but when I split with my ex, I literally walked away from the house. We had bought it and out lots of money into it (a lot for us anyway), and if we had sold it at the time of our split, we would have both owed money on it. It was so discouraging. Luckily my ex just took it over on his own. But as they say in both our situations, hindsight is better than 20-20.

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    Replies
    1. The game has changed, no doubt. It's time to look at the world with a new pair of glasses.

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