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Old 12-03-2009, 05:50 PM  
Hoover Hoover is offline
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Sold My House
Well we sold our home today. Its been on and off the market from almost three years. It has been a painful experience and we finally opted to sell it for less than we bought it five years ago.

Anyway, its kind of like we are starting over as property owners. We are going to sit and wait to see what the market does before we take on a huge amount of debt again. I have a feeling its going to be pretty bad after the holidays.

Anyway, glad to be done with it, glad to get rid of a huge commute for my wife, and glad to finally be moving on with our lives.

Hoov
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Old 12-03-2009, 05:53 PM   #2
mlyonsd mlyonsd is offline
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Good for you. With interest rates where they are don't wait too long.
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Old 12-03-2009, 05:54 PM   #3
Mr. Kotter Mr. Kotter is offline
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Congrats. Good luck on the new chapter of your lives...
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Old 12-03-2009, 05:55 PM   #4
aturnis aturnis is offline
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Congratulations! Cheers to you and your wife!
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Old 12-03-2009, 05:57 PM   #5
bevischief bevischief is offline
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VARSITY
Hope the next one is better one.
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Old 12-03-2009, 05:59 PM   #6
Cjanz Cjanz is offline
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Good for you. With interest rates where they are don't wait too long.
Correct. Rising interest rates are liable to doom economic recovery, and with the slow progression that we've managed to develop there's a good chance we'll be walking backwards very soon. You're looking at a larger threat to budget deficit, which in turn is simply going to exacerbate any further downturn.

Obviously, congratulations on your sell, but as much as it is an imperative to be cautious with your decisions, it's just as important to be aware of what these ridiculous interest rates could actually cause; not just for home-buyers alone but for every citizen struggling with a mortgage. Good luck!
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Old 12-03-2009, 06:06 PM   #7
LaChapelle LaChapelle is offline
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If you kept the garage closed
where your sofa was hanging out
it would have sold quicker
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Old 12-03-2009, 06:13 PM   #8
sparkky sparkky is offline
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congrats
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Old 12-03-2009, 06:20 PM   #9
Iowanian Iowanian is offline
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Now that you're a celebrity, you're moving to the Big house....aren't you.
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Old 12-03-2009, 06:44 PM   #10
MahiMike MahiMike is offline
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Great. Now get out there and buy another one while they're cheap. Look at REO's. Make 100 offers at 50%. You'll get one accepted and make your money back.
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Old 12-03-2009, 06:48 PM   #11
cdcox cdcox is offline
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Glad you got rid of it if that's what you want. Those were cool digs, though.
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Old 12-03-2009, 07:04 PM   #12
Mr. Plow Mr. Plow is offline
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Don't wait too long - $6,500 tax credit if you buy before April 30th. We are in the process of TRYING to sell our house.
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Old 12-03-2009, 07:10 PM   #13
Hog's Gone Fishin Hog's Gone Fishin is offline
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What a dumbasss !!! Rent that sucker out and buy the next!
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Old 12-03-2009, 07:14 PM   #14
BWillie BWillie is offline
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On your next house, make sure you pay at least 25% extra on your mortgage so you won't get assfucked on interest. Even if you lose money in your house - you'll gain equity soo much faster on a 30 year loan even w/ interest rates low right now. By paying 70% more each month directly to principal I am set to own my house in seven years instead of 30. Even if you pay like 25% more each month I think it'll cut your 30 year loan into like 11-12.

Over the long run I'll save $40,000, and I only have a 4.75% interest rate.
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Old 12-03-2009, 08:26 PM   #15
Over-Head Over-Head is offline
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I only have a 4.75% interest rate.
2.93%
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