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Old 12-03-2009, 05:50 PM   Topic Starter
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.

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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, 05:59 PM   #3
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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, 09:12 PM   #4
Ralphy Boy Ralphy Boy is offline
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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!
you talk fancy.
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Old 12-03-2009, 10:26 PM   #5
BigRedChief BigRedChief is offline
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Good for you. With interest rates where they are don't wait too long.
I heard on the news that mortgage rates have hit an all time low.
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Old 12-04-2009, 09:12 AM   #6
Radar Chief Radar Chief is offline
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Good for you. With interest rates where they are don't wait too long.
Agreed but it’s certainly a gamble to buy a house right now, at least that’s what I told Mrs. Radar when we were looking at the house we bought last summer.
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Old 12-03-2009, 05:54 PM   #7
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   #8
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   #9
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Old 12-03-2009, 06:06 PM   #10
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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   #11
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Old 12-03-2009, 06:20 PM   #12
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Old 12-03-2009, 06:44 PM   #13
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   #14
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Old 12-03-2009, 07:04 PM   #15
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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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