1o years ago today, on 12-14-01, I purchased my very first home. It was a new construction, half of a twin-home in a townhouse association. The cookie-cutter type. I was young and stupid and wanted more than anything to be a homeowner.
I can’t tell you how many times I have regretted this decision.
I do not love my house and have wanted to move for many years. Unfortunately I didn’t make the big move when the time was right and now I am stuck in a house with an upside-down mortgage.
In the past few years everyone has lost value in their homes but my neighborhood is even worse. There have been a massive amount of foreclosures, bringing the value of everyone’s homes down even further. Anyone who wants out just decides to short-sale their home, which only makes things worse for everyone else.
I received word the other day that one of the neighbors is selling their home for less than half what they paid for it 10 years ago. It makes me absolutely sick.
So today I am not celebrating the big move I made, but rather I am cursing it.
The only good thing to come out of living there is the fact that we have the best neighbors on the other side of our twin home. They are bffs and like family to us.
Every day I keep praying I win the lottery because I want out!!!!
******************************************************
In the past on this date I have blogged about:
- On 12-15-10: Read Biggest Snow Storm in 20 Years = 2 “Snow Days” from School (12-15-10)
- On 12-14-07: Read No worries….. (12-14-07)
- On 12-14-06: Read Hey Animal lovers! (12-14-06)
- On 12-14-05: Read 4 years has flown by….. (12-14-05)
Aw, that sucks. :( The only positive thing I can say is that I know you’ve had great times with your neighbors so while in hindsight you wouldn’t have moved there but be thankful for having the chance to meet them and the relationships you’ve established. Is that enough of a positive spin for ya? :)
Dana Leigh recently posted..The Nook
Like or Dislike:
0 
0
The market is horrible. I am sorry you are stuck in such a bind. I don’t think that anyone would have thought ten years ago though, it would have been like this. I am glad to hear you have good neighbors. :)
Leslie Collins recently posted..20 Question Christmas Survey
Like or Dislike:
0 
0
That is so ridiculously sad and it makes me so sad for you! I can’t imagine feeling so stuck like that =-(
Like or Dislike:
0 
0
One good thing about all the foreclosures is maybe you will get a bunch of new neighbors and the value will go up. I know how it feels to be stuck in house that you owe more on and want to move. That was my North Minneapolis house. I regret that purchase more then anything.
Like or Dislike:
0 
0
Twitter: beerandpie
(184 comments) says:
Yikes! I hope the housing market recovers soon!
Hope recently posted..Wendell Smith and the Integration of Baseball
Like or Dislike:
0 
0
I know how you feel. I do have the ability to move now, but I am glad my ex got the house and the upside down mortgage.
Like or Dislike:
0 
0