Housing market is very sick....

[DawnW]

Only a bargain if they can sell their existing house!

Dawn

Originally Posted by anifani821

Well, not surprising. Certainly what you and I were expecting to see, Jack . . .

I am hoping that retirees - still a segment of the population who often have defined benefits and pensions that were not affected by the market decline - will decide this is an excellent time to head our way and buy up existing inventory. Great bargains on housing in wonderful neighborhoods . . .

Sellers are just going to have to get right w/ the universe and accept that they must price their houses accordingly or expect to hold on to them for another year. That is a difficult situation for someone who has been transferred to another location - or for someone who has lost his/her job and needs to unload real estate. No easy answers.

[brokensky]

Originally Posted by DawnW

Only a bargain if they can sell their existing house!

Dawn

VERY TRUE!!!! And for most of us . . . now would definitely not be an optimal time to have to face selling our homes.

[DawnW]

I would like to sell our home next year. I really don't think it will happen now.

We are also taking a hard look at the renovations/remodeling we had planned to do and are scaling back quite a bit. I just don't think we will get our money out of all of it. Some of it we will, but we are going to let other things go.

Dawn

[zwally]

Thank you very much Ani! That means a lot! :-)

[brokensky]

Originally Posted by zwally

Thank you very much Ani! That means a lot! :-)

I hope you find much enjoyment in owning your home. As others have said - it is your HOME!!!! I need to have a home (own a home) to feel secure. That is just me. Plus, I like living in a contained separate space, not an apartment. So for some of us, a home is our haven. I love decorating, so my house is more than just a house - it is the place where I create my own little world.