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Old 02-14-2011, 10:52 AM
 
20,308 posts, read 37,797,930 times
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I know of a model home, by an excellent builder, that sold for $550k in 2006, went into foreclosure, sold for $375k in Sep 2010.
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Old 02-14-2011, 11:15 AM
 
Location: N. Colorado
345 posts, read 758,339 times
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Quote:
Originally Posted by CAVA1990 View Post
So where are you moving to?

Back East, I miss trees, the ocean, friends and some family
It is also easier to farm back there, no huge water worries and not have to buy so much stinking hay! Moving us all including 25 plus animals now that will be some fun, lol.

Mike that is sad. The house we owned in Thornton before we moved here was foreclosed upon and I saw the condition he left my old yard in I wanted to cry. Weeds 6 feet tall, torn out cabinets left on the sidewalk.
People I know up here had their house on the market for 2 years, right on the highway, old house, needs work, etc, not a good location at all in my opinion and they just left it bought a house outright in another state and this house is just sitting there empty for over a year now.

Maybe I will auction it off
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Old 02-14-2011, 01:54 PM
 
12,842 posts, read 24,478,691 times
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When people say they lost money because they sold the house for less than purchase, or for the same amount along with upgrades, and so on, I do think, you'd have to pay for housing one way or the other. If you lived in a house for years (and presumably were happy with it) and made payments, that counts as coming out ahead. After all, you'd have paid for someplace to live one way or the other, right?
I am not currently planning to sell my house, but if I had to, I'd certainly need to look at it the above way! But then, I haven't seen my owned property as a way to increase my money. I bought places to live in or to daydream about living in, and sold when it was necessary. Lost some, made some. I never saw it as a never-ending upward climb (or jet shot)
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