10th in the nation for foreclosures

[Chickrae]

Originally Posted by VC dreamer

OMG!!! I so fell in love with Loveland! We spent 4 days there checking everything out, and I just love the feel of the place. Plus it's so close to Estes Park.....
We're gonna go back for Thanksgiving and spend a week, look into more houses and see how much snow they have. I have to live where's there's snow...that's mandatory...lol.

I love the snow too. I miss it here. Estes Park is awesome. When I was little all our family vacations were there. Hey check out the "north pole" too when you are there.....great place to take kids. Colorado is beautiful. I am partial to the skiing in Utah however.....gotta love that powder!!

[Chickrae]

Originally Posted by stycotl

my wife and i just bought a project house. ok, i say just bought, cuz we still haven't moved in yet, even though it was in april that we officially became the owners. we are getting close to being done with the remodeling, and have put a lot of money and time into fixing it up, but we have done most of it ourselves.

we also saved up a hefty down payment as well, and are paying well over the minimum every month. we have the goal to stay for +/- 5 years and then to sell at a profit. we may have to live there a little longer now in order to be able to sell at a profit and afford a new house, since i am imagining that this ridiculous economy will take a while to re-regulate itself.

but i am not in any present danger of losing my house, and i am confident that i can make payments and still live a decently comfortable life here, despite the current chaos.

all it takes is a bit of planning, some responsibility, and the realization that living within your means not only keeps you more secure in every sense you can think of, but also happier and less stressed. and then you don't have to worry about people claiming that your financial ruin is because you were trying to keep up with the jones.

aaron out.

Thats great.........sounds like you are on the right track. Yes living within your means it a motto everyone should have and the problems wouldnt be happening right now in the real estate.

[VC dreamer]

Originally Posted by stycotl

my wife and i just bought a project house. ok, i say just bought, cuz we still haven't moved in yet, even though it was in april that we officially became the owners. we are getting close to being done with the remodeling, and have put a lot of money and time into fixing it up, but we have done most of it ourselves.

we also saved up a hefty down payment as well, and are paying well over the minimum every month. we have the goal to stay for +/- 5 years and then to sell at a profit. we may have to live there a little longer now in order to be able to sell at a profit and afford a new house, since i am imagining that this ridiculous economy will take a while to re-regulate itself.

but i am not in any present danger of losing my house, and i am confident that i can make payments and still live a decently comfortable life here, despite the current chaos.

all it takes is a bit of planning, some responsibility, and the realization that living within your means not only keeps you more secure in every sense you can think of, but also happier and less stressed. and then you don't have to worry about people claiming that your financial ruin is because you were trying to keep up with the jones.

aaron out.

Wow! I applaud yor accomplishment, and your forethought. Good for you!!!!

This mortage mess, is a nightmare for a lot of people. And I know that a couple of years ago when all the "creative financing" was going on, that it really was a godsend to some people who would have never been able to afford their own home.

They were optomistic and were hoping for the best.....how sad for them now.
I know some were trying to get their foot in the door and then re-fi to a fixed after a year or so.....
.......not everyone was trying to keep up with the joneses....

and then you have the mortgage companies and banks who were really pushing these ARMs, and the equity lines of credit...etc.....instilling a sense of security that the rates wouldn't change......
I'm anxious to see the results of all this.....

[VC dreamer]

Originally Posted by Chickrae

I love the snow too. I miss it here. Estes Park is awesome. When I was little all our family vacations were there. Hey check out the "north pole" too when you are there.....great place to take kids. Colorado is beautiful. I am partial to the skiing in Utah however.....gotta love that powder!!

Maybe when I learn to ski, I'll come back to Utah to do so.....but I doubt it...lol.
I just got some new listings on houses up there today, and there's one that I'm dying to go see....it's georgeous! I think the smart thing to do, would be to buy now, while the houses are still so low, and then maybe just let a prop. mgmt. company keep an eye on it for us.....

[Chickrae]

Originally Posted by VC dreamer

Maybe when I learn to ski, I'll come back to Utah to do so.....but I doubt it...lol.
I just got some new listings on houses up there today, and there's one that I'm dying to go see....it's georgeous! I think the smart thing to do, would be to buy now, while the houses are still so low, and then maybe just let a prop. mgmt. company keep an eye on it for us.....

Very smart to buy now....thats what we are going to do if we ever get one of our "short sale" offers to go through.

Winter Park is my favorite ski area in Colorado. Of course I haven't been to many.