Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > North Carolina > Western North Carolina
 [Register]
Western North Carolina The Mountain Region including Asheville
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 10-15-2007, 07:54 PM
 
Location: NC close to the MTs and near the lakes.
2,766 posts, read 5,519,873 times
Reputation: 967

Advertisements

Quote:
Originally Posted by Researching Retirement View Post
Lorriem,

Banks wanting people to think they could handle more than they should have is what caused the housing bubble / sub-prime situation the market is currently experiencing. Obviously everyone's situation is unique and in some cases it might be the right thing to do. My only comment is that in the current market, having 2 mortgages and betting on the sale coming soon enough is a pretty risky proposition. Especially if your existing home is in one of the bubble markets where housing inventory is really high.

Good luck with whatever you decide and in getting your realtor situation sorted out.

On paper we could handle both since our mortgage is low in FL and it would also be low in NC if we don't go crazy picking the right house.That is why we nixed the idea of renting in NC until our home sold the rent would be twice as much as we are paying now.It just would be nice to sell this house first. We could always rent it out also. That is what our neighbor has done and the management Co he is using has done a great job in finding the right renter for him. Just got home from NC and the ride seems to be getting longer and longer.
Reply With Quote Quick reply to this message

Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > North Carolina > Western North Carolina
Similar Threads

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top