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how is the economy effecting you?

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Dartful Dodger:

--- Quote from: HarumaN on August 10, 2010, 01:21:05 pm ---Is finding a renter an option?

Might allow you to keep the place until the housing market gets better... 

--- End quote ---

I bought the house for 200 grand less than what it's worth, not what it was worth before the housing collapse, but for what I can actually sell it for right now.

I thought about renting the condo, but between idiot renters destroying the place and not being able to cover the mortgage and the association fees with the rent it痴 not a pleasant option.

I値l be out 40 grand if I walk away from the condo, but I知 up 200 grand with the house.

If the lawyer says I知 screwed I値l probably rent it until I can sell it clean.

Dartful Dodger:
I may have spoken to soon.

For 2 months my realtor has been telling me to talk to a lawyer about a short sale or foreclosure, because I wouldn't be able to sell my place for more than I owe on it. He痴 the one who sold me the other house, and it was a great deal so I trust him. This weekend I decided it wouldn't hurt to talk to the lawyer.

To make sure I had all the facts about my complex I checked the listings again.  The two short sales that were driving down the prices are now gone. The lowest place for sale now is about 19 grand more than I owe on my place(10 grand less than what I知 currently at).

Hopefully those POSs are no longer on the market so future buyers won't be distracted and I might actually be able to unload this thing without destroying my credit and with an extra grand or two. 

I sent my realtor an email to ask him what's going on.

divemaster127:
Until our government(US) follows Englands example, things are not going to get better, our spend happy government both Republicans & democrats are spending like its going out of style.  I do supply for the military I will never forget I had to process a order of 42" plasmas for prisoners at Git mo but our Va's cannot afford old 20" style TVs.  My job is very secure do to the government always spends no matter what but we did get our retirement yanked.  My wife owns her own Salon & she stays busy.  The Arcade business is way down not much profit there anyway.  Cinemark approached me to run 1 of there gamerooms so that's nice extra money.
dm

shateredsoul:

--- Quote from: ark_ader on August 08, 2010, 09:02:24 am ---It is effecting me in a positive way.

There is a lot more cheap labor out there.

Why pay anyone $15 an hour when you can get people for $6.50.

Let's hope it stays this way for a while.   :applaud:

Happy days.

--- End quote ---

self centered

WhereEaglesDare:

--- Quote from: shateredsoul on August 10, 2010, 03:40:12 pm ---
--- Quote from: ark_ader on August 08, 2010, 09:02:24 am ---It is effecting me in a positive way.

There is a lot more cheap labor out there.

Why pay anyone $15 an hour when you can get people for $6.50.

Let's hope it stays this way for a while.   :applaud:

Happy days.

--- End quote ---

self centered

--- End quote ---
How is that self-centered?

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