Quote:
Originally Posted by ConeyIsBabe
What you say is TRUE..... but I just can't get over the fact that I purchased my Oregon Dream Home for $cash$ and now the market value is $100k less than my investment  How many people would take that loss ? Money vs. Lifestyle ......... I'd like to say I would choose lifestyle but then again ~ the option is alive but not now. |
If you are like us you sunk allot if not all of your retirement money in the house. The Pacific Northwest housing market was booming for so long we thought what better investment could there be. Minus a few short slumps, the market went up steady from 1990 till 2001. I am hoping this is just a longer repeat of the 2001 - 2002 slump. Hubby lost job so had to move to GA for work in 2002 sold house for 525 rehired and moved back to Seattle in 2006 the house we had sold for 525 was on the market for 790. Sunk all our $ in another fixer and boom
. I have to believe it will rebound even if slowly. The non metro areas seem to be coming back slower, but the pristine beauty of the pacific northwest outlying areas is still a real draw and I have to have faith the value of your place will come back.