Re: Real Estate Prices with excess supply
Az2FL - I am PAINFULLY aware of the realestate market today! I am selling my "big" house in NY right now. It's been on the market since May and I have adjusted the price down a number of times. I've been looking at the interest being paid for both a 1st and 2nd mort and cannot wait for them to be gone! I could buy a new golf cart every other month with the money I'll be saving!!! ;D
When the house was appreciating every month I didn't mind. At the end of the year I could compare the gain with the expenses and see I was ahead. Now it's like I'm burning the money every month. It hurts.
I have a lot of emotional attachment to my house in NY - been there 24 years and raised 3 children - lot's of memories, But I am not letting that get in the way now. And I don't plan on selling the house in TV anytime soon so it'll all work out in the end!
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