Real Estate market is plummeting
With closing costs rolled into my mortgage and a garage added on to the original price my mortgage total came to 87,000 dollars. This was in December of 2005.
I think I would be very lucky to get 79,000 for my home now, and I would have to pay a realtor on top of that.
This is going on across the country, and if you look at http://www.realtor.com/ you will be shocked to see that your house is now worth about 10-20% less then what you bought it for based on what other homes are selling for in your area.
I guess I can always rent my condo out next year when I get married and want a larger house but that really is a huge hassle.
Owning a condo has went from being a source of pride to an albatross I can't get rid of without taking a huge financial loss.
My condo is 894 sq feet and has a garage... It appraises for about 88,000 but no one will but it at that price. I think its only going to get worse.
I think I would be very lucky to get 79,000 for my home now, and I would have to pay a realtor on top of that.
This is going on across the country, and if you look at http://www.realtor.com/ you will be shocked to see that your house is now worth about 10-20% less then what you bought it for based on what other homes are selling for in your area.
I guess I can always rent my condo out next year when I get married and want a larger house but that really is a huge hassle.
Owning a condo has went from being a source of pride to an albatross I can't get rid of without taking a huge financial loss.
My condo is 894 sq feet and has a garage... It appraises for about 88,000 but no one will but it at that price. I think its only going to get worse.