By: Larry

Larry — Thu, 30 Apr 2009 20:59:07 +0000

I can simpathize with all these folks who are upside down,so am I. My townhouse seemed at the top to be a good buy and thinking like all realtor (I was) that it would continue up with a 2 year loan ready to refi when it came due. Hard time hit me and now on active duty. Not the same when money flowed through the streets and could live it.
Now nearing retirement age find myself completely wiped out, therefore decided to forgo our home to put money in the bank. At first when contact my lender they said no, now they want to talk but make no effert to modify my loan. Have to give back the home and rent. Have to look out for myself, be able to buy food and survive for better days.
I believe that if American’s who are in trouble like this gave back their home and rented. They would be able to prepare for better days and after the mess the country is in we will all recover. The one’s that I have seen stick it out to the end, to the last dime are only fooling themselves having to lick their wounds with nothing to show for it.
Home prices, like wages and rent all have to have a formula that is livable without the greed it took us to get here.

Comments on: The Money is Just Gone – Housing Prices Aren’t Ever Coming Back

By: Larry