Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Real Estate
Reply to "Anybody else extremely depressed over real estate?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]I'm a second-time buyer and I am depressed too. Current home is a condo, has not appreciated much but everything else has, and our equity will not make up the gap. We thought we were being practical buying a condo as first-time buyers because it was well within our budget and close in, which has saved us a lot of money on commuting over the years. And we have saved the difference in what we might have paid for a house if that's what we'd bought. But neither our appreciation nor our savings (nor our incomes) can keep up with the appreciation in houses over the last 7/8 years. We either have to accept that we're raising kids in a small condo with bad IB schools, or make the big jump to a lower COL area. I guess it's better to have these two options than no options, but it's still disappointing. Especially when peers who only spent maybe 50-80k more (back when borrowing money was cheaper than it is now) are sitting on way more appreciation and have way more options. Our mistake was underbuying and being overly conservative about debt. It's a tough thing to reconcile.[/quote] Don’t beat yourself up pp. Hindsight is 20/20. If you’d overbought and then you or spouse lost your job or experienced some financial crisis you’d have major regrets then too. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics