Reply to If you bought 2005-2007 and got hit, tell me your story, location and age

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[quote=Anonymous]Bought a house in NC in early 2007.  We were in our mid-20s. At the time, everyone we talked to and the entire way we were raised was to get into the housing market as early as we could. We saved pennies to have a solid downpayment, made smart choices, etc.  Did all the "right" things. We had to move for a job relocation late 2011.  Sold for about 40k less than we bought.  Basically lost our entire equity/original down payment, plus all the $$ we used to slowly fix it up.  We felt pretty fortunate that it wasn't worse., but it was tough to essentially start over financially.

Were able to buy in DC in 2015.  Have essentially assumed since that (1) our house/equity is not part of our financial picture/net worth and (2) we will somehow get screwed and sell for a loss if/when the time comes. I will never think of a house as an "investment" again and I will always assume the financial "worst" will happen. Essentially, it made me extremely conservative in this regard.[/quote]

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