As someone who sold a house at a loss, I couldn't help but chime in. Luckily, it was a very affordable house & I only had to pay a few grand out of pocket for the loss.
Of course, I would have preferred not doing that(!) although I am happy, in today's environment, to be renting instead of owning.
“Of course, I would have preferred not doing that(!) although I am happy, in today’s environment, to be renting instead of owning.”
Anytime you have to ‘pay out’ to close a mortgage has got to be somewhat painful.
As it stands right now, I’m still able to make my payments (but just barely).
I haven’t had a raise in the past few years.
I basically agreed not to take one to be able to keep working and help the company from going under.
As it stands, things are ‘tight’,but hopefully, after November, things will pickup up and give me some breathing room.
My mortgage is low enough that renting, for me, would not be an option.
I wouldn’t be able to find an apartment for the price I pay for my house and I’m in a ‘low tax’ district, which helps too.