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My wife and I live ‘an average life’ in the Bay Area making $320K. Last year, we bought a house for $200K over asking — now we don’t want to live in it. Should we get professional help?
MarketWatch ^
| 02/18/2023
| Alisa Wolfson
Posted on 02/18/2023 7:22:50 AM PST by SaxxonWoods
click here to read article
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California real estate genius at work.
To: SaxxonWoods
You needed the “professional help” last year, before you bought into a hellhole.
2
posted on
02/18/2023 7:24:30 AM PST
by
JimRed
(TERM LIMITS, NOW! Militia to the border! TRUTH is the new HATE SPEECH.)
To: SaxxonWoods
3
posted on
02/18/2023 7:26:25 AM PST
by
blackdog
((Z28.310) Forget "Global Warming", new grants are for "Galaxy Dimming")
To: JimRed
As long as you’re working, it’s great, but if you get laid off because of the federal reserve, you could lose all your equity so it probably would be wise to unwind if you don’t take a big. But then again, where are you going to move to. If you’re paying rent, it’s probably worse than paying your house payment.
4
posted on
02/18/2023 7:26:34 AM PST
by
ncfool
(TRUMP SHOULD BE THE KING MAKER IN 2024 AND NOT THE KING. -- Desantis 2024)
To: SaxxonWoods
5
posted on
02/18/2023 7:26:56 AM PST
by
Vaduz
(LAWYERS )
To: SaxxonWoods
Normally I would say pack up and move the hell out of California.
But by the sounds of these nitwits, I don’t think they should infect another state...
6
posted on
02/18/2023 7:27:04 AM PST
by
Magnatron
To: JimRed
Some people are destined to make bad financial decisions and ultimately live in poverty.
The humane thing to do is stay out of their way!
7
posted on
02/18/2023 7:27:57 AM PST
by
cgbg
(Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
To: SaxxonWoods
Whoever’s paying you that much money should fire you because you’re obviously a dunce.
8
posted on
02/18/2023 7:28:34 AM PST
by
P.O.E.
(Pray for America.)
To: SaxxonWoods
I meant the guy in the article, not you
9
posted on
02/18/2023 7:29:18 AM PST
by
P.O.E.
(Pray for America.)
To: SaxxonWoods
“....making about $320,000 combined yearly...”
The combined salary of my wife and I has never exceeded 100K/yr yet I am now a millionaire.
Idiots and their money are soon parted.
To: SaxxonWoods
Closed on the over-bid house, then went on vacation. Came back from vacay with buyers remorse. Too bad, so sad.
btw--the Market Watch Dear Abby columns are a hoot.
11
posted on
02/18/2023 7:29:55 AM PST
by
NautiNurse
(There was a 2022 mid-term Red Wave...in Florida! )
To: P.O.E.
12
posted on
02/18/2023 7:33:05 AM PST
by
SaxxonWoods
(The only way to secure your own future is to create it yourself. 111 is the key.)
To: All
No, you don’t need help. You’re doing a great job! As a matter of fact, I have a unique opportunity that is perfect for you. Why not get in on the ground floor?
Don’t let this slip past you - act NOW!
13
posted on
02/18/2023 7:34:16 AM PST
by
rockrr
( Everything is different now...)
To: NautiNurse
“btw—the Market Watch Dear Abby columns are a hoot.”
They are indeed!
14
posted on
02/18/2023 7:34:57 AM PST
by
SaxxonWoods
(The only way to secure your own future is to create it yourself. 111 is the key.)
To: SaxxonWoods
I was a victim of FOMO during the housing market craziness and bought a house for $200,000 over the asking price.Okay, somebody has to ask: What is "FOMO?"
To: SaxxonWoods
And we wonder why California is such a mess and Democrats rule it with an iron fist! Most of the people in the state are really this dumb!!!
16
posted on
02/18/2023 7:35:48 AM PST
by
dowcaet
To: SaxxonWoods
Many poor decisions led him to this situation
- Bought house far from job location
- Bought house far from friends
- Overpaid for property
- Raising family in Bay Area
- Unplanned role as a landlord
- $320k is not a large income for this area.
- This guy will take a bath if the renters stop paying or leave.
To: NautiNurse
“btw—the Market Watch Dear Abby columns are a hoot.”
But it’s become another liberal rag.
18
posted on
02/18/2023 7:36:21 AM PST
by
aquila48
(Do not let them make you "care" ! Guilting you is how thery control you. )
To: GreenHornet
FOMO = Fear of missing out
Think "peer pressure"
To: SaxxonWoods
If they bought the house for $200k OVER asking, I can only imagine what the price of the house was. You’re just asking for financial trouble doing this and expecting prices to only go up. They gambled and lost. It’s astonishing that $320k/yr is only able to ‘get you by’ in CA.
20
posted on
02/18/2023 7:37:01 AM PST
by
fuzzylogic
(welfare state = sharing of poor moral choices among everybody)
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