Posted on 02/18/2023 7:22:50 AM PST by SaxxonWoods
Question: I was a victim of FOMO during the housing market craziness and bought a house for $200,000 over the asking price. Now house prices are coming back to reality, and I feel like I lost my hard-earned money. I don’t know what to do as I am living with constant stress thinking that I made a big financial mistake, and I’m not sure if I should consult a financing adviser for better decision-making and long-term investment planning.
My wife and I are in our 30s and are working in the Bay Area and making about $320,000 combined yearly. We live an average life and watch every dollar that we spend.
(Excerpt) Read more at marketwatch.com ...
You needed the “professional help” last year, before you bought into a hellhole.
Mental help.
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.
Got fire insurance?.
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...
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!
Whoever’s paying you that much money should fire you because you’re obviously a dunce.
I meant the guy in the article, not you
“....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.
btw--the Market Watch Dear Abby columns are a hoot.
Heh, yeah I know..
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!
“btw—the Market Watch Dear Abby columns are a hoot.”
They are indeed!
Okay, somebody has to ask: What is "FOMO?"
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!!!
“btw—the Market Watch Dear Abby columns are a hoot.”
But it’s become another liberal rag.
Think "peer pressure"
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.
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