Housing Market Woes
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting Suncoast Scribe!
The news about putting our house on the market is not looking good. The housing market is not doing well anywhere, but the luxury home market is suffering even more and this house is definitely in that category. When we bought the house, I thought we were going to live here long enough that appreciation would be a simple truth. But, with the divorce we have to sell. The plan was for me to stay here this past year while I was back in school. We though the market might correct enough in that time that we would be able to get what we needed out of the house. But, here it is a year later and things are absolutely not any better.
So, a broker is coming through to look at things tomorrow and I really want to try and put this all out of my mind and let me ex deal with it. I know it isn’t the best idea to allow myself to call this whole thing a loss, but with all the struggles I have been through in the past year and half, I just want my worries to go away. I know we will end up taking a loss. I also know that the longer this house is on the market is just more time I am still financially connected to my ex. And, that is just not comfortable.
The fantasy that all real estate is a good investment is just so utterly false. We did great on our past two homes, because we hit the market at just the right times. It enabled us to buy this huge house in this amazing neighborhood. But, the need to sell now is going to put both of us financially back where we were before we ever bought our first home together.
No comments yet.