Comments on: Blogging From The Trenches – Errr Swimming Pool http://www.everybodylovesyourmoney.com/2008/02/25/blogging-from-the-trenches-errr-swimming-pool.html Living for today - Planning for Tomorrow Fri, 12 Mar 2010 04:00:21 -0800 http://wordpress.org/?v=2.9.1 hourly 1 By: Master Your Card http://www.everybodylovesyourmoney.com/2008/02/25/blogging-from-the-trenches-errr-swimming-pool.html/comment-page-1#comment-132080 Master Your Card Sun, 02 Mar 2008 12:35:44 +0000 http://www.everybodylovesyourmoney.com/2008/02/25/blogging-from-the-trenches-errr-swimming-pool.html#comment-132080 Hey Hazard, great post (albeit a little depressing). Sadly, I have a feeling that we've only seen the tip of the sub-prime iceberg since most of the rate resets are still some time down the road! By the way, in case you're interested myself and nine other PF bloggers just started up our own network and would love to have you aboard. Please shoot me an email if you're intrigued - contact@masteryourcard.com Hope to speak to you soon! Jonathan :) Hey Hazard, great post (albeit a little depressing). Sadly, I have a feeling that we’ve only seen the tip of the sub-prime iceberg since most of the rate resets are still some time down the road!

By the way, in case you’re interested myself and nine other PF bloggers just started up our own network and would love to have you aboard.

Please shoot me an email if you’re intrigued – contact@masteryourcard.com

Hope to speak to you soon!

Jonathan :)

]]> By: Emily http://www.everybodylovesyourmoney.com/2008/02/25/blogging-from-the-trenches-errr-swimming-pool.html/comment-page-1#comment-131920 Emily Sat, 01 Mar 2008 03:29:22 +0000 http://www.everybodylovesyourmoney.com/2008/02/25/blogging-from-the-trenches-errr-swimming-pool.html#comment-131920 It's interesting, when I read a story like this I feel really sad for the people involved. I know they didn't mean to choose the wrong house, and they could have fixed their mistake with much less financial damage had it happened two years ago. Still, when you look at the economic situation in our country, there has to be a correction. These are the really hard questions in life. Is a bailout the right thing to do in the long run? Or do we let the chips fall? My husband works in the real estate, and the thing that's happening around us is that nothing is selling because no one will lower their prices to match the market. It’s interesting, when I read a story like this I feel really sad for the people involved. I know they didn’t mean to choose the wrong house, and they could have fixed their mistake with much less financial damage had it happened two years ago.

Still, when you look at the economic situation in our country, there has to be a correction.

These are the really hard questions in life. Is a bailout the right thing to do in the long run? Or do we let the chips fall?

My husband works in the real estate, and the thing that’s happening around us is that nothing is selling because no one will lower their prices to match the market.

]]> By: Madame X http://www.everybodylovesyourmoney.com/2008/02/25/blogging-from-the-trenches-errr-swimming-pool.html/comment-page-1#comment-131582 Madame X Wed, 27 Feb 2008 17:01:11 +0000 http://www.everybodylovesyourmoney.com/2008/02/25/blogging-from-the-trenches-errr-swimming-pool.html#comment-131582 I've been watching my neighborhood very closely-- it doesn't seem like much is selling but a few sales seem to indicate that prices have at least held steady since I bought. I'm definitely not upside down on my mortgage, since I put 20% down, but I do worry about the number of not-yet-completed condos in the area-- there will be plenty of inventory to compete against if I ever try to sell. Fortunately I don't think I'll have any reason to move, and even if I did, I think I would rent my place out rather than sell it, as I know the cash flow would work out. I’ve been watching my neighborhood very closely– it doesn’t seem like much is selling but a few sales seem to indicate that prices have at least held steady since I bought. I’m definitely not upside down on my mortgage, since I put 20% down, but I do worry about the number of not-yet-completed condos in the area– there will be plenty of inventory to compete against if I ever try to sell. Fortunately I don’t think I’ll have any reason to move, and even if I did, I think I would rent my place out rather than sell it, as I know the cash flow would work out.

]]> By: Amy http://www.everybodylovesyourmoney.com/2008/02/25/blogging-from-the-trenches-errr-swimming-pool.html/comment-page-1#comment-131359 Amy Tue, 26 Feb 2008 14:07:07 +0000 http://www.everybodylovesyourmoney.com/2008/02/25/blogging-from-the-trenches-errr-swimming-pool.html#comment-131359 We are not upside down on a loan, but the houses here are not selling. I have had two friends recently who have tried to sell their homes and ended up sitting on them for almost a year. It is definitely a tough time in our area (IN) for the housing market... We are not upside down on a loan, but the houses here are not selling. I have had two friends recently who have tried to sell their homes and ended up sitting on them for almost a year.

It is definitely a tough time in our area (IN) for the housing market…

]]> By: trip http://www.everybodylovesyourmoney.com/2008/02/25/blogging-from-the-trenches-errr-swimming-pool.html/comment-page-1#comment-131290 trip Tue, 26 Feb 2008 05:35:59 +0000 http://www.everybodylovesyourmoney.com/2008/02/25/blogging-from-the-trenches-errr-swimming-pool.html#comment-131290 While we are not in that situation I have to agree that the Seattle area is feeling a bit of the softening. We just moved here (yup) and are renting until our future has more clarity. While we rent we are watching houses near us and have seen a $700K house drop to $600K (not that we could afford that) and another house drop $50K, in a good neighborhood with good schools. While we are not in that situation I have to agree that the Seattle area is feeling a bit of the softening. We just moved here (yup) and are renting until our future has more clarity. While we rent we are watching houses near us and have seen a $700K house drop to $600K (not that we could afford that) and another house drop $50K, in a good neighborhood with good schools.

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