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Reply #7: I confess: I paid too much for my house... [View All]

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johnlal Donating Member (974 posts) Send PM | Profile | Ignore Wed Oct-01-08 09:35 AM
Response to Reply #2
7. I confess: I paid too much for my house...
I balked when they told me how much they were charging. I was told, that's what they're going for. We negotiated down a little, but still-- I had never paid that much money for anything before! Now, we can't sell it, and we're having a lot of difficulty refinancing it. We love the house, but hate the mortgage.
I suspect a lot of people wish they held off a few years until they got to a buyer's market. I bet a lot of people are watching housing prices now.
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  -Declining House Values "Catastrophic"? johnlal  Oct-01-08 09:24 AM   #0 
  - I heard today that house values have stabilized.  protect our future   Oct-01-08 09:29 AM   #1 
  - Not even close to stabilizing:  marmar   Oct-01-08 09:33 AM   #4 
  - Ummm, well, I suppose you could interpret it that way...  El Pinko   Oct-01-08 09:34 AM   #6 
  - Those are the same people who told us there was no bubble..  Virginia Dare   Oct-01-08 09:53 AM   #15 
  - Not when they were grossly inflated in the first place  eowyn_of_rohan   Oct-01-08 09:29 AM   #2 
  - I confess: I paid too much for my house...  johnlal   Oct-01-08 09:35 AM   #7 
     - I'm sorry and hope things work out for you  eowyn_of_rohan   Oct-01-08 09:38 AM   #8 
     - Something will work out  johnlal   Oct-01-08 09:39 AM   #10 
     - If You Love The House  Crisco   Oct-01-08 09:41 AM   #11 
     - I paid too much for my house too.  protect our future   Oct-01-08 11:20 AM   #17 
        - Yes, my mortgage lender is falling over himself to refinance us  johnlal   Oct-01-08 11:42 AM   #18 
           - Yeah, my lender said they could refi me if my house "qualified"  protect our future   Oct-01-08 11:57 AM   #19 
  - Catastrophic to a fraud economy built on a Ponzi scheme of bloated home values......  marmar   Oct-01-08 09:31 AM   #3 
  - What happens if the...  Bigmack   Oct-01-08 09:34 AM   #5 
  - We're getting a taste of that now.  johnlal   Oct-01-08 09:38 AM   #9 
  - Affordable housing includes affordable rent.  rug   Oct-01-08 09:41 AM   #12 
  - Good point  johnlal   Oct-01-08 09:57 AM   #16 
  - The biggest part of the problem right now is that too many people  napi21   Oct-01-08 09:51 AM   #13 
  - Prices and interest rates are not unrelated.  lumberjack_jeff   Oct-01-08 09:51 AM   #14 

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