....is an idiot. Well...okay, maybe not an idiot. But it sure as hell isn't working out for us. Thanks to the lovely housing market crash, the decline of our neighborhood (and indeed our whole side of town), and the prospect of having a casino get built less than 3 miles from our house, the chances or our reasonably nice 3-bedroom house with a great backyard are not good. At. All.
On our street alone, there are 5 houses for sale (including ours). The last two that have sold have sold for $35-60K less than they're worth. That doesn't bode well for us -- I have no money tree to pick from so I can make up the difference in that selling price and what's left on our mortgage. In an area where home values are in the low 100's, the house two doors down just sold in a foreclosure sale for $45K.
So these are our options: rent it out, short-sale it, have Dr. Husband get a new job here in Cbus and forget about selling it altogether, or walk away from it entirely. None of these options are attractive to me, but I guess if I HAD to choose one, I'd choose the get-a-new-job option. But we all know how plentiful jobs are, right?
Just...shoot me. Shoot me now.
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