I have always tried to do the right thing for the most part. I thought buying a house was the right thing to do. So I did it and sold the 1st one(I was stoked because I made &30K on it--my 1st condo in 11/1999). I got a new job and the company relocated me and payed my closing cost so I put $35K down on a 4 br 3bth with 3/4 acre very close to downtown Atlanta. I poured money into to to fix it up--remodeled the kitchen, re landscaped, new 2 level deck, re-painted inside and out, new bathrooms, new flooring--its a nice home. I was proud and did the work myself mostly. New air conditioner and furnace--all kinds of stuff. I paid $165K put about $25K in it, fixing it. I borrowed some money and refinanced in '05. So now I owe $155K with a 1st and a second. I lost 3 jobs since March 2008 and fought back with 3 new jobs but had to move to DC at my expense. I just rent a room now, no kitchen, no closets, no cabinets, no space really for any of my belongings--and i leased out the house to cover the note. Now, today the property manager told me I could not sell the place for $120K-he is a realtor and knows the market in Atlanta. I thought it was worth at least $215K. So I have to face the music--I'm broke and 53 yrs old. The house would have sold for $275K to $280K in '2007. I have lost $300K in investment and equity, since 2005 i think. The bank treats me like a leaper--my life savings is almost gone--the investments I thought were solid (401k's, stock market, and housing) and the right thing to do are a joke. So there is the truth. Plus to top it off my mom just told me the other day I wasn't worth anything(my own mother, haha). I just suck it up and bite my tongue and not ask her for a penny--its true but now I don't want to even talk to my family--I haven't told them the whole story. Screw it. My parent lived in the era where you could payoff a home--so to them I am a failure. So f' it. I have 3 degrees, my parents do not have any degrees--they do not even respect me. I have all kind of skill and have been very successful--but now its evaporating--like the joke is one me. I never thought housing would fall off this way--it kinda tough. I really do not care so much--not like it just me---its everywhere. Truthfully I am better off than most--America is in big trouble. So now I just suck it up and try to figure out what to do next--but it scary as the decisions I thought were solid turned out to be a joke--(portfolio, what portfolio--know what I mean). I did what the experts said--diversify this and that.The good news is I do not care so much, have a good job, skills galore, options for the future, and can live in a trailer for all I care--its just not the American dream. | |
Oh Wait, you spent all your money and trusted your government.
Now that you're broke you will you join the Obamites and demand a handout?
The older baby boomers did not do this to America; That's a lie thrown around by the wallstreet-owned whores like Bush and Obama trying to get you to turn into socialists. That way everyone can be equally miserable... except the few at the top who print the money. Any government powerful enough to give you everything you want can take away everything you have. Seig Heil, sucker.
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