Comments on: Is Your Home an Investment? Who Cares? http://ponderingmoney.com/2011/11/24/is-your-home-an-investment-who-cares/ Thinking in different ways about money. Fri, 18 May 2012 22:14:44 +0000 http://wordpress.org/?v=2.2.1 By: Rick Francis http://ponderingmoney.com/2011/11/24/is-your-home-an-investment-who-cares/#comment-9988 Rick Francis Wed, 18 Apr 2012 20:47:13 +0000 http://ponderingmoney.com/2011/11/24/is-your-home-an-investment-who-cares/#comment-9988 @Christy Thanks for commenting- Being 50% under water on your home is very scary. I can understand that it would depress you but how can you improve your situation without facing reality? It strikes me that if you face it now you will be better off as you will have more time to take action. I would start by researching the options and implications. This is a big enough question that I think it deserves an entire post instead of an insanely long reply. I’ve got a page or so written up with my thought I should be posting soon. -Rick @Christy
Thanks for commenting- Being 50% under water on your home is very scary. I can understand that it would depress you but how can you improve your situation without facing reality? It strikes me that if you face it now you will be better off as you will have more time to take action. I would start by researching the options and implications. This is a big enough question that I think it deserves an entire post instead of an insanely long reply. I’ve got a page or so written up with my thought I should be posting soon.

-Rick

]]> By: Christy http://ponderingmoney.com/2011/11/24/is-your-home-an-investment-who-cares/#comment-9981 Christy Tue, 17 Apr 2012 23:47:14 +0000 http://ponderingmoney.com/2011/11/24/is-your-home-an-investment-who-cares/#comment-9981 I enjoy your thoughts on this. My husband and I moved into our new house in Sept 2011. We bought the property with a tear down house at the peak of the market in 2007. At this point I think it would need to appriciate 50% to be worth what we've put into it / owe on it. But for us, it is a place to live. We're on over half an acre and have a stream running through the back yard, yet, it's less then 10 miles to where he works and an airport and we can walk to resturants and grocery stores easily. All told, I'm almost ready to know how upside down we are in the house. (I've avoided this number lest I become depressed in the investment.) I enjoy your thoughts on this. My husband and I moved into our new house in Sept 2011. We bought the property with a tear down house at the peak of the market in 2007. At this point I think it would need to appriciate 50% to be worth what we’ve put into it / owe on it.

But for us, it is a place to live. We’re on over half an acre and have a stream running through the back yard, yet, it’s less then 10 miles to where he works and an airport and we can walk to resturants and grocery stores easily. All told, I’m almost ready to know how upside down we are in the house. (I’ve avoided this number lest I become depressed in the investment.)

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