Is anyone in this town not in some stage of foreclosure, financial straights or divorce?
This is MADNESS!
This is MADNESS!
I owe $350K on my house that's worth about $250K. I'm paying $2400/mo. and it kills me every time I send the payment. I like the house but sometimes I feel like I'm just wasting money. I can't believe how bad things have gotten here. When I moved here 6 years ago you were lucky if you could find a 2000sqft house for under $400K. Now there are homes twice that size for $150-$200K.
I guess I am one of the lucky ones in this economy. I live on disability and in an apartment, so things have gotten harder but not impossible. We did not get a cost of living this year and will not get one next year, but I can survive. The co-pay of medicine hits me pretty hard because it has gone up so much this year, and my electriic bill for July was a bummer. But I am making it a lot better than many people I know. I only have myself and my dogs to take care of, so it is easier for me to figure out a way to survive when the power bill is higher than I budgeted.
Sometimes I think that it is easier to survive a recession/depression when you don't have any money or assets to begin with. I live about the same way I have since I went on disability 9 years ago. That was a HUGE adjustment, but now I am about the same. Today I will once again count my blessings.
I no longer have a car though because I could not afford to fix it when it died, and even after almost two years without it I still have a hard time with that.