Day two of moving stuff out of my Dad's house has left me tired and sore. I think we are taking the day off today.
You better take the day off, it's no-Labor Day AND your birthday, Enjoy!
We are going through his paperwork getting ready so he can get Medicaid when his money runs out. Won't take long with what the nursing home charges.
Yeah, having experienced the costs for my mom and uncle, I hear you Hitt. Fortunately both left us before we had to go the medicaid route. I hid the costs from my mom for over two years. If she knew that her savings and her house went for those two years, I think it would have killed her.
It's sickening how a person can work their whole lives and in a short period their savings is gone. My dad never had a lot of money so his won't last long.
I made it back home a little while ago. It's good to be home.
Summer is over in Michigan. Was in the forties this morning, I had to throw on a sweatshirt for the ride to work. Had our last camping trip of the year over Labor Day weekend. Time to start cleaning out the camper and getting it ready for winter. Still have to seal my deck as well. Supposed to be pretty nice this weekend so hopefully I can get most of it done. Welcome back Hitt, hope it was a nice trip. 
It was pretty cool in Ohio too. We had a cooler than normal August in Missouri. It is a little chilly this morning. My daughter forgot to close the garage door when she left for school.
Hope you got everything done. It's tough when you're one that tight time schedule.
We got quite a bit moved. We concentrated on the heavy stuff. The realtor that my sister met with while I was there said we couldn't get enough out of his house to pay the loan so we are going to give it back to the bank.
He bought it in 2005 and we discovered that he refinanced in 2006. My guess would be to get a lower interest rate. The area he bought in was decent when he bought it but went downhill over the years and the house is worth only a little over half of what he paid for it. It's not very big. Maybe 1100 square feet but it's a corner lot and he has a two car detached garage.
Yeah, kind of figured when you said he was under water. He bought right before the bubble burst. I was so happy when I sold my only remaining rental around that time. My nephew wanted to buy a relative's home and did despite my warnings. Fortunately, they wee offered the house at 35% below the current market value so the hit wasn't as bad as it could have been, but a hit non the less.
I had found a 100 year graph of house prices and knew there were problems. I even showed them the graph but what did I know. Anyway, I told the people managing it that I was thinking of selling and they quickly offered to buy at what I considered a great price considering I was avoiding selling fees. A year later, I ran into the agent and all he could talk about was the hit they took on that purchase. I told him not to worry, the prices would come back, but I had a smile on my face after we parted. I suppose by now it's worth what they paid or at least close, but they won't sell it anyway so no big deal.
I just feel bad for people like your dad who not only got hit by the bubble but never recovered. Apparently, it's happening again in some area.
I had found a 100 year graph of house prices and knew there were problems. I even showed them the graph but what did I know. Anyway, I told the people managing it that I was thinking of selling and they quickly offered to buy at what I considered a great price considering I was avoiding selling fees. A year later, I ran into the agent and all he could talk about was the hit they took on that purchase. I told him not to worry, the prices would come back, but I had a smile on my face after we parted. I suppose by now it's worth what they paid or at least close, but they won't sell it anyway so no big deal.
I just feel bad for people like your dad who not only got hit by the bubble but never recovered. Apparently, it's happening again in some area.
I really don't care about letting the house go. He moved there long after all of us kids were gone so there was no emotional attachment for me. My sister and I don't care about inheriting anything besides a simple possession or two to remember him by. He had some old coins that he used to save so while I was there my sister gave me a few silver dollars and a few other coins to have.
When I got home tonight there was a note on the counter that my BiL called and the nursing home was calling in hospice for my dad.
Sorry Hitt. Perhaps seeing you both gave him what he needed to let go.
My wife woke me around 11 last night to tell me that she got the call that my father passed. I am having a hard time believing it.
So sorry to hear Hitt but, if my experience is any indication, it's much better fast than slow. My dad went through a year or so of being real sick, about a year that he wasn't too bad and then over another year of being in an awful condition. At the end, it's so much better for it to me quick. I felt so relieved with both my mom and uncle that the didn't have to suffer like my dad did. Condolences to you and your family.
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