Comments on: A Huge Example of Buyer’s Remorse (and How to Avoid It) http://www.askmrcreditcard.com/creditcardblog/a-huge-example-of-buyers-remorse-and-how-to-avoid-it/ Latest Credit Card News, Reviews and Information Thu, 09 Feb 2012 07:48:57 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Len Penzo http://www.askmrcreditcard.com/creditcardblog/a-huge-example-of-buyers-remorse-and-how-to-avoid-it/comment-page-1/#comment-120389 Len Penzo Wed, 14 Oct 2009 20:37:53 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=8797#comment-120389 Oy! Tell me about it, Mr CC! During the down cycles you are constantly being forced to consider whether you want to ride out the storm or sell at a loss and cut your losses. It is frustrating, to be sure. :-P Oy! Tell me about it, Mr CC! During the down cycles you are constantly being forced to consider whether you want to ride out the storm or sell at a loss and cut your losses. It is frustrating, to be sure. :-P

]]> By: Mr Credit Card http://www.askmrcreditcard.com/creditcardblog/a-huge-example-of-buyers-remorse-and-how-to-avoid-it/comment-page-1/#comment-120378 Mr Credit Card Wed, 14 Oct 2009 03:48:45 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=8797#comment-120378 Real estate booms always kills the young folks who are told "it always goes up". Problem is because the cycle is so long, it seems believable! What nobody says is that the down cycle is long as well. Real estate booms always kills the young folks who are told “it always goes up”. Problem is because the cycle is so long, it seems believable! What nobody says is that the down cycle is long as well.

]]> By: Len Penzo http://www.askmrcreditcard.com/creditcardblog/a-huge-example-of-buyers-remorse-and-how-to-avoid-it/comment-page-1/#comment-120377 Len Penzo Wed, 14 Oct 2009 03:36:02 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=8797#comment-120377 @Bret: You are very fortunate, my friend! I was only 24 at the time, and I wasn't wise enough to understand that the price increases were just not sustainable - I believed that I would NEVER be able to buy a home if I didn't jump in when I did. What a dolt! @Samurai: You and your girlfriend were smarter than me. You did your RESEARCH! Good for you! :-) Not me. I was oblivious, and my ignorance cost me dearly. :-( @Bret: You are very fortunate, my friend! I was only 24 at the time, and I wasn’t wise enough to understand that the price increases were just not sustainable – I believed that I would NEVER be able to buy a home if I didn’t jump in when I did. What a dolt!

@Samurai: You and your girlfriend were smarter than me. You did your RESEARCH! Good for you! :-)

Not me. I was oblivious, and my ignorance cost me dearly. :-(

]]> By: Financial Samurai http://www.askmrcreditcard.com/creditcardblog/a-huge-example-of-buyers-remorse-and-how-to-avoid-it/comment-page-1/#comment-120366 Financial Samurai Tue, 13 Oct 2009 17:11:23 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=8797#comment-120366 Oh my gosh, what a story!! I had a very similar incident, but the girlfriend and I at the time staked out in front of our house we ended up purchasing on 5 different nights for 30 minutes at a time to see if we could bear the traffic noise from the street around the corner. We decided we could, and we still upgraded the windows to double and triple panes. The house was about $250,000 cheaper than comps due to the road noise, and we new we could improve the insolution and sound since the windows were 80 years old and single paned. Great story! And thank goodness, housing prices around the nation have rebounded SHARPLY since this summer. Oh my gosh, what a story!! I had a very similar incident, but the girlfriend and I at the time staked out in front of our house we ended up purchasing on 5 different nights for 30 minutes at a time to see if we could bear the traffic noise from the street around the corner.

We decided we could, and we still upgraded the windows to double and triple panes. The house was about $250,000 cheaper than comps due to the road noise, and we new we could improve the insolution and sound since the windows were 80 years old and single paned.

Great story! And thank goodness, housing prices around the nation have rebounded SHARPLY since this summer.

]]> By: Bret http://www.askmrcreditcard.com/creditcardblog/a-huge-example-of-buyers-remorse-and-how-to-avoid-it/comment-page-1/#comment-120365 Bret Tue, 13 Oct 2009 16:54:33 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=8797#comment-120365 I wanted a house so bad back in 1990 that I just couldn't stand it. Unfortunately, I couldn't afford a house until 1996 when they hit the bottom. So, I got quite a bit luckier than you on buying my first house. Being trapped in a house that is under-water has to be a nightmare. I think that's why so many people are just walking away right now. I know a couple who foreclosed around summer and they are already shopping for a new house. These are crazy times we live in. I wanted a house so bad back in 1990 that I just couldn’t stand it. Unfortunately, I couldn’t afford a house until 1996 when they hit the bottom. So, I got quite a bit luckier than you on buying my first house.

Being trapped in a house that is under-water has to be a nightmare. I think that’s why so many people are just walking away right now. I know a couple who foreclosed around summer and they are already shopping for a new house. These are crazy times we live in.

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