Saturday, February 20, 2010

Why I won't be moving anytime soon....

Orlando-area house prices fall to lowest in at least 15 years - OrlandoSentinel.com

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I've long since given up the idea of having anything to show for the house I've owned since 1996, and into which I've poured tens of thousands of dollars in maintenance and improvements. Right now, only foreclosures are selling, and I have no desire to put the place on the market. When the other houses in my immediate vicinity start selling, I'll list mine. Meanwhile, I am where I is, and that's that.

8 comments:

k said...

I'm sorry. I know how much you've been wanting to move.

Garilynn said...

I feel your pain. DH family owns land in the DeLeon Springs area and nary a nibble has come their way in months. I was listening to Dave Ramsey on the radio and he opined that there was "no reason" for FL real estate to be so depressed. I don't know anything about it, but I'm sorry you're stuck in the house.

Any chance of renting it?

Catherine said...

We have something like a 28% rental vacancy rate, because everybody who can't sell had the same bright idea. Rents are as depressed as sale prices. And I don't know what the hell Dave Ramsey is talking about - "no reason???" - how about mad overbuilding and speculation, plus being on the front lines of the hinky mortgages that were peddled to the unaware, plus a higher than the national average unemployment rate forcing people to walk away from houses they could otherwise have afforded. That's just off the top of my head. Ramsey might be good at telling people how to pay off debt, but if he doesn't know why we're underwater here, I don't think he's qualified to discuss the real estate market.

Garilynn said...

You put it very well. I may cut and paste and send it to his show. I knew a little from DH's family, so the statement was a little off when he said it - sort of like an ER doc telling you "it's all in your head" as you are spraying arterial blood.

Catherine said...

LOL! Great way to put it! And the advice is equally practical - "Here, take two aspirin and stop buying those $5 lattes on the way to work! You'll be FINE!" It seems like every financial guru thinks that those of us who are among the fiscally f*cked have a serious Starbucks habit. I don't personally know any of these people.

Garilynn said...

All the money folks really do pick the low hanging fruit - no Starbucks, quit smoking, brown bag,shop at thrift stores, etc. I'm way beyond that stage. Living on one income for the past 8 years (long story) has taught me that a 69 cent bag of lentils, when sprouted, will produce enough meals AND provide chicken food once you are sick of it.

Catherine said...

Yep. Are there still places I could trim my budget? Yes. Would it turn around the ultimate issues here? No. I've always economized as much as was rational/practical. Some twit on Ravelry (who apparently lives in BFE and doesn't have a job) took it upon herself to give me financial advice a few weeks ago. I should devote the few working hours I'm not working or commuting to work or sleeping or keeping up with the house to growing my own food and shopping thrift stores! I shop carefully and love sales. That's the best I can do with the non-sleeping hours available.

Catherine said...

First working above = waking. Bad, bad cold. Sleep now.