Cory
San Antonio,#2Consumer Comment
Wed, October 08, 2008
I'll bet you made a frickin' killing when you sold your home and possesions to some sucker in FL at the top of THAT market and I don't hear you complaining about the top dollar you got then. I'll bet that sucker has lost even more. Your townhouse has declinced appox 23% in value. The real estate in FL is down appox 50% in some areas, so you may be ahead. IF you had stayed in FL, the value of your house WOULD have declined anyway AND you wouldn't have gotten any equity out of it AT the top of the market. So count your lucky stars. By the way, what did you pay for the house in FL and what did you sell it for?
Flynrider
Phoeix,#3Consumer Suggestion
Wed, October 08, 2008
Your complaint is that your home has gone down in value since you bought it? Welcome back. You must have been hiding in a cave for the last year or so. I challenge you to find someone whose home has not decreased in value over that period. How is this a ripoff? You're complaining about renters? Consider yourself lucky. Most neighborhoods in this town would be better off with renters than the weed infested, bank owned, empty forclosure homes we have now. Time for a reality check. Count your blessings that you paid cash and still have a place to live.
Cristina
Bristow,#4Consumer Suggestion
Wed, October 08, 2008
It happened to me, but no one is to blame but ourselves. I (and I alone) purchased a single family home in northern va area in July 2008 for $560,000. Now, it is a little over a year later and it is worth approximately $400,000. I lost $160,000!! That is more then my down payment (which was $140,000), but it is my fault. So, what do we do? Hey, it seems like you own a house and can pay the mortgage...stay in it then. The prices will go back up sometime....
Inspector
Tobyhanna,#5Consumer Comment
Wed, October 08, 2008
Sorry, but the blame is on you, not the seller. Sometimes you win when investing in property and sometimes you lose. You cannot sue your broker for selling you stock that devalued. You have no case and if you really were a teacher, you would know that.