Spoke with my real estate agent today. The average home in my neighborhood is selling for $27,000. Can you fucking believe that?
"I hope you had a good weekend. I have done a quick CMA for you. Inkster right know is getting killed by the sale price. A lot of properties are selling but at a very low price. (Ave Price around $27,000). These are foreclosed or short sale properties for the most part."I owe $70, 000 on my house. I want out of my house. I would have to sink a few thousand in to it if I wanted to sell it or rent it. I have a basement leak. Paint... carpet... minor repairs... I really don't know what to do but dump it. Maybe I can get a new house (for $30k) and then dump it, so I can still utilize my awesome credit.
I feel trapped by circumstances. I have a steady, full time, job. It doesn't pay as much as I'd like, but I'm not out of work like so many I know. I could certainly pay on a $30k mortgage with no problems! I want a house that's BIGGER. I NEED a house that's bigger. I want a house that's insulated. Energy efficient. With a garage. In a good neighborhood.
I was supposed to buy this "starter house" and then in 5 years sell it for a profit and move on to a bigger and better house. My 5 years were up December 10th but now I am trapped. I could maybe do a short sale, or renegotiate the mortgage if I fell on hard times. I could also get assistance and medical coverage if I fell on hard times. How FUCKED UP is our system that I can say that I would be better off if I was worse off??
I want out of my house and I want out NOW. *pouty lip*