Comments on: Housing update: short sale, foreclosure, etc.

By: SingleGuyMoney

SingleGuyMoney — Sat, 27 Jun 2009 18:33:07 +0000

Stew – Good luck on the sale.

By: LAL

LAL — Sat, 27 Jun 2009 01:21:47 +0000

Stew, really what other option can there be if you move other than renting out your house?

By: Stew

Stew — Thu, 25 Jun 2009 01:04:22 +0000

Christine, thanks for the help, I wasn’t sure where that came from.

“Dave” – I don’t want to feed a troll, but so that others understand, we did not purchase a house in our new location. We are renting and plan to rent for a long time.

By: Dave Ramsey

Dave Ramsey — Thu, 25 Jun 2009 00:25:15 +0000

Stew said: “there is no denying the common sense of your advice, but it might be too simplistic. Our financial situation might actually be worse had we stayed, even if that did not turn out to be the case, I moved to a job that paid better, allowed for more family time and represented advancement within my field. Had I stayed at my old job, I most certainly would have been “downsized” in the last year. Not saying you are wrong, but . . .”

Perhaps the move was warranted, but you could have rented instead of buying in the new location.

By: Christine

Christine — Wed, 24 Jun 2009 20:14:14 +0000

I think Phil has confused Stew with Glbl. Glbl also has an extra house, which he has successfully rented out. If Phil hasn’t been around, he may not even know that Stew is not Glbl. I still get confused, and I’ve been reading daily since sometime in January.
Hope that helps, Christine

By: Stew

Stew — Wed, 24 Jun 2009 05:04:42 +0000

Phil, even if we rented the house for the maximum possible in our current market, we would have still had a budget deficit every month.

Dave, not sure if you really are the Dave Ramsey . . . there is no denying the common sense of your advice, but it might be too simplistic. Our financial situation might actually be worse had we stayed, even if that did not turn out to be the case, I moved to a job that paid better, allowed for more family time and represented advancement within my field. Had I stayed at my old job, I most certainly would have been “downsized” in the last year. Not saying you are wrong, but . . .

The other issue is that of faith. Our move was a step of faith and while we are certainly tap-dancing on the edge of financial oblivion at the moment, God has met our needs for the last months and I believe that He will order our steps for the next 15, at least.

By: Stew

Stew — Wed, 24 Jun 2009 04:54:14 +0000

Wow, I really did not know that all of you were this invested in the story . . . I appreciate and I am humbled by your concern and prayers. We continue to rely on Providence. What other choice do we have?

By: ABCs of Investing

ABCs of Investing — Wed, 24 Jun 2009 02:48:54 +0000

Wow – exciting stuff. Good luck on the sale – my fingers are crossed.

By: marty

marty — Tue, 23 Jun 2009 23:43:09 +0000

We have been praying for you and your family all along and hope this resolution works for you very soon. Believe!

By: Dave Ramsey

Dave Ramsey — Tue, 23 Jun 2009 19:04:35 +0000

Folks, this is why you never, ever purchase another home to move to before selling your current home. The only exception might be if your current home is paid off and has no mortgage.