bscottwriter said inre right wing radio: And then you have the folks like me (believe it or not, a Boomer on Tumbler) who own a house we can never sell because we live in an area that’s lost value. Mine in a community bordering Ferguson.
EEEEEEEEEEEEEEEEEEE
Oh, man. That’s another thing about home ownership. You’re in a market and markets can change. You build up all the equity making house payments only to have it be tenuous and uncertain in market winds. Sometimes it can pay off and sometimes not.
I’m speaking comparatively and in terms of real dollars, of course, but today people are paid less, houses are more expensive, and people are carrying more debt. The risk of homeownership ain’t what it used to be.
I do hope things get better for you and that area. Also, there are more Boomers on here than one might think :)
Published on March 18, 2015 14:15