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Buying a house ruined my life. I bought a house with my savings after the collapse. Got it really cheap (no mortgage). Only problem is now I want to sell it
by burritocop 13y ago
Buying a house ruined my life. I bought a house with my savings after the collapse. Got it really cheap (no mortgage). Only problem is now I want to sell it but can't.
There are no jobs around here.
I do have a crappy job. I could probably do better if I could afford to move away. I've considered just abandoning the property or selling it for basically nothing.
Buying sucks. As does renting. I've seriously considered van life.
http://cheaprvlivingblog.com/ http://cheaprvlivingblog.com/
- gaadd33 13y agoWhy not rent it? If you got it really cheap just rent it for the cost of the property taxes.
- burritocop 13y agoRenting includes a number of financial and legal responsibilities. Bad tenants can be a nightmare. I don't really want to risk having to deal with that drama. Right now I'm thinking I'll just have to sell the house at a loss. Not really so bad. It won't be a tremendous loss and I have lived in 3 years. I guess in the end it would have been the same had I just rented. Previous to this I did rent for a long time and hated that. I really am serious about the van thing.
- gnoway 13y agoHave you looked into working with a property manager? They do all the screening and tenant management stuff for you. You give them a fixed percentage of the rent and I guess you're the wallet for repairs, etc. Unless their take of the expected rent would result in a negative cash flow for you, it seems like a better option than selling at a loss.