Posted by DaveD (WI) on March 02, 2006 at 08:25:03:
Buried underneath Dorothy’s house? Yeah, and how her legs curled up once her ruby slippers were removed? Sorry… LOL… but that is the image I just had of your headline. I just saw a person a couple days ago with three houses bought on emotion, which will take down her fourth house as well.
She bought for the wrong reason. Financial wasn’t a consideration.
She put crappy financing on them.
She paid too much. Retail, through the MLS, of course.
And there isn’t a d@mn thing I can do for her.
She has that haunted look that she is minutes away from her whole world crashing in on her. Why? Vacancies, other stupid financial moves, bad luck. Made a mental note to myself to remember to make money on the buy… always!
But then, I don’t live anywhere near DW. There should be enough buying pressure to bail you out, especially if you sell on soft terms. Contract, l/o, whatever. Get a good downpayment and move on. I wouldn’t wish that haunted look on anyone. Hope you learned something. Playing with houses is serious business.