re: Homebuilders cancelling contracts to sell for more on market

quote:

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I'll be honest and say it's just depressing. I busted my arse, turned a 2.59 GPA into a CPA firm management position, and can finally afford my dream of owning a house and it just seems like I'm getting priced out before I can. If that dream is stolen from me, I will do everything I can to go against every politician, bank, and industry that ruined it.

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i graduated in December 2006, had my firstborn in January 2007 (two weeks later) and literally had to miss my first day of work due to the birth of my child.

it was a meddling entry level position making $29k a year. i got to where i really hated the position and people i worked for so started looking for another job in the summer of 2008. couldn't get anything in my smaller town so i had to branch out. Had a great interview on Halloween, they started calling my references before i was even out of town, and had the job offer Monday morning.

Put in a 1 month notice since there was no way i was going to move my family in 2 weeks and old job and new job accepted those terms. Listed house for a modest profit that my realtor thought would go quickly. This was west texas and new families were always moving in for oil jobs.


Then the market crashed and we got 0 offers for 2 months. then we got offers of $50, $30k, and other ridiculous things.

So i'm floating apartment rent and a mortgage for a while.

finally rent it out, so i'm not hemorrhaging money at this point. but i do run up a decent amount of debt making the ends meet for a while. nothing insurmountable. we're ok as a family, i change jobs again (been at this job for 10+ years now) and start to get a little ahead, but it's really slow. we finally pay off all debt, sell the house, and am clearing 100k by 2016. then gas prices go down, mortgage rates go down, we refinance, taxes get cut in 2017, and we really start getting ahead to the point where i'm not worried about our savings any more.

i'm not saying it should be handed to you, but it was a good 10 years out of college where i felt like i could actually breathe and get ahead. plenty of those were self-inflicted wounds, but when you see where the system gets their bailouts, welfare gets wasted, corporations buy houses out from under you, etc. it can definitely jade you.