Cristina<3 Whit:
CristinaB's Blog
Love knows no limit to its endurance no end to its trust, Love still stands when all else has fallen.

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Spoke too soon!! Darn Investors!

Posted Thursday, March 06, 2008 5:08 PM

Geeeeze!!! This is ridiculous, another "investor" flip-it person has out bid us on this home my husband and I really wanted to buy.  This investor will probably bull doze the super cute 1950's cottage and build a million dollar home on it and people like hub and I wont be able to afford the "re-do". So typical of our house hunting adventures as of late.  This has happened to us 2 times already!!!

We found an amazing home in the most coveted neighborhood of our town that needed some major fixing up, but we were willing to put in the elbow grease given the location and the fabulous schools; however, money talks and we had to walk!! The investor put in the exact asking price and of course, our "meager" offer of only 10k under the asking price was not entertained!!! This is so frustrating, its analagous to the big chain stores coming in and snuffing out the local mom&pop stores!!!

How is a newlywed couple supposed to be able to afford a great home in a great neighborhood when the darn flip-it people snatch them up and turn them into million dollar homes!!!

UGHHHH! We are truly very disappointed. I could scream, but instead, I will drown my sorrows in wine and chocolate.   Sad

Posted by Cristina<3 Whit
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Comments

re: Spoke too soon!! Darn Investors!

That really stinks. DH and I haven't started our house search yet, and although I am looking forward to finding our "dream" home, I'm not looking forward to the endless search, being outbidded, and then the possibly bad inspections. Good luck and enjoy that wine and chocolate!

Posted by ermimac    Thursday, March 06, 2008 4:44 PM


re: Spoke too soon!! Darn Investors!

Newlyweds normally can't find or afford houses in the most coveted neighborhoods.  You are lucky that you can shop in that arena.  My DH had been married before and got the house so we have been living in that house for the last 7 years almost 6 of which we've been married.  It still doesn't feel like home and the neighborhood isn't nearly as good as what I'm used to in another city but he loved the house so I agreed to make the best of it which I have.  We tore the kitchen and half bath down to subfloors and studs and totally remodeled both on our own.  I've gotten the dining room and entryway and stairwell painted and the hardwood floors on the first floor refinished.  Now I'm tearing wall paper down in the living room that's been up for at least 25 years and probably longer.  Hopefully come the end of spring I'll have the living room done.  Then (gulp) it's time to move to the second floor.  I still consider us newlyweds but with DH having been unemployed for three years and my being on disability, moving just isn't an option.  Of course imo we have a lot of newlywed years left because we work at keeping the relationship alive.

Posted by mynxr1    Thursday, March 06, 2008 10:15 PM


re: Spoke too soon!! Darn Investors!

I was just about to type what mynxr1 wrote.  I do have friends and relatives who bought their first home in a great neighborhood with 3-4 bedrooms, 2 baths, etc.  It's their home for life.  But I wasn't so lucky, and most people aren't so lucky.  We bought a starter home.  This concept is so overlooked and underappreciated.  Buy what you can afford now, upgrade later when you can or need to based on children heading off to school.  We have an 890 square foot house, two bedrooms, one bath.  It's a great little house.  No it's not in the good school district area, but it works for now.  We have an affordable monthly payment.  We'll raise our first baby in that house.  We'll move in about two years.  We have lived in this house for about 4 years already.  We're in a much better financial situation than those we know who bought their dream house up front after (or before) getting married.

Posted by edmo    Friday, March 07, 2008 12:33 PM


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