Easy to say, hard to do. Have you tried to sell a house in Northern Illinois right now? My house (9 years old) is now $50k-$60K undervalued now because of our abysmal housing market. House should be valued at $150k-$160k. Tax assessment is $121K, REAL sale value (based on comparables) is ROUGHLY $90k (give or take $10k).
That places my house at about $20k UNDERWATER.
Move out? We've wanted to for several years, but now we're suck in this crap-hole of hell because we can't get his albatross of a house off from around our necks!
That places my house at about $20k UNDERWATER.
Move out? We've wanted to for several years, but now we're suck in this crap-hole of hell because we can't get his albatross of a house off from around our necks!