My friend in Florida told me they have to write a big check this past weekend to get out of their house. “Were trying not to see it as a big loss, though were heading to a place where we’ll gain when we buy”

They’re leaving and moving far away.

They close on their new house in a few weeks he told me. When real estate prices were soaring, we were living high, and barely working. They borrowed and invested in real estate, as prices were moving higher so was their net worth. And then……it ended.

The days of living a life of luxury are gone as is their net worth. Both he and his wife are back to work in a new place with a new start. By deciding to turn off the pause button they have moved on and restarted their lives.

Taking a loss on your home isn’t easy. Moving away isn’t easy, the single truth is we likely won’t see real estate prices and high levels of spending for many years.

Instead of sitting around and waiting for everything to be like it was . You have a choice stay and hope or you can leave and try and make a better life.
My friend has left, and I know they’ll make it he’s already succeeding

This entry was posted on Thursday, July 8th, 2010 at 9:56 am and is filed under Heritage Wake Forest, North Carolina Golf Communities, Raleigh Homes For Sale, Raleigh Mortgage Updates, Raleigh Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.