Comments on: Dumb Luck http://www.livingalmostlarge.com/2009/03/05/dumb-luck/ Trying to live large ...one step at a time Thu, 11 Mar 2010 19:54:03 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: LivingAlmostLarge http://www.livingalmostlarge.com/2009/03/05/dumb-luck/comment-page-1/#comment-5805 LivingAlmostLarge Sat, 07 Mar 2009 19:29:39 +0000 http://www.livingalmostlarge.com/?p=3036#comment-5805 Yep it really happens by luck I think in RE. That and staying put and loving your house like everyone said. Yep it really happens by luck I think in RE. That and staying put and loving your house like everyone said.

]]> By: fengshui http://www.livingalmostlarge.com/2009/03/05/dumb-luck/comment-page-1/#comment-5798 fengshui Sat, 07 Mar 2009 06:21:42 +0000 http://www.livingalmostlarge.com/?p=3036#comment-5798 Lucky you! well that makes sense, and I'm one of the nosy ones who kept asking how on earth it is possible to scrape together $100k in such a short period of time! It really is hard, and I consider it an accomplishment of a lifetime to be able to just pull $100k into a savings account. You made some wise decisions, and had some luck to boot. You should be proud of yourselves. :-) Lucky you! well that makes sense, and I’m one of the nosy ones who kept asking how on earth it is possible to scrape together $100k in such a short period of time! It really is hard, and I consider it an accomplishment of a lifetime to be able to just pull $100k into a savings account. You made some wise decisions, and had some luck to boot. You should be proud of yourselves. :-)

]]> By: JoeP http://www.livingalmostlarge.com/2009/03/05/dumb-luck/comment-page-1/#comment-5804 JoeP Fri, 06 Mar 2009 17:57:39 +0000 http://www.livingalmostlarge.com/?p=3036#comment-5804 We had a similar story. Sold our house within 3 hours of listing, and found a bank-owned home that was on the market for 4+ months due to a employment relocation. The new home was unfurnished, had a 310' driveway, and sat on 1.5 acres. A lot of negatives for most, but a perfect fit for us. Only 8 years left on the mortgage (15 yr), and we plan on staying here for at least another 15 years. We had a similar story. Sold our house within 3 hours of listing, and found a bank-owned home that was on the market for 4+ months due to a employment relocation. The new home was unfurnished, had a 310′ driveway, and sat on 1.5 acres. A lot of negatives for most, but a perfect fit for us. Only 8 years left on the mortgage (15 yr), and we plan on staying here for at least another 15 years.

]]> By: LivingAlmostLarge http://www.livingalmostlarge.com/2009/03/05/dumb-luck/comment-page-1/#comment-5803 LivingAlmostLarge Fri, 06 Mar 2009 03:09:15 +0000 http://www.livingalmostlarge.com/?p=3036#comment-5803 Yep it's quite a story. Yep it’s quite a story.

]]> By: frugal zeitgeist http://www.livingalmostlarge.com/2009/03/05/dumb-luck/comment-page-1/#comment-5799 frugal zeitgeist Thu, 05 Mar 2009 20:07:22 +0000 http://www.livingalmostlarge.com/?p=3036#comment-5799 I bought way less than the bank said I could afford, too. The market has softened, but property values are still riding way above what I paid. Not that it matters, of course: I'm not going anywhere, especially since I own the place outright. I bought way less than the bank said I could afford, too. The market has softened, but property values are still riding way above what I paid. Not that it matters, of course: I’m not going anywhere, especially since I own the place outright.

]]> By: Lynn http://www.livingalmostlarge.com/2009/03/05/dumb-luck/comment-page-1/#comment-5802 Lynn Thu, 05 Mar 2009 18:56:09 +0000 http://www.livingalmostlarge.com/?p=3036#comment-5802 Your story sounds exactly like mine. I bought a condo in 2002 after I met my now husband and he moved into it and I moved home with my parents-this was right before we got married. I paid $221K for a 2 bedroom condo which was at the high end of what I wanted to spend. But since I was living at home and my husband was in the condo it was definitely affordable. Anyway, we sold it in 2005 for 332,500K at almost the peak (peak for 2 bedroom was 349K). In less than 3 years we were able to make enough for a 20% down payment on a 560K house which we definitely bought at the height. But we love the house and there is no way we could have come up with a 112K down payment without same dumb luck you had! Right now the value is about 525K so it hasn't dropped too much. Phew! (One of the only good things about living in NJ! LOL!) Your story sounds exactly like mine. I bought a condo in 2002 after I met my now husband and he moved into it and I moved home with my parents-this was right before we got married. I paid $221K for a 2 bedroom condo which was at the high end of what I wanted to spend. But since I was living at home and my husband was in the condo it was definitely affordable. Anyway, we sold it in 2005 for 332,500K at almost the peak (peak for 2 bedroom was 349K). In less than 3 years we were able to make enough for a 20% down payment on a 560K house which we definitely bought at the height. But we love the house and there is no way we could have come up with a 112K down payment without same dumb luck you had! Right now the value is about 525K so it hasn’t dropped too much. Phew! (One of the only good things about living in NJ! LOL!)

]]> By: Anonymous http://www.livingalmostlarge.com/2009/03/05/dumb-luck/comment-page-1/#comment-5800 Anonymous Thu, 05 Mar 2009 15:02:07 +0000 http://www.livingalmostlarge.com/?p=3036#comment-5800 You are so lucky! DH and I bought at the peak of the housing market 3 years ago. Since we bought, home prices have been going down down down. we wanted to sell and move in with his parents to pay off all debt and save for a downpayment, but the more I looked into it, it made more sense to stay and ride w/ the housing waves. If it goes up, our value goes up and we buy a house for more $ but we'll make $ on it and have some money saved. If it keeps going down, we'll take a hit or rent and we'll buy very cheap. I'd rather do that then sell and take a hit, b/c my luck, when we go to buy again, the housing market with be up up up! You are so lucky! DH and I bought at the peak of the housing market 3 years ago. Since we bought, home prices have been going down down down. we wanted to sell and move in with his parents to pay off all debt and save for a downpayment, but the more I looked into it, it made more sense to stay and ride w/ the housing waves. If it goes up, our value goes up and we buy a house for more $ but we’ll make $ on it and have some money saved. If it keeps going down, we’ll take a hit or rent and we’ll buy very cheap. I’d rather do that then sell and take a hit, b/c my luck, when we go to buy again, the housing market with be up up up!

]]> By: Fabulously Broke http://www.livingalmostlarge.com/2009/03/05/dumb-luck/comment-page-1/#comment-5801 Fabulously Broke Thu, 05 Mar 2009 14:35:28 +0000 http://www.livingalmostlarge.com/?p=3036#comment-5801 Wow that is incredible! I love hearing stories like that. Your mom must have rubbed some of her lucky star power off on you :) Wow that is incredible!

I love hearing stories like that. Your mom must have rubbed some of her lucky star power off on you :)

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