#7. To: A Pole (#3) Been wanting to "downsize" for over a year.
Where I live in Florida (Jacksonville) there are "developments" of homes starting at 150K that are HUGE homes, and HUGE developments. BIG pricetags too.
Older and smaller homes are run down and will cost a fortune to fix.
There's a ton of foreclosed homes and short sales - but most are in developments.
I don't like the newer developments because they crowd huge homes on tiny bits of land, and if you stick your arm out the window, it's in your neighbors home.
Not only that but they all have pools and centralized clubhouses, children's lots and other amenities that you have to pay for whether you use them or not, and restrictions and covenants that prevent you from doing what you want to your home, car or other vehicle. Too much control!!
So, I've been trying to find an older home that isn't falling apart...and they are going like hotcakes. They don't stay on the market long - and prices are going up in that sector.
I may just give up, wait another year, and then dump my condo and buy an RV or rent something.
My condo dropped by 50% in value, and like everyone else, I'm upside down.
I can't sell it, and I can no longer afford to live in it.
It's a bitch.
Goldi-Lox posted on 2011-02-22 13:12:23 ET Reply Trace
