Has Anyone Else Had To Stop Plans On Wanting To Buy A House

@KrauseHome (35529)
United States
October 13, 2008 1:53pm CST
due to the Economy right now, or are you still forging ahead ready to buy something out there just because the prices are at an all time Low? For us, we had our Condo on the Market, and have had it on the Market now since the end of May. We really wanted to be able to sell our Condo and move into something bigger and would still Love too, but with this Economic downturn we feel right now is not the Best time to do so as well. Plus the main issue is due to the amount of $$ we have saved up, and I have been working on rebuiding my Credit back up after a major Financial situation, my Credit is also not the Best as well. And since a lot of the properties around here that are cheaper either need a lot of work to them, or are Foreclosures, Bank owned, etc. and not worth thinking about right now as well. So we have decided to pull our Condo off the market for now, and watch and see if things get any better in the next year or two once a New President steps into office. In reality, I really hope someone will take charge once and for all with the Housing Crisis we are all in, and realize that there are many people who should not be where they are as well. But how long it will take is yet to see, but I wonder if there are others here who have had to put this on the Back Burner for now as well? ~~TINA~~
2 people like this
3 responses
• United States
4 Mar 09
Hi Tina, we had listed our home to sell a couple of years ago, wanting to find another home to buy that had at least 4 instead of only 3 bedrooms, especially when family comes to town. Due to the economy, due to a potential buyer backing out at the last minute, due to our home's equity taking such a hit, we too decided to pull our house off the market and wait a few years to see if things will turn around?
1 person likes this
@eaforeman6 (8983)
• United States
3 Mar 09
Thank you for the best response!
1 person likes this
@eaforeman6 (8983)
• United States
13 Oct 08
I am not buying a home because of the costs. I am also not buyig a home because of health reasons and not wanting all the yard work and added exspense. I am at a place in my life where I like having a maintenece men to take care of everything.I also like my pool and the private gym which I would not have. My utilities are cheaper and I dont have the tax's. I have the room that I need and have a fireplace too. I am very happy right where I am. If I did buy at some point , it would be to have a garden, but I do have my flower pots here and do grow things. Its not impossible but certainly not likely.
1 person likes this