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Join Date: May 2005
Location: Houston
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I am confused...you had a multi page post recently with the same questions and you received the same advice from Pelican members. I for one gave you great advise on this last post as I went through the exact situation.
To sum it up "Rent it"
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Ole Skool - wouldn't have it any other way |
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07-13-2011, 07:52 PM
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1978 SC Targa, DC15 cams, 9.3:1 cr, backdated heat, sport exhaust https://1978sctarga.car.blog/ 2014 Cayenne platinum edition 2008 Benz C300 (wife’s) 2010 Honda Civic LX (daughter’s) |
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07-13-2011, 07:53 PM
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Join Date: Apr 2000
Location: Mid-life crisis, could be anywhere
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It seems like you are fixating on the few thousand dollar incentive your company is offering you to cover fees. You really need to let that go. Rent the house in NJ. Rent in Albuquerque. Now is not the time to buy in ABQ. Believe me, I know. We are still a ways from the bottom. Its a renters market in ABQ and you should be able to find a very nice home for $1100 a month or so. You really need to listen to the advice from the board here and separate yourself from your emotions
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07-13-2011, 07:58 PM
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I rent my 3/2 homes on the west side for $850 a month! They are much nicer than apartments!
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'95 993 C4 Cabriolet Bunch of motorcycles |
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07-13-2011, 07:59 PM
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1978 SC Targa, DC15 cams, 9.3:1 cr, backdated heat, sport exhaust https://1978sctarga.car.blog/ 2014 Cayenne platinum edition 2008 Benz C300 (wife’s) 2010 Honda Civic LX (daughter’s) |
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07-13-2011, 08:03 PM
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Join Date: Apr 2000
Location: Mid-life crisis, could be anywhere
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I don't, but my sister lives off of Eubank. I know real estate is more expensive there, but every house I see there has bars on the windows. I don't see that at all in the NW corner. You're sure its better over there?
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'95 993 C4 Cabriolet Bunch of motorcycles |
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07-13-2011, 08:05 PM
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Band.
Join Date: Dec 2003
Location: Denver, CO
Posts: 13,414
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Oh, you mean the house she and your daughter will live in when you divorce.
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1983 SC Coupe 2020 Macan Turbo 1963 BMW R60/2 1972 Triumph Tiger 1995 Triumph Daytona SuperIII |
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07-13-2011, 08:13 PM
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Join Date: Apr 2001
Location: Linn County, Oregon
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Welcome to the fallout of the housing bust. Another thing for you to worry about?
Be cautious about who you rent to...tonight's news report was about growers targeting houses with out of state landlords for grow operations... Be careful out there... Police raid home, seize large pot grow operation | Crime | Vancouver News
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07-13-2011, 08:26 PM
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1978 SC Targa, DC15 cams, 9.3:1 cr, backdated heat, sport exhaust https://1978sctarga.car.blog/ 2014 Cayenne platinum edition 2008 Benz C300 (wife’s) 2010 Honda Civic LX (daughter’s) |
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07-13-2011, 08:27 PM
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Registered Abuser
Join Date: Jul 2007
Location: Southwest Montana
Posts: 2,738
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Hey everybody is healthy, put this in perspective. Keep the family together, believe me, things could be much much worse.
I was in a similar spot in the mid 90"s the stress was largely self imposed. There are many R/E Sellers that are having a hard time warming up to the prospects of loss. Don't let it affect the family, better to roll out than to push a bad market. If you are upside down, rent the NJ house this will stabilize in time. I would rent even if you had the cash to buy In NM. The R/E Radar scope is still painting some ugly ahead.
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MT 930 1987 930 - Gone but not forgotten A man with priorities so far out of whack doesn't deserve such a fine automobile. I would rather wake up in the middle of nowhere than in any city on earth - Steve McQueen американский |
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07-13-2011, 08:28 PM
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1978 SC Targa, DC15 cams, 9.3:1 cr, backdated heat, sport exhaust https://1978sctarga.car.blog/ 2014 Cayenne platinum edition 2008 Benz C300 (wife’s) 2010 Honda Civic LX (daughter’s) |
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07-13-2011, 08:29 PM
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Dog-faced pony soldier
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Not to be a jerk but why on earth did you ASS-ume that you could sell a house in this market which is already saturated with millions of REOs for precious few buyers?
This is a ROTTEN time to be selling and I don't want to lecture, but it sounds like you made a hell of an assumption (or got suckered in by a RE agent's "sure, I can sell anything" BS pitch, or a little of both) and are now stuck. Don't let a stupid pile of sticks destroy your marriage if you value it. Rent it or walk away and take the hit... It's probably cheaper than a divorce anyway. Sorry to hear and best of luck.
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A car, a 911, a motorbike and a few surfboards Black Cars Matter |
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07-13-2011, 08:52 PM
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Control Group
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Can you commute, perhaps live in a smaller, outlying area?
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Big A, I rented the place I got married in, maybe if you approach it as being able to keep your home...you really do not want to delay
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She was the kindest person I ever met Last edited by Tobra; 07-13-2011 at 09:03 PM.. |
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07-13-2011, 08:59 PM
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Banned
Join Date: Apr 2005
Location: Columbus, OH
Posts: 18,240
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 Come on man..... |
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07-13-2011, 09:02 PM
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Student of the obvious
Join Date: May 2000
Location: Phoenix
Posts: 7,714
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Your situation is inconvenient and expensive. THIS is a hellish nightmare: http://forums.pelicanparts.com/off-topic-discussions/420757-my-4-yr-old-has-cancer.html
Sometimes when I THINK I'm having a bad day I pull up that thread and read it through. Suddenly life doesn't seem so bad.
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07-13-2011, 09:17 PM
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Interestingly though, I have noticed that we usually receive challenges that push our limits just enough that we can go through them, as if there was a predetermined set of challenges required for our growth. I have also noticed that happiness as little to do with those circumstances, and that is probably the part that is most difficult to grasp. For instance, a study on suicide revealed some tribes in Africa have 75% rate of infant mortality and 0% rate of suicide, while the rate of suicide is much higher in developed countries, and seems to increase with wealth. Thanks again for all the advice and opinions.
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1978 SC Targa, DC15 cams, 9.3:1 cr, backdated heat, sport exhaust https://1978sctarga.car.blog/ 2014 Cayenne platinum edition 2008 Benz C300 (wife’s) 2010 Honda Civic LX (daughter’s) |
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07-13-2011, 09:39 PM
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Join Date: Dec 2002
Location: London
Posts: 1,832
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Aurel,
Tough choices to make... Its great that you have the choices to make and are keen to find out what others think. Might I suggest a different approach... You have mentally and emotionally made the leap to a new life in ABQ....perhaps your wife has not and she is mourning the loss of her life in NJ, the home there and this anxiety is a normal state to be in, sad at what she has to leave behind, apprehensive about the future.. all of which is easily blamed on the money side of it. Assuming that is the case (if I'm wrong then sorry)...perhaps you can help in a different manner, one that you know would suit that part of her emotions more effectively than the 'money' side. It's a challenge for certain and one approach is to welcome it for the potential it brings..and acknowledge the cost to us and others.
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Share with me. Teach me something I didn't know. Make me think. But don't make me a bit player in your passion play of egotism. Dueller. 13/03/09 |
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07-13-2011, 09:57 PM
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There is no shame in renting, and you got unlucky with your timing on buying. Thankfully when I got bought out of the house I spent the money on my track car and rented an apartment instead of sinking that money into a house. So in retrospect, my "irresponsible" behavior saved me money. When it came time to move I gave my 30 days notice and then moved. If your work situation is in flux, and especially given this market, I wouldn't be buying anything, but ymmv. |
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07-13-2011, 09:58 PM
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Band.
Join Date: Dec 2003
Location: Denver, CO
Posts: 13,414
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Sorry, I honestly didn't intend to be a dikc.
I just don't understand why you would continue trying to sell your home for a six-figure loss, because of some perceived four-or-five figure gain from your current employer. Rent your home at break-even, and rent an enormous apartment or a nice house in ABQ, and eat breakfast and dinner with your wonderful family while you consider all the options together.
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1983 SC Coupe 2020 Macan Turbo 1963 BMW R60/2 1972 Triumph Tiger 1995 Triumph Daytona SuperIII Last edited by Gogar; 07-13-2011 at 10:08 PM.. |
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07-13-2011, 10:03 PM
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Aurelien: I can see why this appears to be a nightmare - can completely understand.
As a family man the only advice, and I mean it in the strongest of terms, keep your family together, regardless of the other "costs"!!!!!
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David 1972 911T/S MFI Survivor |
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07-13-2011, 10:12 PM
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2004 Mazda Miata
1979 Porsche 911SC 3.0
