I bought the house for $131,000, 3 1/2 years ago. Houses like it were selling for $185,000 at the peak of the market. Now the Zillow estimate is $171,000. That's not too bad. I wouldn't want to sell it for that right now but a lot of houses have lost a lot more value than mine. I would be happy to sell it for $180,000 in 2 years but that is probably unrealistic. I might just have to keep it as a rental for a few more years.
Thursday, April 10, 2008
More Mortgage Musings
I bought the house for $131,000, 3 1/2 years ago. Houses like it were selling for $185,000 at the peak of the market. Now the Zillow estimate is $171,000. That's not too bad. I wouldn't want to sell it for that right now but a lot of houses have lost a lot more value than mine. I would be happy to sell it for $180,000 in 2 years but that is probably unrealistic. I might just have to keep it as a rental for a few more years.
Subscribe to:
Post Comments (Atom)
2 comments:
I am also always thinking about ways to my mortgage off more quickly. At my current rate it will be about five years. If the stock market improves drastically it will be sooner. I am working hard at finding extra sources of income and thinking hard of sources of passive income so that debt free day can come along more quickly. I can't wait!
Good luck with your plan! My realistic goal is 5 years too. It seems far away to me but it's not as far away as 13 years with the minimum payment.
Post a Comment