Reason 1 million that we are starting to think about moving…
While out on a walk with the girls a few nights ago. 3 young girls, maybe around 7 years old, were chasing down an ice cream truck. The truck clearly didn’t see them and kept going up the wrong block. It was a little hilarious. The girls were waving politely at first… But clearly they were getting frustrated. Eventually one of the girls yells… “YO BITCH… we’re down here” The truck slows and they run up to it.
Huh… Maybe this is actually one of the reasons I’ll miss where we live. It’s never boring or pretentious. Full of character and always bringing amusement. We also live across from a pond/park/playground with really nice trails – something we probably won’t find ourselves living next to again.
I wish we could stay and make it work but we’ve just outgrown the home. And our biggest problem isn’t even the fact that we are fitting 2 adults 2 babies and 3 pets into a small space. Its more complicated. To put it in perspective… We’ve spent the last 6 months sleeping on an I.KEA futon in our living room. We have two bedrooms but live in a 1.5 story and even with updates (insulation and new windows) we haven’t been able to suitable regulate the temperature upstairs. There is only one vent to the 2nd story… and being a 100 year old home, we can’t get an AC box in the uniquely small period windows. So the girls just got moved up there last week because its finally warm enough but not too HOT. I know it’s a mess!
It’s hard enough to get out of the house with almost 9 month old twins… So a huge question is how are we going to put our home on the market? And then move with young children. Not to mention the fact that we bought at the selling height almost 8 years ago and spent WAY TOO MUCH! We basically bought when everything was selling in multiples and bidding wars were the norm. After meeting with a few realtors it seems our situation is tricky. But we think we’re going to give it a go.
Either using one of the government programs to help those like us get out. Or essentially “buying our way out” with the reality that our next home will have a substantially better price per square foot. Which will balance out our loss on the first property. So we will be doing lots of research, discussing our options and possible scrounging up money to get out. Taking out private loans, cashing in 401K’s and the like.
It’s all quite overwhelming but I only see it getting more challenging if we wait. And I’m at the point where our quality of life is winning over my obligation to stay until the market improves. I’m ready to through in the towel, take a huge hit and move on.
So, that’s where we’re at here. Overwhelmed.
I hear ya. We have been living in the land of “underwater home” for years now. We finally (after about 4 attempts) got the bank to agree to maybe help us… If you decide to seek bank help my only advice is to keep trying. It took us 3 years and its still not locked in. Keep your head up. Its miserable and overwhelming but you are not alone. I hope it gets easier soon!
We need to move soon too and I’m so worried that we won’t be able to sell our place! Good luck!
us too. we have WAY outgrown our home, but we are stuck for the time being. i won’t even admit to our sleeping arrangements, oy! 🙂
hope you are able to figure something out. and if you do, please share so i can follow in your footsteps!
We are in the same boat! I have been mulling around basically the same post. We saw a lawyer last week who told us our best bet would be to short sale the house. Our credit will take a hit but at least the bank agrees to write off the loss and right now the gov’t is not making you pay taxes on that loss. We are quickly outgrowing our house and figure it’s best to do it now then wait and not have these options later. I would suggest meeting with a lawyer to see what your options are. Ours sat down with us for over an hour and didn’t charge for the consultation.
My DCP has AC units that are free standing and don’t need to go in a window-clearly that is pretty much the smallest issue you are dealing with right now, but I’m all about the temporary quality of life fix.
I have to admit we’re in the same boat ourselves…my last post was just about outgrowing our space. We’re in a one bedroom apt, with 2 adults, a 4month old and a dog..and we’re thinking of TTC later this Summer..I’ have no idea how we’ll do it.
It seems like so many people outgrow their homes. Wishing you best of luck on the housing front.
we’re in this place, too. i’m interested by the comments. maybe we need to look into a short sale.
lol “yo bitch”…that’s awesome! We too are in the midst of buying/selling/moving and it’s been a pain in the ass so far. We have decided since we were going to take such a loss on house #1 we are going to have to do a lease with option on it. If that doesn’t pan out we will just do a straight mortgage transfer to someone who qualifies. We won’t make any money, but eh, we don’t lose any that way either.