I'll bet the third house is much nicer than the second house, which was much nicer than the first house. You should have thrown flyer # 51 in the garbage too, While everyone was flipping, taking out money and building, I was putting every extra dollar into my original mortgage. 30 years in 1993, and I paid it off in 06. I don't pay interest to anyone now. I never did understand people refinancing and stating from scratch. Yeah, I'd be jealous of someones bigger house, but I'd think "You're starting a 30 year mortgage NOW?" Kinda risky. I always felt that way.<quoted text>
For your record I was not a flipper, I sold my personal residence twice and am in the third house I bought. I was taking advantage of the two year capital gains exemptions and used this to live off of because I took care of my father for nine years after he had a stroke. He had dementia and I couldn't leave him alone to work a full time job. He died last year. So before you make assumptions based on things you know nothing about, you should not make judgements. I simply was saying in the interview that I bought into the same market hype everyone else did. We are all now in houses that aren't worth what we paid for them. I now know that I, like many others did not understand the market was basd on a PONZI scheme orchestrated by the lenders who sent hordes of buyers into the market with five times the amount of funds they should have had. Now you know the rest of the story.
Sorry bout your Dad and your situation though. SOmething tells me you'll get some kind of help from big business or the government. It's guys like me, that do it right, that get squat. I do sleep at night though. Soundly....and now that the prices are down maybe now I can buy a bigger house if I find some money laying around.