Comments on: Half Empty http://susiemadrak.com/2008/04/29/07/20/half-empty/ Keeping a jaundiced eye on the corporate media. Wed, 09 Jul 2008 04:57:21 +0000 http://wordpress.org/?v=2.5.1 By: zuzu http://susiemadrak.com/2008/04/29/07/20/half-empty/#comment-142154 zuzu Wed, 30 Apr 2008 18:40:21 +0000 http://susiemadrak.com/?p=24673#comment-142154 Yeah, I've got a sale pending on my apartment in Brooklyn. It doesn't look like the market here is going to slow down or stop anytime soon (and because most of the apartments are in co-ops, which don't qualify for traditional mortgages and generally require that the buyer put down a minimum amount and be approved by the co-op board, we haven't had a huge problem with "creative" mortgages), but I felt like it was a good time to get out nonetheless. Now, if my co-op board would just meet already and approve my buyer, I'll be much happier. Yeah, I’ve got a sale pending on my apartment in Brooklyn. It doesn’t look like the market here is going to slow down or stop anytime soon (and because most of the apartments are in co-ops, which don’t qualify for traditional mortgages and generally require that the buyer put down a minimum amount and be approved by the co-op board, we haven’t had a huge problem with “creative” mortgages), but I felt like it was a good time to get out nonetheless.

Now, if my co-op board would just meet already and approve my buyer, I’ll be much happier.

]]> By: DBK http://susiemadrak.com/2008/04/29/07/20/half-empty/#comment-142051 DBK Tue, 29 Apr 2008 13:11:00 +0000 http://susiemadrak.com/?p=24673#comment-142051 Due to a job relocation, Mrs DBK and I sold our house in NJ. We closed in March. She and I felt a little like we sold it low because it went for around ten percent less than it had been assessed at during the peak of the market. Mrs DBK was not convinced we should take the low offer, but I talked her into it because I had been reading a lot about the housing market collapsing and didn't want to be stuck in NJ with one of us out of a job. I have been getting happier and happier every week that has gone by at my foresight. If we hadn't sold when we did, we'd still be waiting for a buyer, the relo package would be running out, and we would have been in a pickle. Due to a job relocation, Mrs DBK and I sold our house in NJ. We closed in March. She and I felt a little like we sold it low because it went for around ten percent less than it had been assessed at during the peak of the market. Mrs DBK was not convinced we should take the low offer, but I talked her into it because I had been reading a lot about the housing market collapsing and didn’t want to be stuck in NJ with one of us out of a job.

I have been getting happier and happier every week that has gone by at my foresight. If we hadn’t sold when we did, we’d still be waiting for a buyer, the relo package would be running out, and we would have been in a pickle.

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