Sunday, March 20, 2011

The downfall of our neighborhood

is the house next door.

We think our neighbor (really a nice guy) has finally turned his house over to the bank. Our house will never have a chance in this market. It appears that we'll be here for at least another five years so we're doing some yard work, making a list of home improvements, and doing some purging (actually sorting for my ambitious yard sale this summer).

The story of the house next door started about five or six years ago. The neighbor did a lot of work on the interior of the house - brand new kitchen, new bathrooms, new door frames and woodwork - the whole she-bang. Then he met a woman who lived in the burbs, married her and moved out there. They tried to sell the house the first time for about $300k. It was overpriced then but he did put a lot into it. Then they rented it. Then they put it up again for about $240k. Then they rented it. Then they put it up again and the price kept dropping. It is now listed at $170k. I really feel for them. And everyone else in the neighborhood who wants to move.

Living small, here we are!

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