- Joined
- Sep 14, 2007
- Messages
- 2,655
- Reaction score
- 22
- Points
- 423
I do, I was in my 20's...when there was a gas shortage and the prices almost doubled and people were in lines waiting for gas.
I remember when I purchased my 1st house 10 years ago, it was a duplex that cost $116,500 and had been on the market for 18 months. My interest rate was 8.25% which was considered good as I had an FHA loan.
Also, I made only 1/4 or what I made now and I thought I was rich.
This was before the Real Estate boom, where people temporarily forgot what it was like to have a hard time to get a loan for a home, when you didn't walk away from a home you were in for less than 2yrs with over $50,000 in cash, when people didn't realize that their property taxes would almost double, just as the cost of their homes did, where people didn't realize that gas would double and their electric and water bills would too. ... when people pay double for food and fun......which put us back to how I felt 10 years ago...while saving my pennies, not eating out, taking my lunch to work, and not buying the new car....
Do you remember when?
I remember when I purchased my 1st house 10 years ago, it was a duplex that cost $116,500 and had been on the market for 18 months. My interest rate was 8.25% which was considered good as I had an FHA loan.
Also, I made only 1/4 or what I made now and I thought I was rich.
This was before the Real Estate boom, where people temporarily forgot what it was like to have a hard time to get a loan for a home, when you didn't walk away from a home you were in for less than 2yrs with over $50,000 in cash, when people didn't realize that their property taxes would almost double, just as the cost of their homes did, where people didn't realize that gas would double and their electric and water bills would too. ... when people pay double for food and fun......which put us back to how I felt 10 years ago...while saving my pennies, not eating out, taking my lunch to work, and not buying the new car....
Do you remember when?
Last edited: