Comments | psychrofon: debt blogs

psychrofon

debt blogs

Feb 18, 2007 15:40

I was reading an NYT article about debt blogs, where people, either publicly or privately, announce their debt and track their attempts to eliminate it. It was kinda interesting ( Read more... )

Comments 5

my huge humps sustenance February 19 2007, 00:51:52 UTC

You also owe me $3,800 for Johnny V's dinners. I owe some guy at work $2, plus $38k for school loans.

canadian_fbi February 19 2007, 23:50:02 UTC

i saw that article yesterday, and i kid you not, the first thing i thought of was you. :) didn't you have some spreadsheet on your old website that was kinda like this ( ... )

psychrofon February 22 2007, 18:18:35 UTC

did you sell your house for more than you bought it? lord only knows what will happen...

canadian_fbi February 23 2007, 00:50:26 UTC

yes, we sold it in december for about 6% more than we bought it for in october 2004, after about three months on the market. the realtor commission would have negated that gain except my relocation package covered the closing cost of the house sale. but if these particular buyers (who kind of dawdled for two months getting their financing together) hadn't bought it, we'd probably still have it, because there weren't that many people coming to check it out. chattanooga never really had the same run up in prices that other areas had though (i don't think milwaukee is as bad as minneapolis or other areas, but i think they had some bubblyness) - we bought the house, which was 1650 sq ft or so, for $144K. the thing is, since december, the subprime mortgage business has imploded, so a lot of marginal first-time home buyers (like the people who got our house with 100% financing) probably can't get loans anymore, which means there'll be even fewer people to buy all the houses ( ... )

hopeful psychrofon February 23 2007, 05:56:45 UTC

i bought my house at below its assessed value (196 v 200) in may 2005. it was ugly as hell inside and i have done a lot of work (new bathrooms, new flooring, new walls). i also am working on the yard (which is big). I am hoping that because its not in the subprime category, and not in the super expensive category, that i can move it for a small profit. i want to sell it in may 2007 for about 10-15% improvement (combined with paying off about 7% of my loan). we shall see. buy my house! its in tosa! what a nice place!