Long time readers may remember a post last July from our friend Puravida. Puravida had a "near homeownership experience" which he decided to back out of. Our thanks to him again for this update:
I just wanted to give you an update on the post you did of my story back in July. A little summary, we would have closed on our home a year ago, $216K, but we cancelled the contract. The home finally sold for $176k six months later…. Now the base price for the same model is $151K…ouch.
Again, thanks for your website and all the information provided and other links to become better informed. People say that if you stay long enough in a home, things will recover and you will be fine. Well in this case, I don’t think that we could have made up the loss in decades when I take inflation, devaluation, and fuel costs into account.
