UnThreaded | Threaded | Whole Thread (96) | Ignore Thread Prev | Next
Author: ptheland Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 128142  
Subject: Re: When can I qualify for a loan? Date: 4/23/2013 9:38 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 8
Please tell me again how I am throwing my money away on interest (and appliances and yard maintenance) when I just made $335,000 selling MY starter home? Gee, sure wish I would have rented those last 8 years......NOT!

Please do not confuse good luck with skill or a prudent plan.

If you just sold your house and owned it for 8 years, that puts your purchase in 2005. The RE market peaked out around 2006 to 2007, depending on your location. So you bought not long before the peak.

I suspect you were either very lucky or you have glossed over important information, such as significant improvements made to the house, or a below market purchase. With your handle, it's also possible your property is located in a recently discovered gas field, adding to it's value. I'd toss that in the "luck" pile.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (96) | Ignore Thread Prev | Next


Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
Post of the Day:
Macro Economics

Looking at Oil and Gas
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.