Have you been hit by housing market melt-down?
We’re constantly having to work or get work done on our old house. (I’ve talked about the house before, I believe. It was built in 1907 or 1911, I forget which.) But the good news is, we’ve not been smacked around by the declining housing market in our area. (Most areas, I guess. I just visited a website earlier listing Outer Banks foreclosures in beautiful North Carolina — a region that calls itself “America’s Beach.”) If I had stable, job-type income instead of freelance income, I’d be tempted to refinance right now, but all things considered, we’re doing all right in the old house for now.
I guess the good news is that the housing market may have stabilized from the outrageous free-fall in values and rashes of foreclosures of the last year or two. Of course, the bad news is pretty bad, still — if you were hit by foreclosure or other home ownership stresses, the recent improvements may not be much help to you.
Have any of you been hit hard by the housing market melt-down? How have you coped with it? Leave us a comment if you wish and let us know how things are going for you.
