So, I was looking on zillow (which, by the way is fucking crazy making. Do not look at the site if you value your sanity) to price out my current home to see *about* how much under water I am.
I am probably about $14,000 under water (before looking at fees and real estate commission). With commission I am about $23K in the hole without other nonsense.
This is a lot of money.
I'm trying to let this amount of $$ sit with me so I don't hyperventilate. The worst thing about this amount of money is that if I could pay it down at low interest rates, I wouldn't freak out. But there aren't low interest rates for unsecured loans. I could buy a honda accord tomorrow at that price and have payments I could manage. But not to pay off a mortage that's under water!
I could do some credit card balance transfer bullshit, but those have fees attached and I am not sure I have a card with a balance that high.
I just applied for a revolving line of credit from my credit union which will cover $10K of it. I will sell my body for the rest!
I think Zillow is possibly a load of crap, though? I mean, there's a house on my parents' street that I know sold for a million dollars last year and is on Zillow at about $850K. Has the market gotten that much worse in the last year? In their neighborhood, I doubt it. So just don't take Zillow as the final word, I think.
God. I hope you are right. I really don't want to take that kind of hit.
I think Zillow is possibly a load of crap, though?
Yeah, they are estimating my house at $70,000 less than the house next door--which is basically IDENTICAL to mine--just sold for a few weeks ago.
Holy shit, you guys. An ATM took my debit card last night (in an inconvenient location), so I just called my bank to get a new one, and he had already said he was cancelling the old card and mailing me a new one, when he told me it will take a week to get here! Now I wish I had put a little more effort into figuring out if I could retrieve it somehow. I'd better go to the bank tomorrow for cash. So annoying!
Dream last night: For a five-year old girls birthday, we took the transporter to an empty planet, and filled the lifeless oceans with primordial which would evolve into multi-celled life within a billion years or so. It turned out that wasn't what she wanted.
And Jesse, hope it proves less inconvenient than it sounds.
I mean, I have a credit card and probably $5 in cash, so it's not a crisis, but it's annoying!
I pasted the URL for the daily otter into a work email and almost didn't catch it before I hit send.
Hopefully the figures are further off at the higher end, but I just checked my parents' house on zillow and the estimate was within $100 of what the mortgage company assessed it at a couple of years ago.
