JustATaxPayer

Some Housing Schadenfreude

We read the signs of the US housing market nearly 5 years ago and sold our house in Ventura County Californai; hottest market in the US, at its peak. (People thought we were crazy for selling).

We had no idea how far down the market would go.

We came back to Northern Michigan (Traverse City area) and just bought an upscale forclosed house for 1/4 the price we sold our "average" (1800 sqr ft) California house. I doubt the market will ever come back to the levels it was, and I honestly hope it never does.

A house should be a home, not an investment.

A lot of people were hurt in the US housing market, a few of us made out ok (but we had to sell when everyone thought we were crazy).