Financial news

[cjsmith]

Wow, this was a bad time to ditch a secure comfortable income, huh?

I'm not frantic, as I know I can weather a short- to medium-term financial storm, but I continue to be impressed with my lifelong knack for pessimal timing.

Comments

[allanh.livejournal.com]

That's OK. Come sit next to me, the just-bought-a-first-home-two-years-ago guy.

[cjsmith.livejournal.com]

I hear ya. And if joedecker is still reading my LJ, he might recount the story of -- I forget, a week after he closed on his lovely 90%-glass* Eichler? -- the 1989 earthquake.

* I exaggerate. But not a lot.

[joedecker.livejournal.com]

It was a couple months after we moved in, yeah, we were "under water" for several years, having bought at the peak.

On the other hand, $295K for a 1500 sq ft 4br 2ba house in a decent neighborhood seems cheap enough today....

PS: Lost a flowerpot in that earthquake, 11 miles from the epicenter. Nothng else.

[brooksmoses]

And me, currently involved in a family member's attempt to refinance a mortgage.... Rates went up a whole percentage point last week alone, even before the recent vote went down.

[cjsmith.livejournal.com]

Oh wow. You're the first person I've known who's working on a refi. (I do know someone who wanted a home equity line of credit for a remodel that would put at least that much value into the home -- it was a kitchen -- and she didn't get it.)