Lost about 20k on a spec home started in 2007.

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Feb 25, 2020
6:59:23am

Florwood All-American

Got out from under it through a short sale.

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Florwood

Bio page: Florwood
Joined: Mar 10, 2010
Last login: May 3, 2024
Total posts: 26,608 (74 FO)

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Messages

Author

Time

POLL: Did you benefit from the housing crisis of 2008-11?

Odysseus

2/25/20 6:49am

Both, was laid off in 2009 but was able to get a discounted home in 2008

permiso

2/25/20 6:55am

Nope. I bought my first home in 2008 at a premium. Sold it a few years later and was lucky to sell it for what I owed.

Cougarrr

2/25/20 6:57am

Too early in my career and I didn’t have any money in 2008.

Pimpin4Paradise

2/25/20 6:58am

Yes and no. Bought a starter home in Utah in 2006 and sold for 10k less in

LiveCoug

2/25/20 6:59am

Lost about 20k on a spec home started in 2007.

Florwood

2/25/20 6:59am

Housing crisis affected a lot more than house prices.

OPINIONS

2/25/20 7:01am

I started a Bk practice fall 2008

OU Cougar

2/25/20 7:05am

Congratulations.

OPINIONS

2/25/20 8:23am

The position I had at work was eliminated.

dratax

2/25/20 7:19am

Yep, this. It took a while after graduation from BYU to get a career job.

fbguru

2/25/20 7:36am

Neighbor with same house sold for over $600k and I only got $425k a couple years

Fdnman

2/25/20 7:02am

Prices stayed low and I got the $8K credit, so yes

CommodoreCoug

2/25/20 7:07am

I think I did

Pro Logic

2/25/20 7:08am

Didn't get my house at Rock bottom, but close to it. Probably wouldn't own a

BYUtka

2/25/20 7:12am

In a period of 4 months I lost my house, went bk, got divorced, got laid off

oohYeah

2/25/20 7:13am

Dang

Odysseus

2/25/20 7:18am

I had a friend that went through most of that between 2010 and 2015

stoils

2/25/20 8:09am

Married in 2008. Short sold her house at the bottom.

Tweege

2/25/20 7:17am

People that were born in the late 70's and early 80's struck gold. 09-14 was a

Food Snob

2/25/20 7:25am

I had no right to buy a house, but did anyway. Working part-time for $14 an hour

fbguru

2/25/20 7:33am

Not really financially at the time...but being an early 20's stock trader ..

mokelembembe

2/25/20 7:31am

I went to Disneyland and the lines were short. I benefited.

webster242

2/25/20 7:43am

My kids were super young at the time. We have pictures in CA Adventure park

crack

2/25/20 11:47am

Yes that it at least corrected the market before the next surge

cougfanz

2/25/20 7:43am

It’s what led me to “buy low”.

Misteak

2/25/20 7:44am

I was maybe 5 years too late in being ready to buy a house.

HONOMO

2/25/20 7:47am

That's how I was. By the time that I graduated and saved up some funds housing

Food Snob

2/25/20 7:52am

The national housing peak was actually in the summer of 2007.

chilango

2/25/20 8:02am

Definitely, but it took some waiting

stoils

2/25/20 8:04am

Both, was laid off in SoCal & moved to Utah

braddahmike

2/25/20 8:11am

I lost 10s of thousands of dollars

Indy Coug

2/25/20 8:13am

Luckily I was relatively unaffected

spinner

2/25/20 8:13am

sold our house of 15 years still had lots of equity bought a house twice the siz

BYU Grounds

2/25/20 8:25am

Best time of my life!

shuaige

2/25/20 8:26am

Food storage industry?

permiso

2/25/20 8:27am

We got screwed. Bought our townhome in 2006. Were stuck there and unable to move until 2016 when we could finally sell

BlueBlood94

2/25/20 8:54am

Sorta? I got a short sale a few months ago here in Vegas. They don’t do them

vegasnative

2/25/20 9:53am

Bought my first home in 2009 as a foreclosure, fixed it up a little and sold it

ray ray

2/25/20 10:05am

Started renting our TH and bought our current house in 2008. Sold the TH in 2017

JONBOY

2/25/20 10:53am

bought our house in 2012, which was the low point for our area (Portland suburb)

IntelCougar

2/25/20 11:55am

I wish.

Gerald-DeGroot

2/25/20 1:58pm

It got me away from Las Vegas summers since I lost job, but at least my 250k home sold for 90k. So, I'd say no.

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