We’ve lived in our house for 4 years now! When me moved, I never would have been able to picture what our life would be like today. Time goes by very quickly. I knew that we would be in this house for at least 5 years. Beyond that, I had no idea.
In the best of times, 5 years should be enough time to pay down your mortgage enough so that when you sell it, you don’t lose money on realtor fees, closing costs, ect., Unfortunately, the “best of times” has actually been the “worst of times” when it comes to selling a home. It’s a perfect time for a new homeowner to enter the market, but it’s a horrible time to sell.
House prices have dropped so much that there was a home listed in Winsted a few weeks ago with 3,000 sq ft, 4 garage stalls, and 5 bedrooms and the asking price was $60,000 LESS than what we paid for our older and smaller home.
This week brought a glimpse of the silver lining of this bad economy. Even though house prices have gone down considerably, we’ve still been paying property taxes based on what we paid for our home. Until next year! We got our tax notice this week and the proposed taxes are going down! A tiny part of me is sad to see on paper that our house is worth less now, but it really doesn’t matter what that piece of paper says. If we were to try to sell our house today, we wouldn’t have been able to get the amount that we have been taxed on so we might as well get a break in our taxes. Does that make sense? So, there is a silver lining!
Anyway, one of them took this photo on the way to work. This is Hwy 25 a few miles north of the Hwy 7 roundabout. The northbound lane is almost completely under water at this portion of the road.
