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Prices were starting to drop early in the year. I lost my job in September and didn't get another FT job for 18 months (and at $8/hr, that was a huge mistake). I dont remeber the exact trend downward for housing but I paid 140k and until at least 97-98, similar houses were selling for under 100k. They peaked around 04-06 and have dropped a bit again, but not was bad as the 90s. Just **** poor timing on my part.
I bought in '86 and sold in '94 and doubled my money.
I was in my first house for 8 years, the second for 16 and I've been in this one for 9.5 years so far. If I follow one mathematical pattern maybe I'll be here for 32 years, which would take me age 88. OK by me.
Thanksgiving will be 11 years.... previous house was 7 years......
bought this one when the ex and I separated in 2004...... my mother was in a nursing home here in the end stages of multi-infarct dementia or I would have immediately gone back to South Texas.....
Ex bought me out of our business in late 2005 and then couldn't find another job for nearly a year when I started this current business in mid-2006 with a friend.... Mom finally passed in November, 2006, but I was not back on my feet enough to consider selling and moving......
and then we all know what happened to real estate in 2007..... my neighborhood has been hit particularly hard with foreclosures..... one of the houses across the street from me has been foreclosed on TWICE.....
so, I am stuck in St. Louis for the foreseeable future......
This is our second house. Owned the first one 5 years then moved out of state. Otherwise we'd still be in it, and would have been going on year 14.
This current house we've been in it 9 years with no plans to move - our plan is to retire in this house, or sell upon retirement but stay local and downsize. Haven't decided yet. But we've invested a lot of $$ into this current house so we're inclined to stay put until our last breath.
About 7 years. But buying new house soon and renting out the current house.
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