Deal or No Deal

To keep the real estate category up to date, I should also mention that V and I still own one house too many. Some weeks ago, we were certain that we had a buyer for our PA flip property, but they turned out to be wayyy more trouble than good.

So here we stand, 8 months down the line... two price reductions later (a $12000 total slash) and holding on to the break-even line by a thread. I'm still optimistic that we won't have to take a loss on the property; so my level of anxiety is still miniscule, at best... But it still might take a while to adjust to going from a $20K paper profit to a $2000 reality. The profit might've been paper... but man oh man was I making room for it in our bank account. When you get into things like this, you start off by staying things like, "worse case scenario we'll break even"... but gee whiz, nobody really wants to see that happen.

But what can you say... The market has been an absolute beast this year for sellers (neither of our neighbor's houses never sold either). And for us it has brought very close to home the terribly trite proverb of winning some and losing some. The inventory of homes on the market right now is simply saturated beyond belief. Last year this time there were about a 1000 houses on the market where our flip property is located. This year I think the number is over 4000.

With any luck (i.e., by the grace of God) we certainly hope to do our part to reduce that number by one.



Oh happy day.