A little venting is in order today.
I happened upon an article this morning lamenting over the crummy housing market in California. The author of the article stated, "If you're a homeowner in California, you have lost some value on your property this year."
Really?! What a shock! (Sarcasm is intended here). No kidding, Einstein, I thought to myself. Saying that California homeowners have lost some value in our homes is a gross understatement. Let's put it a little more plainly: The housing market in California is totally in the toilet. 35% of all the homes I see on the market in California are listed as "Bank Owned" or "Foreclosure". When 35% of the homes in California are in foreclosure or are bank owned, you can just imagine what that does to the value of the rest of the homes in the area.
3-1/2 years ago, my husband and I purchased a brand spankin' new home and we spec'd our home with several beautiful selections of builder upgrades of our choosing from premium ceramic tile flooring throughout, upgraded granite countertops, upgraded cabinetry throughout as well as pre-wiring for entertainment and surround sound in our family room to name but a few of our builder upgrades. Why did we select so many upgrades, you ask? Well, the return you get on such upgrades are typically well worth their investment and boost the overall value of your home so it was a no-brainer to make these kinds of upgrades to our home. We've lived in our home for only 3-1/2 years, and have really loved our home as well as our neighborhood!
Unfortunately, over the course of this last year we have watched our home value plummet....in fact, we just recently received our homevalue report, distributed by the county assessor's office, and our home is presently being assessed at $180,000 LESS THAN WHAT OUR MORTGAGE IS! $180,000 LESS THAN WHAT WE FIRST PURCHASED OUR HOME FOR JUST 3-1/2 SHORT YEARS AGO. Talk about being annoyed. Talk about being, sorry to use such strong language, but talk about being pissed.
What's more, the article I referenced at the beginning of this post went on to say that, "It will most likely be 7-10 years before home values return to their former values."
7-10 years. 7-10 years. I kept reading that over and over again. The more I read it, the more annoyed I got...and, to make matters worse, there is the reality that there are folks now moving into our neighborhood who are purchasing our exact home for half the cost. Now, that's a little deflating, isn't it?
Well, anyways, I don't usually use Twinsanity as a platform to vent, but a little venting and stewing was exactly what I was doing today after I read that article this morning. And, well, now that I have vented, I suppose I do feel a little better...I guess I just had to get some of that off my chest.
Welcome!
Welcome to my blog - it's like a diary only better. This is my soapbox containing a collection of my thoughts and the experiences of my life raising twins.
Prior to this blog, prior to marriage and prior to the twinsanity that I now call my life, life was quite different for me. When you visit this blog, you won’t find me writing much about my life pre-twins – I hope that’s okay. Why? You ask. Because life with twins changes everything and my life pre-multiples is now just a dizzy, distant memory. And while it’s true that life years ago may have been a little more glamorous, the life I live now is a whole lot more rewarding and I wouldn’t trade it for anything.
I’m glad you’ve stopped by...there’s a really strong chance that I won’t offer anything extraordinary here, but by the same token there is also the possibility that you will experience a taste of the adventures, challenges and many joys that come with my life with twins. Hopefully that will be enough to bring you back here again.
Prior to this blog, prior to marriage and prior to the twinsanity that I now call my life, life was quite different for me. When you visit this blog, you won’t find me writing much about my life pre-twins – I hope that’s okay. Why? You ask. Because life with twins changes everything and my life pre-multiples is now just a dizzy, distant memory. And while it’s true that life years ago may have been a little more glamorous, the life I live now is a whole lot more rewarding and I wouldn’t trade it for anything.
I’m glad you’ve stopped by...there’s a really strong chance that I won’t offer anything extraordinary here, but by the same token there is also the possibility that you will experience a taste of the adventures, challenges and many joys that come with my life with twins. Hopefully that will be enough to bring you back here again.
