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JERRY2KONE · **Tough spot. -** 01.03.2012, 05:45 PM

We're all in kind of a tough spot right now with our homes. We have a house in California that is upside down as well, but what can we do. So we have it rented out to a nice family to cover a good % of the mortgage so we just have to wait it out. We had to draw about $40K out of our 401K to do a complete renovation to the hoiuse just so we could get it rented out. Man did that hurt when we did our taxes for last year.

Thousands of people are also stuck in just the same way. They cannot move to another city for a job, because they are stuck in a house that will never sell under the present situation. I hope it all works out for you one way or another. We keep hearing hints of a recovery, but without some significant change in our Gov and economy I dont see how it is going to change anytime soon. I still think there is more trouble on the horizon. Especially looking at the presidential candidates we have to chose from.

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JERRY2KONE JERRY2KONE SUPERMAXX Offline Posts: 3,452 Join Date: Sep 2006 Location: HAYMARKET VIRGINIA	Tough spot. - 01.03.2012, 05:45 PM We're all in kind of a tough spot right now with our homes. We have a house in California that is upside down as well, but what can we do. So we have it rented out to a nice family to cover a good % of the mortgage so we just have to wait it out. We had to draw about $40K out of our 401K to do a complete renovation to the hoiuse just so we could get it rented out. Man did that hurt when we did our taxes for last year. Thousands of people are also stuck in just the same way. They cannot move to another city for a job, because they are stuck in a house that will never sell under the present situation. I hope it all works out for you one way or another. We keep hearing hints of a recovery, but without some significant change in our Gov and economy I dont see how it is going to change anytime soon. I still think there is more trouble on the horizon. Especially looking at the presidential candidates we have to chose from. SUPERMAXX YOUR LIFE.