Like pretty much everyone who purchased a house before 2007, I’m still trying to make my peace with the fact that my one time castle is worth about what it would have been had I bought it in 2002. It doesn’t quite make me want to jump off a bridge, but it does cry out for me to bash my head repeatedly against a blunt surface. I never expected my house to make me rich, but I had hoped it would, at least, have the decency not to make me poor. Since I had the foresight to buy just at the peak of the market, I’m doing my best to make peace with probably always having a house in Memphis… Unless it burns to the ground or otherwise gets smited by the finger of an angry God, the chances of being able to sell the place and just break even anytime in the next two decades would appear to be running somewhere between slim and none. That’s an obnoxious reality that I’m doing my best to ignore for the time being.
We’re a nation of 300 million souls and growing. They all have to live somewhere right? Surely at some point someone will be interested enough in a nice three bedroom, two bath house in Memphis to not make me feel like the prettiest guy in the prison shower when we get to the closing table.