Posts Tagged ‘Economy’

My Old New Jersey Home (In the Age of Economic Meltdown)

Wednesday, July 16th, 2008

The address isn’t on this listing, but if the map is correct it appears that the buyers of the house I grew up in are headed for foreclosure.

Nothing brings out the shark in me quite like the prospect of picking up the family homestead for a song. Big, big yard, all those memories.

Then again, big, big yard, all those memories. Exactly why I didn’t buy the house before. And even at 20 percent off the mortgage balance it isn’t exactly cheap.

In the cool light of day, we are reminded that three quarters of a million dollars is a lot of money, even for a house.

http://www.trulia.com/foreclosure/2002189395–Pollard-Rd-Mountain-Lakes-NJ-07046