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18 April 2008 @ 05:52 pm
Not leaving, looks like...  
As many of you know, we've been trying to sell our house prior to moving to Pittsburgh. It's been on the market since mid-January, which was a rather tumultuous time in the housing market. It's now a less tumultuous time, at least in Fremont, and the market is churning on semi-steadily, so it looks a bit less like chaos. However, it also looks like we're significantly above market price, and we're just not likely to sell.

While it's possible to rent the place out, directly or through a company, we don't want that level of financial exposure -- having to pay full price with minimal down-payment in Pittsburgh *and* having this place to manage means both expense and exposure to market changes. It also means the house becoming run-down, because rental property does that, which would suck when we *could* sell it again.

So instead, we're planning to stay here for awhile. We've told a few people when they've asked, but here, you folks can all have a mass announcement instead.

We haven't actually taken the house off the market yet, though that's likely to come soon. We just really don't expect it to sell.
 
 
 
safyasafya on April 19th, 2008 01:31 am (UTC)
i'm sorry to hear that. sorry you guys can't do what you were trying to do, and also sorry for myself because i was really looking forward to having more cool parenting types around. at least you're stuck in an awesome area.
David: The real meeztsgeisel on April 19th, 2008 01:35 am (UTC)
Pittsburgh's loss is our gain. Or, since nothing has actually happened yet, their un-loss is our status quo.

The market will change. Pittsburgh will still be there. And in the meantime, you're employed, with a house, among friends, and about to be a daddy. Life could be a lot worse.

vito_excalibur on April 19th, 2008 02:23 am (UTC)
IAWTC pretty hard!

Sorry things aren't working out like you planned, and it's lame that it's because of something as arbitrary as the housing market! But I hope that they will work out in new & unxpected ways.
IANALqueen_elvis on April 19th, 2008 11:55 pm (UTC)
Oh foo, I just told poniewaz+ that you're moving back. She and her husband might be too, depending on his work situation.
Krissyrightkindofme on April 20th, 2008 12:07 am (UTC)
We are still trying. Stupid housing market.