Comments on: A little ditty about Jack and Diane http://omegamom.com/2007/09/13/a-little-ditty-about-jack-and-diane/ A "good enough" mom muses about alpha moms, adoption, computers, the State Of The World, Internet quirkiness, and the Kosmik All Wed, 23 May 2012 15:56:28 +0000 http://wordpress.org/?v=2.6.1 By: MommyWithAnAttitude http://omegamom.com/2007/09/13/a-little-ditty-about-jack-and-diane/#comment-4239 MommyWithAnAttitude Wed, 19 Sep 2007 04:53:27 +0000 http://omegamom.com/2007/09/13/a-little-ditty-about-jack-and-diane/#comment-4239 Yes, I know this story and so many more with much more tragic outcomes. And I too live in an area where home values are still appreciating. I write about them sometimes on my work blog -- people really get in over their heads sometimes. Yes, I know this story and so many more with much more tragic outcomes. And I too live in an area where home values are still appreciating. I write about them sometimes on my work blog — people really get in over their heads sometimes.

]]> By: omegamom http://omegamom.com/2007/09/13/a-little-ditty-about-jack-and-diane/#comment-4216 omegamom Mon, 17 Sep 2007 04:31:54 +0000 http://omegamom.com/2007/09/13/a-little-ditty-about-jack-and-diane/#comment-4216 Spacemom--I'm sorry for your friend. And I bet Boston was quite the sticker shock! Val--I am so envious...while it's nice to be in our house and it's light and airy, I drool over the Lindahl cedar homes. And a $27K price tag makes me want to go back in time. Of course, I could have purchased a nice condo in Chicago at the time for about $45K, and almost did. Lisa--It sounds like you did your homework. The problem is so many people didn't... SheOfLittleBrain--Hah! I did the memes! Spacemom–I’m sorry for your friend. And I bet Boston was quite the sticker shock!

Val–I am so envious…while it’s nice to be in our house and it’s light and airy, I drool over the Lindahl cedar homes. And a $27K price tag makes me want to go back in time. Of course, I could have purchased a nice condo in Chicago at the time for about $45K, and almost did.

Lisa–It sounds like you did your homework. The problem is so many people didn’t…

SheOfLittleBrain–Hah! I did the memes!

]]> By: omegamom http://omegamom.com/2007/09/13/a-little-ditty-about-jack-and-diane/#comment-4215 omegamom Mon, 17 Sep 2007 03:21:51 +0000 http://omegamom.com/2007/09/13/a-little-ditty-about-jack-and-diane/#comment-4215 Figlet--I see the number of people who don't realize just how much their plasma TV is going to cost them when they use IO/ARMs to get the money as an indictment of our educational system. The writing *was* on the wall, for quite a while, but so few people looked... Carosgram--That sounds lovely! Both the house *and* the price. And western NY to boot... Miss C.--Paid off. What a beautiful thought. I read your tale of your contractor's work; what a pain! Noreen--"House poor" is definitely what is going on in areas such as California, metro New York, the East Coast. There are people who are paying 60% of their income for housing! Ack! As for how the dotter is settling in--I think this will be a post this week. Jess--I'm glad you avoided the ARM. Quick answer: the move has been dreadfully unsettling for the dotter, but being in our house and having our stuff again has made quite a difference. Figlet–I see the number of people who don’t realize just how much their plasma TV is going to cost them when they use IO/ARMs to get the money as an indictment of our educational system. The writing *was* on the wall, for quite a while, but so few people looked…

Carosgram–That sounds lovely! Both the house *and* the price. And western NY to boot…

Miss C.–Paid off. What a beautiful thought. I read your tale of your contractor’s work; what a pain!

Noreen–”House poor” is definitely what is going on in areas such as California, metro New York, the East Coast. There are people who are paying 60% of their income for housing! Ack! As for how the dotter is settling in–I think this will be a post this week.

Jess–I’m glad you avoided the ARM. Quick answer: the move has been dreadfully unsettling for the dotter, but being in our house and having our stuff again has made quite a difference.

]]> By: sheoflittlebrain http://omegamom.com/2007/09/13/a-little-ditty-about-jack-and-diane/#comment-4190 sheoflittlebrain Sat, 15 Sep 2007 17:08:57 +0000 http://omegamom.com/2007/09/13/a-little-ditty-about-jack-and-diane/#comment-4190 I agree! A variable interest rate loan is a ticking time bomb! On the bright side-you're the lucky winner of not one, but TWO meme tags. See details at The One Acre Wood. I agree! A variable interest rate loan is a ticking time bomb!
On the bright side-you’re the lucky winner of not one, but TWO meme tags. See details at The One Acre Wood.

]]> By: lisa http://omegamom.com/2007/09/13/a-little-ditty-about-jack-and-diane/#comment-4181 lisa Fri, 14 Sep 2007 18:09:26 +0000 http://omegamom.com/2007/09/13/a-little-ditty-about-jack-and-diane/#comment-4181 Yeah-I took an ARM when I moved out of state in 2005 (don't tell my dad) because I needed to move for my new job into a higher cost of living area and was still selling my rental property-figured I would refinance as soon as that sold. Wasn't worried because my house sold the first day on the market and I had a buyer lined up for the duplex-but it all went downhill from there and took a year to sell the duplex. I lost a lot of money, though I have my house and all that-crazy crazy crazy. Of course, I had calculated the risk and thought the odds were in my favor. Can't imagine the people who went in blind. Btw, my duplex lost value rapidly due to the city cutting after school programs and gang recruitment skyrocketing (my buyer backed out because his son was mugged-something that never happened in the 7 years I lived in the neighborhood)-slippery slope... ~lmc Yeah-I took an ARM when I moved out of state in 2005 (don’t tell my dad) because I needed to move for my new job into a higher cost of living area and was still selling my rental property-figured I would refinance as soon as that sold. Wasn’t worried because my house sold the first day on the market and I had a buyer lined up for the duplex-but it all went downhill from there and took a year to sell the duplex. I lost a lot of money, though I have my house and all that-crazy crazy crazy. Of course, I had calculated the risk and thought the odds were in my favor. Can’t imagine the people who went in blind.
Btw, my duplex lost value rapidly due to the city cutting after school programs and gang recruitment skyrocketing (my buyer backed out because his son was mugged-something that never happened in the 7 years I lived in the neighborhood)-slippery slope… ~lmc

]]> By: Val http://omegamom.com/2007/09/13/a-little-ditty-about-jack-and-diane/#comment-4179 Val Fri, 14 Sep 2007 07:28:15 +0000 http://omegamom.com/2007/09/13/a-little-ditty-about-jack-and-diane/#comment-4179 Ahhh, the late 80's in the Valley. It was called "Death Valley" in those days. We bought a Lindal cedar chalet on an acre in city limits for $28,000. There was no traffic anywhere, and a nice new high school sat boarded up... no kids to fill the halls. :) Ahhh, the late 80’s in the Valley. It was called “Death Valley” in those days. We bought a Lindal cedar chalet on an acre in city limits for $28,000. There was no traffic anywhere, and a nice new high school sat boarded up… no kids to fill the halls. :)

]]> By: spacemom http://omegamom.com/2007/09/13/a-little-ditty-about-jack-and-diane/#comment-4175 spacemom Thu, 13 Sep 2007 23:07:32 +0000 http://omegamom.com/2007/09/13/a-little-ditty-about-jack-and-diane/#comment-4175 I grew up in WNY, so moving to BOSTON was a sticker shock. When we bought our first house a friend bought her's. They got an ARM, we got a fixed mortgage. Guess who had to move within 2 years because they couldn't keep up with the payments? Sigh... It is sad...And the lenders laugh all of the way to the bank. I grew up in WNY, so moving to BOSTON was a sticker shock. When we bought our first house a friend bought her’s. They got an ARM, we got a fixed mortgage. Guess who had to move within 2 years because they couldn’t keep up with the payments?

Sigh…
It is sad…And the lenders laugh all of the way to the bank.

]]> By: Jess http://omegamom.com/2007/09/13/a-little-ditty-about-jack-and-diane/#comment-4174 Jess Thu, 13 Sep 2007 23:01:23 +0000 http://omegamom.com/2007/09/13/a-little-ditty-about-jack-and-diane/#comment-4174 I would love to live in Western New York. I have friends that just moved there. ;) My husband, when we bought our house in 2003, refused to have anything to do with an ARM, and thank goodness. Also, thank goodness we bought our current place before the mortgage issues. I'd also like to know how you're settling in? How's the Dotter? My daughter (just turned 5) had some major issues when we moved, and we just moved to the next town. I would love to live in Western New York. I have friends that just moved there. ;)

My husband, when we bought our house in 2003, refused to have anything to do with an ARM, and thank goodness. Also, thank goodness we bought our current place before the mortgage issues.

I’d also like to know how you’re settling in? How’s the Dotter? My daughter (just turned 5) had some major issues when we moved, and we just moved to the next town.

]]> By: noreen http://omegamom.com/2007/09/13/a-little-ditty-about-jack-and-diane/#comment-4173 noreen Thu, 13 Sep 2007 22:16:34 +0000 http://omegamom.com/2007/09/13/a-little-ditty-about-jack-and-diane/#comment-4173 Like carosgram I too live in Western New York with it's amazingly low-cost housing stock. I've never quite understood being "house poor" but maybe because it's never been an issue in this part of the world. But the big question is, how are you settling in? Have you been to the Alaska museum in Anchorage yet? The last time I was there it was great. Like carosgram I too live in Western New York with it’s amazingly low-cost housing stock. I’ve never quite understood being “house poor” but maybe because it’s never been an issue in this part of the world. But the big question is, how are you settling in? Have you been to the Alaska museum in Anchorage yet? The last time I was there it was great.

]]> By: Miss Cellania http://omegamom.com/2007/09/13/a-little-ditty-about-jack-and-diane/#comment-4172 Miss Cellania Thu, 13 Sep 2007 21:13:27 +0000 http://omegamom.com/2007/09/13/a-little-ditty-about-jack-and-diane/#comment-4172 I bought mine for a price that would shock all of you and paid it off in ten years. So I'm living mortgage free now, even thought its falling apart (posted about that today). Looks like I will be stuck with it forever... about every third house I see in this town has a "for sale" sign in front of it. I bought mine for a price that would shock all of you and paid it off in ten years. So I’m living mortgage free now, even thought its falling apart (posted about that today). Looks like I will be stuck with it forever… about every third house I see in this town has a “for sale” sign in front of it.

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