Dream House or Nightmare?

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this is a story about ordinary privileged Americans EXPECTING to get money for NOTHING! Greed has infected these people and they need to be an example for all others thinking of building a home with ZERO experience

This is what you get for getting greedy. Be thankful for what you have before asking for more.

Instead of whining about the value of his home, he should be grateful that he and his wife had the funds to do what most of America dreams about. This article did not highlight the mortgage problems facing many of us, it instead showed the greed and silliness of some of the more fortunate. This man is looking at life the wrong way round, he should not have built a dream home with the hopes of a quick profit, he could have invested in some less expensive homes and then tried to sell them. Tthe article just serves to make him sound like a fool and an arrogant one at that.

stupid

I have little to no sympathy for people who try to make a quick buck flipping real estate. Maybe...BEFORE spending so much money on a house, they should have considered the possibility that the housing bubble wouldn't last. People who bought more house than they could afford (not the case with the family they mentioned in this article) got what they deserved. Some of us recognize that you can't have everything you want as soon as you want it. Some of us understand that you have to SAVE MONEY and DELAY GRATIFICATION to truly be able to afford a house. And...maybe the first house you buy isn't your dream house...you don't deserve something because you want something.

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I am stuck in a tiny overpriced apartment because with 2 incomes we can't afford a tiny overpriced house (DC area). I cannot feel sorry for someone with a house, yard, family, and plenty of disposable income.

Oh, look at me and my fancy car and my bank account
Oh, how I wish I could take it all down to my grave,
God knows, I'd save and save
Man, take a look again,
take a look again
All the things I have collected
Well, in the end it all will pile up so tall
to one big nothing
One big nothing at all

I agree with the author. Several years ago I sold my house 2500+ ft2. I bought a 1500 ft2 condo. I travel much of the time and did not need the care requirements of the house. I placed some of the money from my home into the condo and some into the bank. My wife and I do not spend too freely but we do have $3 lattes and eat out too much. I missed out on putting large sums in to my IRA earlier in my life, so now I play catchup but with some serenity about the future.

Cry me a river - we should all have such problems!

Yoo, Rodger, chill out. Unless you have to sell out in the next ten years your in good shape. The market will return, it always does. I bought my house in July 2005 and knew the market was ready to bust, didn't care because I'm going to own it for at least 20 years. I won't be refinancing the mortgage (Va, 30 yr fixed at 5.5%) so I an wait for the rebound. As for the dumb butts with exotic mortages that are biting them in the rear now that they have readjusted, YOU GET WHAT YOU DESERVE. And I really hope the government doesn't do anything to bail out you or your finance company for being such DUMB BUTTS. If you couldn't afford a 30 fixed rate, you couldn't afford the house, DUHH.

This owner sounds more like a house flipper than a real owner. If you have built a house that you love and it more than meets your needs, I don't understand the rush to get an ROI out of it. Like all marketing corrections in the history of this country, eventually things turn around. Sounds like they built a great house, so just enjoy it. Since it doesn't seem they need more house, where do they plan to go in 2-3 years and why? I am not saying stay for 30 years, but why not 5-10?

The only purpose of this article is to piss the average American off. These people make me sick!

Ditto!

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