Dream House or Nightmare?

I'm not sure why Newsweek is reporting on this story. I feel no sympatic for the Rogers. If they build a dream house and have no problem with money than live and enjoy it. Why worry about how much it is worth in the future. These are the type of people that screw up the housing marketing. They want to build a mansion and hope to sell for more. Well, too bad. ..they got trap with it!

cry me a river!! atleast they have a house which many of us aren't forturnate enough to buy these days with the average cost of a house way beyond what we can afford, even with a well paying job.

Give me a break!! I own a one bedroom condo that's probably smaller than the Elliott's walk in closet. Recently, health issued have forced me to put most of my salary into medical care and I stand a good chance of being laid off my job within the next 6 months. Talk to ME about fear! Maybe this guy should have invested his money smarter. If his wife loves the house so much and his neighborhood thinks it so great, then maybe they can all pitch in and start a "I'm-financially-secure-but-feel-sorry-for-me-anyway" fund. I'll tell the Elliotts the same thing someone told me: "It can ALWAYS be worse!!"

He has a warped sense of what a nightmare is. Too bad he invested in things rather than his family.

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Mixed feelings here. On one hand, they had the money to build what they wanted, put in it what they wanted and gambled. Yes they used it like some use the stock market...On the other hand, they really shouldn't (in my opinion) worry too much because as life has always showed us, what goes up, must come down, and our economy has always done just that; it's up for awhile then down, then up then down. Geez, life here is like a rollercoaster. If you don't want to ride it, then live in an apartment. But on the third hand, I wouldn't mind having a really nice home to live in, one with a theater room, larger than I have now bedrooms and more space to rearrange my livingroom. And why would I go and spend all that money when others don't have it? Because it's my money, I worked for it and I don't owe anyone in this country anything, and if it all goes south, then I'll deal with it as it comes and do what we all have to do....ride out the storm best I can. I can't believe anyone would even suggest they should have donated money to people in need of a house. People here tend to think someone else owes them something because they picked the wrong career and can't afford the better things in life. B/S to that. Greedy to an extent, yea. I worked honestly for it, saved for it, didn't stab anyone in the back to get it, so it's mine to do with what I want. The difference between me and the Elliott's is, I would stay in my dream home for life, not worry about its resale because I would not plan on moving. So if the house hit bottom but I still loved it, who cares, I'd have what made me comfortable and be proud of what I had.....not a gloter, just proud privately. But then again, that's how I was raised...I'll have the same truck till all I have to trade in on a new one is the turn signal.

Quit your whining.

This is a bogus story. They actually built at the right time. They have their dream house and get to live in it when the market is low. When the market rebounds like it always does they can sell, make money, and they would have used the house for however many years it took. The new owners will have to do all the updating. Dan get off the "Mc Ginn" sober up and find something to write about.

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Eh? Who cares!? Could you at least TRY to pretend that you're writing about real ordinary people...? A "nightmare" to loose a little on a "future investment"? A "nightmare" is when something happens to your kids, or you live in a warzone or - as a minimum - you loose your home. Theese people aren't loosing anything, are they? And come on - it's been a year! Even an airhead knows that there are ups ands downs in this specific market, and if they are really in it fr the long term, a set back won't matter. Bah - I'm so sick of journalists trying to make headlines instead of news.

Eh? Who cares!? Could you at least TRY to pretend that you're writing about real ordinary people...? A "nightmare" to loose a little on a "future investment"? A "nightmare" is when something happens to your kids, or you live in a warzone or - as a minimum - you loose your home. Theese people aren't loosing anything, are they? And come on - it's been a year! Even an airhead knows that there are ups ands downs in this specific market, and if they are really in it fr the long term, a set back won't matter. Bah - I'm so sick of journalists trying to make headlines instead of news.

Don't panic I've seen house value go and come... you have plenty of time to get it paid for if all goes welll... put monies away for later to go with your expected home value going up again before long.. that may be a few years.. but so what you have to live someplace it;s better than throwing it away on rent..
There isn't a one plan to go with for retirement.. more plans are better .. I know from where I speak.. I'm now a widow.. we paid off our home before we moved into this home ( new we built it custom...) when we were in our 30s ...lived here until now.. I have to live on social security ... plus the IRA .. not very large.. but it's there...savings.. I'm now age 67 ...and a widow of 3 yrs yesterday.. He had never been sick.. then on his 70th birthday we found he had a brain tumor...CANCER we were told.. the kind one doesn't get to live with... we knew from the beginnign he would NOT live long.. we made the decisions we needed to get on with ...we sold our small rental house.. I banked the funds for a car ( I might add I sold the property after he passed away.)..later if n when it will be needed...I have always been healthy ..never had to take all those meds that so many are taking.. what a blessing.. I've said this to let you know .. All plans don't work out as we plan or think will happen...
Take your time.. never rush into a decision.. unless it's shoved on you .. as stated above..Look to tomorrow as it will most often come to you...Enjoy your home...your family...be greatful you have both..get ready for your retirement years.. DO NOT spend your savings on a College Education for your children ...they can mamage that part of their lives.. unless you can afford it ..and never use your retirement for their use.. unless it is for medical reasons to help them out.if you do decide to help out make sure it's written in a contract form so there's NO mis-understanding if it is to be repaid...FAMILY is the very worst at taking advantage to NOT repaying a loan under the guise of "oh they can afford to give it to us". maybe so..but will they do the same for you if it were reversed?

My opinion and lessons I've learned along the path of life.

Georgia

With the way the economy is right now, who wants the expensive house. My husband and I just got married and bought a 1800 sq ft house and couldn't be happier. It blows my mind why people feel they need to keep up with the joneses to be accepted. I rather not struggle to make ends meet. I have friends who've spent thousands of dollars on a fancy wedding, etc. and are still renting. "Hello" am I missing something here.
That could have

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Eh? Who cares!? Could you at least TRY to pretend that you're writing about real ordinary people...? A "nightmare" to loose a little on a "future investment"? A "nightmare" is when something happens to your kids, or you live in a warzone or - as a minimum - you loose your home. Theese people aren't loosing anything, are they? And come on - it's been a year! Even an airhead knows that there are ups ands downs in this specific market, and if they are really in it fr the long term, a set back won't matter. Bah - I'm so sick of journalists trying to make headlines instead of news.

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