Dream House or Nightmare?

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typical young couple wanting the moon. Houses appreciate 5% on average but you live in the house for the home not for the investment. My house didnt appreciate until 10 years later but im still in the house. 5% average. I lived there for the home and area not investment. If they stay there for another 6 years they will get there money plus some.

Well, it's too bad that his "investment" has increased $75,000 the minute he had the last nail driven... poor guy. I guess he'll just have to live in the place for a couple of years, wait for the market to turn around, and then wait 5 more years for the next boom.... such a sad tale. Unlike those people who scrimped and saved to buy a modest $100K house and had it loose $20K in one year and are now upside down on their mortgage and they don't have all the luxury appointments.... Sorry, can't get all teary-eyed about this one.

Newsweek- This is not a sad story! Please go to this link and read a real sad story! You might consider doing a story about a real injustice in our country!! http://www.dontmakehermad.com/forum/index.php?topic=38.0 Even if the guy in this story is even half well off, I don't think you can compare the nightmare this guy is living!! Read this story Daniel and do your job, you might take less criticism!

So, let's get this straight you live in a home for a year an expect to flip it for a financial gain. First I would not put pricey extras in a house if you intended to flip it? as a contractor you should knoe better. Also it's hard to feel sorry for someone who lives in a 750,000 house and CAN actually afford the mortagage. What thats not good enough for you ? it's just never enough is it. Like the saying goes I cried because I had no shoes till I met a man who had no feet !! be thankful for what you have. Normally people stay in a home and enjoy it after 4 or 5 years things will get back on track then you can sell it , buy one for 1 million and cry how poor you are again .

Change the name of the magazine to Fluff Week. Soldiers are dying abroad without body armor and poor Mr. Rich Fob is crying because he spent three-quarter-million dollars on a HOUSE?! There are people living in Florida on the street starving! What a jerk, he ought to be worried about the fate of his immortal soul.

My husband and I re-built our home during the high tech boom in the 90s by selling stock. The stock price kept going up during the project and contineud going up aftewards, leading my husband to lament that we sold it. Well, that stock is now about 50-60% of it's value. (my $100k company stock is worth $3k!) However, the cash value was captured in equity. Despite a reduction in value (I don't check it very often!) our house will still be a good investment (over 2x value in 10 years). Ultimately, it is the home we have filled with love and family.

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The Housing market gose in cycles as dose the stock market Hystoricly you could expect to recieve a 6 % return on investment In apreation given the rapid increase over the past few years one would expect a slow down or retraction from current highs the cuple inquestion I have know sympathy for. they should be proud of their accomplishment and look foward to the return sure to come on their investment

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The Housing market gose in cycles as dose the stock market Hystoricly you could expect to recieve a 6 % return on investment In apreation given the rapid increase over the past few years one would expect a slow down or retraction from current highs the cuple inquestion I have know sympathy for. they should be proud of their accomplishment and look foward to the return sure to come on their investment

Based on my read through of the article, it sounds like this guy and his wife built this home in hopes of a quick return on their investment. Obviously with the home market the way it is right now, that's not going to happen. Furthermore, even if they did flip the home and profit, chances are they'd just be boohooing about capital gains taxes. Live in the beautiful home you built (and area lucky enough to be able to afford) and quit your whining.

I don't understand why so many people feel the need to build a gargantuan home these days. It's ludicrous.

The thing is you purchase a house to provide shelter for either yourself or for your family. And of course you want it to be a sound invesment, who would'nt. But common sense should tell you that you don't put more money into a house than the market for that community or that area can hold. If the houses in your area top out at 350k-ish why would you put twice as much money into building a property there, that is just plain stupid! People who can afford a house for 750K want to be in a community where that is the average price, they don't want to be in a neighborhood where that house is obviously over priced! even by half of the price, which I hope is what the article is saying.