Housing & the 'bob

About a little over a month ago, we put in an offer on a house we like in town, but we’ve been waiting & waiting for a response – it’s a short sale, and the Bank is the holdup, unfortunately. All the other interested parties have accepted, but since the bank is owed more than we’re offering (or even what it’s listed for, for that matter), they have final say. This decision – apparently – takes months.

At first when they “accepted” our offer, we thought to ourselves “yay we’re getting a house,” but those hopes were quickly doused with a cold bucket of reality I like to call “large corporations suck.”

We didn’t want to be sitting around twiddling our thumbs just waiting on them to say ‘yea’ or ‘nay’ – even though we feel it’s probably a ‘yea’ – and have all our eggs in one basket. So we’ve continued to look about. Unfortunately, a lot of the homes around here are still overvalued, and the ones that are respectably-priced are just missing that ‘something’ we’ve found in the house we’re waiting on.

We’ve made a few additional offers on other properties we liked almost as much, but they were rejected. And so, we wait.

This totally sucks. We’re a two-income family, and we’re not shopping for a mansion. And we’re good with our money. And yet, we still can’t seem to find suitable housing arrangements. And this is why I’m all for letting the housing fiasco fall completely flat on its face: yeah some people will lose the house they can’t afford, but in the long run, it will ensure that more people are able to find a place they can afford comfortably. Even the ones who are “losing” now.