I have entered the stage of the housing crash known as capitulation.
2 a: the act of surrendering or yielding b: the terms of surrender
I have reached the point where I realize I am not going to be able to sell my condo. With much nicer units languishing on the market for months, priced 10% below what I paid for my inferior unit, I realized that there is no hope of selling and I have given up.
It has almost left me with a sense of peace, I liken it to someone realizing that they are going to die and understanding that there is nothing they can do about it, the person reaches a point where they accept that fate and are at peace with it.
I am have acceped the fact I cannot sell my condo and I will be stuck here for a long time. I am going to make the most of it by re-painting it, getting rid of some old furniture, and maybe buying a nice book shelf.
I am going to try and be thankful that I live in a place that costs me less to own than equivlent rent in the area, and be thankful that I do not live in bubble markets like Miami or California where I could be a lot worse off and actually be renting the same house for cheaper.
I have entered the stage of housing capitulation, and I am at peace.
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