I save extensively
I'm a savvy shopper
I'm not addicted to unnecessary pleasures
Still - buying this home was a mistake, keeping it is yet another mistake - but since it's depreciated in value and it needs more work - no one wants it.
Your theory rests on the false idea that homes *only* appreciate with value. Homes, however, don't always appreciate in value - even in a good market many homes can LOSE value for reasons beyond your control and MANY people - even with both partners gainfully employed - can't afford a top-notch high-quality home in an area free of troubles that net this result.
To run a bet for 20 or 30 years with only a hope that maybe it'll be profitable is horrible advise to give anyone and it's that same bull idea that led countless people to buy homes they *couldn't afford to keep* and then defaulted- a nd here we are.
Other than the chance of maybe being profitable in 20 years - what does a home provide for you?
My parents did do that - they kept their house for just under 20 years - rented it out during that time to cover the payments for it - and they planned on selling it in 2010 when they knew that my Dad's stay in this state was up and he'd be relocated - so came along this years and they had no choice but to stick with their plan - they sold it and only netted one years pay in profit. Whoopie doodie.
What ended up happening was NOT their careful crystal-globe plan and it did NOT work.
If someone's american dream focuses ONLY on profiting and having a home and all that- they're fooling theirselves.
There are other things in life MORE valuable than that.