OhIsee.Then
DP Veteran
- Joined
- Feb 14, 2011
- Messages
- 1,581
- Reaction score
- 277
- Location
- MI and AZ
- Gender
- Male
- Political Leaning
- Other
We got some. Why didn’t you get yours? We had some of our investments in bank stocks, part of our portfolio. We sold our AZ house near peak and replaced it with an MI house purchased from a distressed seller (their fault). In the past three years we have bought four houses (3 and 1 condo) in the Phoenix area. Getting ready to sell one that was purchased for 92k a year ago from banks (short & 2 lenders) that we think will go for about 150K now. I’d ‘guess’ that the banks took a bath. Our guess it that the first lender had loaned a little over 200K a few years before we purchased it and there was a second loan. We’ll wait a bit longer to sell. So some of our tax money went to rescue the banks? Damn! But we had somebody to deal with instead of dead banks and no one to deal with.