Archive for July 30th, 2008

I made some really bad decisions. Well, okay so that is not that big of a deal as we all make really bad decisions at least once in our life. Course for me it is more like once in a week it seems. The thing is that when we sold our last house I was the dummy who was in an immediate rush to run out and buy another one as soon as possible. I had made a killing on our last house. I bought when the market was just starting to boom and then sold when it was at its peak. Of course at the time I thought the market was only going to get better so I went out and reinvested that money back into more real estate. The market dropped and here I am sitting on a bunch of land that is not worth half of what I paid for it. Now I am in need of some serious Debt consolidation to try and get things back to the way they were. I have looked into Debt relief and Debt help from several different places and have found some things that I think can get me through.

The whole thing though makes me think what about the people with the real money. I mean the celebrities out there who have bought 20 million dollar homes, where are they sitting right now. Where I may have been a hundred thousand or so buried how many millions have they lost in this whole market drop. Guess we all lose when the economy goes down, even the rich and famous.
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07/30/2008