Living in las vegas, nv
We bought a small, 1241 sq. foot brand new home in North Las Vegas for $243,000, January, 2008. We are retired. Today, February 2009, it is worth $169,000. We are so angry that we bought a house in this horrible real estate market and banks won't refinance us because we are not default in our mortgage, like so many others. We are being punished for paying our bills on time. We were conned into buying a SUV at $500 a month payments that's only worth $350 at the most monthly payments. We want to move out of Nevada but are stuck. Can't stand the summer heat. Had planned to stay in home one or two years and sell, now it is worth nothing and we are stuck. making sizable payments in a place I don't like. Most of the country, homes are still pretty stable, but we live in one of the worst real estate markets in the country. Three, four years ago we could have sold a home like this for twice what we paid for it and walked away with a nice profit. Food is getting extremely expensive here and because of high unemployment now, so many people losing their homes, and just the overall high cost of living here, we live in North Las Vegas, the newest, very nice part of town, the crime is going up, which we had little of before. I had wanted later on to move to London, England, but it is the world's 3rd most expensive city. My daughter lives in Germany, and because I am married to a much older man who is quite sick, she wants me to move in with her and her family, if he should pass on. They have a big house in a village and mother in law apartment but I am not sure I will like Germany enough to move there. It is also very expensive but her husband is a banker and makes very good money and they can afford it. In two months I am going for a visit as well as a week in London, just to check things out. I will also be checking out Canada. Nevada is not an ideal place to move to at this time, unless you have money, you can get a beautiful home at next to nothing. There are very few jobs, brand new shopping centers are sitting empty. We are in a depression, not a recession
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