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Mother Effer: Housing related
We did not get the house. And you wanna know why. The winning bidder came in with ALL CASH (and higher than our bid). No mortgage whatsoever. How in the world could any semi-rational person compete with that?
Oh well - back to the drawing board.

Mabel the Loser.
Re: Mother Effer: Housing related
aww, sorry november, I hope you find an even better house. I bet it's haunted anyway.
BOOOOOOOOOOOO!
I'm sorry November. But you will find your house!
The nerve!
House | Blog
that sucks. : (
while I'd generally agree that the kind of cash flow used to purchase a house outright should be invested elsewhere, the general interest rates and market is so slow that it might be better to just avoid the 5 1/4-1/2 percent mortagage interest. Especially if they are looking to move again in the next few years.
"That chick wins at Penises, for sure." -- Fenton
That sucks
Hope you find something else soon!
Claire Elizabeth 12/31/2011
Married Bio
why would it be bad to pay for a house in cash? I have a pretty low interest rate on my house, and I'm still going to wind up paying over $200,000 in interest over the course of my 30 year mortgage. That sh!t really adds up. My heart almost stopped when I saw what the total amount of my payments would be over time. If you could avoid that, why wouldn't you? I mean, a house is still an investment, so it's not like you're just tying up that money.
Sorry about the house november, that really sucks. Hope you find something better soon!
Baby Boxer is coming! 5.23.12
www.focushunting.com
"Once I got a bath bomb that, once exploded, filled the tub with confetti. Little sharp metallic pieces of confetti. The product description said nothing about confetti. Oh look, there's a tiny, sharp metallic blue star stabbing me in the labia. HOW RELAXING. " - NoisyPenguin
I guess the thought is that the mortgage rates are hovering around 4.5% right now, so that's pretty cheap money. You can (in theory, at least) earn enough if that money were invested well that it would work out better in the long run. In general, it's always better to have cash on hand rather than wrapped up in an asset, especially if that asset may not be appreciating much (ie housing for the foreseeable future).
11/11/11 = 5 years. Woah!
I'm sorry Scrooge McDuck drained his money bin to buy your dream house.
Seriously, though, I've "lost' a house before, and it sucks. But something just as good, or better, is surely out there.