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Originally Posted by Erin  We live in the Chicago suburbs and everything is super expensive here. We are selling our townhouse (and loosing $ on it) and moving to Wisconsin where things are much more affordable. Lots of foreclosures in this very nice neighborhood. People were maxed out. The only way most families could afford these houses was with creative financing. The average family here cannot afford the average house. I saw this "burst" coming years ago, but it's still devastating.
We can't wait to get north and have an affordable house payment. That will make everything else tolerable. Even 3 feet of snow won't feel so bad - I hope!!  |
You could move here, have a very reasonable house payment and last time we had three feet (or anything near that) of snow was in 1989
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We've been fortunate, live close to stable jobs, have medical insurance and usually below national average gas prices. Like many others though we are watching our retirement shrink and are hoping things improve soon. We've cut back on eating out, shopping less for frivolous items, etc.
In our section of the country there was never the crazy over-inflated pricing for housing like on the coasts and in other select areas. So, we don't have the foreclosure rates, as the creative mortgages were not done on such a large scale here.