Comments on: Tumbleweed Lusby and Free Land http://www.tinyhouseliving.com/2009/06/24/for-sale/tumbleweed-lusby-and-free-land/ Weekly Simple Living Newsletter Tue, 23 Feb 2010 09:24:51 -0800 http://wordpress.org/?v=2.9.2 hourly 1 By: Grant Wagner http://www.tinyhouseliving.com/2009/06/24/for-sale/tumbleweed-lusby-and-free-land/comment-page-1/#comment-116 Grant Wagner Thu, 25 Jun 2009 02:42:24 +0000 http://www.tinyhouseliving.com/?p=609#comment-116 I can completely sympathize with Elaine, and yourself, as I too am stuck in my "big home". My wife and I are completely trapped in a 1000 sq ft house in the far northern burbs of Chicago. If we attempted to sell it at current market prices, we would most likely end up at least $75K in the hole. This is compounded by the fact that we only payed $300K in the first place, and we did a 0 down loan to purchase it. I know there are a lot of young home owners that are very much in the same boat. I even felt so trapped by it, that when I was laid off a year ago, my first thought is "we can't aford it! We'll have to forclose! Credit be d***ed, this is awesome!" The flip side is without the sense of entrapment, I doubt the small home revolution would have struck a cord in me at all. I can completely sympathize with Elaine, and yourself, as I too am stuck in my “big home”. My wife and I are completely trapped in a 1000 sq ft house in the far northern burbs of Chicago. If we attempted to sell it at current market prices, we would most likely end up at least $75K in the hole. This is compounded by the fact that we only payed $300K in the first place, and we did a 0 down loan to purchase it.

I know there are a lot of young home owners that are very much in the same boat. I even felt so trapped by it, that when I was laid off a year ago, my first thought is “we can’t aford it! We’ll have to forclose! Credit be d***ed, this is awesome!” The flip side is without the sense of entrapment, I doubt the small home revolution would have struck a cord in me at all.

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