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Tell your success story

By Holden Lewis · Bankrate.com
Thursday, May 26, 2011
Posted: 11 am ET

We want to tell some post-crash real-estate success stories. Need some help.

Have you noticed that the real-estate crash is almost always written about as a bad thing? House prices have been falling for the past five or six years, and everyone acts like it's a calamity. People wouldn't freak out so much if the prices of cars or appliances fell dramatically.

Falling house prices have produced winners. First-time buyers have bought repossessed homes cheap, and have bought condos at great prices. And they've done this at a time when mortgage rates are attractively low.

We want to tell a few of these stories in an article that will run in early July. If you benefited from the housing crash, and would like to be interviewed about it for a story, let me know. Email me the basics of your happy story and how a reporter can contact you to schedule a phone interview.

If we do a story about you, we'll publish your real name and city. No anonymity, no pseudonyms. I know that's a deal-breaker for some people, and if it is for you, no need to send an email. And if we do a story about you, we would love it if you would supply a photo of you and your smiling face with your lovely abode in the background.

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3 Comments
Curt
May 26, 2011 at 4:04 pm

Yes, great... We started looking at our current home in May 2008. We had our other house appraised and it came out at $175,000. We couldn't sell it immediately so we rented it out. We found this house going up for auction so we purchased it - a big 4000 sq ft. home from 1953 needing some updates. We closed about Labor Day 2009. Not having a crystal ball, we owned two homes at the same time. We figure we lost $100,000+ in equity as we were able to sell our former home (finally) for $135,000 (in 2010) - what I originally paid in 2000. So, we lost all the remodeling costs associated with our former home too. Then adding insult to injury - the house next door to our current home was sold to a non-profit organization. It is now a "group home" for children - in a area previously not zoned for it. It was approved by a county judge - to the shagrin of the whole neighborhood. What's next?

Thanks,

Curt