The nature of nesting

By DEIRDRE FULTON  |  February 18, 2009

NM "I think that it felt more competitive to purchase a house, because there are so many first-time buyers who want to take advantage of the market, but also so many sellers who owe too much on their properties and were asking prices that weren't affordable. The $7500 tax credit, which is really a zero-interest loan that's repayable over 15 years, was an essential part of my comfort making the purchase, because it gives me cash on hand in case the unexpected happens — leaky roof, failed furnace, etc. — things that would be tough to manage after you've sunk so much of your cash assets into the purchase."

KM "I worry a lot about the security of my job and those of my roommates too — most of us, myself included, work in the service industry. Once you've sunk all your money into a down payment, it is a lot harder to have a safety net should the worst case happen."

JR "Currently I'm holding on for dear life, but I'll get through it. I'm not as concerned about the value of my house — though it is less than what I currently owe (ass-over-teacup, as they say...) — as I am worried for my ability to continue working in Maine."

< prev  1  |  2  |  3  | 
Related: Second time around, Schoolyard bully, Bad craziness, More more >
  Topics: News Features , Barack Obama, Business, Real Estate,  More more >
| More

Most Popular
Share this entry with Delicious
    Former Mainer Shanna McNair started The New Guard, an independent, multi-genre literary review, in order to exalt the writer, no matter if that writer was well-established or just starting out.
  •   NO TAR SANDS  |  July 10, 2014
    “People’s feelings are clear...they don’t want to be known as the tar sands capitol of the United States."
  •   YOUR GUIDE TO ALL THINGS PRIDE!  |  June 19, 2014
    From the outset, O’Connor says, they were “foward-focused” — they had to be, given that they were basically starting from scratch — and committed to being as inclusive, positive, accessible, and transparent as possible.
  •   A RUBY CELEBRATION  |  June 18, 2014
    Hundreds of people — “a who’s who of gay liberation” at the time — came to the first-ever Maine Gay Symposium in April 1974.
    Formerly a reporter for the New York Times covering global terrorism (which is where he won the Pulitzer, in 2002), Hedges is best known for his anti-corporate stance, his criticism of US foreign policy, and his call to action.

 See all articles by: DEIRDRE FULTON