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August 23, 20070 found this helpful

So true. My family thought I was nuts to keep my parents' house after they were gone. It's an old house, built solidly with good materials long before plastic was invented, and it's 4 feet higher than my neighbors down the street. While much of the country is having flooding problems, not me. With the house construction boom, I have new houses around me, but I notice people move in and out a lot. One house has had 4 owners in 8 years. Must be terribly expensive. Just because you could get a big mortgage until recently doesn't mean you should have. Foreclosure is not an economical option. There is nothing so secure as a house you can afford.

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