My life is ruined.?
GOOD NEWS: In 2005 my 1998 honda civic was finally paid for. I had 26k in the bank. No debts. No obligations.
BAD NEWS: In 2006 I made the stupid mistake of buying a 100k condo and an acre of land for 38k for investment purposes.
I got ripped off on closing costs!(7k at closing table—that went out the window) Then 6 months later my honda civic gets stolen. The police found it torched in an empty parking lot. Total loss 6k. I had minimal insurance coverage cause it was 9 year old car. At the time I had no transportation, no car, no way to get to work except bus and i was out 6k. Then I buy a junky car for $500, to save my money. Then 6 months later the real estate market collapses. Im making “interest only payments” on my condo. Cant sell land or condo. My 26k in savings dwindles down to 10k. I still owe 26k in student loans on a worthless degree with no career in sight. I sent out over 200 resumes. Im now 160k in debt with 2 mortgages. Life sucks! What to do?
Do not join the military..i say refinance and stick it out.lol..moral of the story is ALWAYS get full coverage on your car whether new or old..
