that's rough - i'm pretty ignorant to non-colorado markets (this is the only place i've owned property as an adult), but that's tough to swallow. Especially during what is still a good economic moment.
It's devastating. My father is the most selfless man I've ever met and he worked way too f***ing hard to deal with this. I've suggested PA to him, as PA and DE are the only states in the NE US that don't completely blow for retirees. Eastern PA would put them at under a 5-hour drive to my house, and considering they want to spend some time with the incoming granddaughter, I think it's a good fit.
I have often thought about leaving the state, and maybe going somewhere on the east coast that has lower property values, so that I could own (nearly) outright. A mortgage of 20 or 30k or something sounds pretty nice, but i have no perspective of how difficult it is to sell a house in some of these places. Here, even though our deal fell through, it only took a few days to get an offer in, and it felt like we were waiting forever. I haven't really come across things in life that are more stressful than selling property and moving - partly (as i've said before) because i'm so introverted and not having a home base really ****s me up, but also because the complete unknown is scary. Real estate and contracts are so flimsy that it's really just spending months not knowing what the heck will happen.
I agree about real estate being scary. Being introverted's not going to hurt you much if you have a home office IMO. I'm lucky enough to have really terrific neighbors and they eased our transition.
How do you like it over there? We've thought about doing something in MA or NJ or somewhere over there. Not sure how well I'd adjust. I love the established older cities/towns, but don't want to be stuck in some trump-loving rural ****hole that I can't sell a house in.
Within 2 weeks of closing a sale on our house (which required bidding over asking price and putting a LOT of money down) we started getting solicited by developers that wanted to buy us out.
There's a lot to like here and there's a lot not to like. The cost of living is high because the concentration of prestigious higher education and health care is extraordinary; in short, the demand is high and the supply is low. If you like having a home office you'd fit in well here, because commuting by car ranges from annoying to terrible and the MBTA (transit system) isn't as widespread as it should be. The weather here is better than people think it is. Taxes are high but definitely not as bad as NY, CT or NJ. There's a lot to see and do. I'm apolitical but we cover all political spectra. Our governor is a Republican, and those that run with a fiscal platform can and will succeed here, but no politician with a far-right social platform has a snowball's chance in hell of being elected to serious public office in this area. We do a lot of outdoors stuff here and we're in better physical shape than most other states. Also, f*** the Patriots and f*** the Bruins even more.
As to whether or not you'd adjust, it depends on what you like to do, what you're willing and able to spend and what you're looking for.