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Would you consider selling an antique heirloom worth $ 10,000+ if you recently lost your job and could not make mortgage payments?
Would you sell this antique if it had been in your family for many generations and was over 200 years old? Or would you try to find another way to make ends meet?
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November 13, 2009 02:50 PM
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I would sell the heirloom if it did not hold any precious memories to me because it would take me months and months of working dead end jobs that I hate just to come up with the 10 grand that I could use to pay mortgage. Plus I don't know about you, but if I lost my job I would have a lot more bills than just a mortgage to pay every month. I have a cell phone bill with a contract so if I were to shut off that phone I would have to pay a certain amount of money just to get out of my contract. Plus I have a light bill and a gas bill and of course eventually I would have to pay taxes on my house, but there are also the basic needs that will need to be paid for too. Like toilet paper, food, toiletries, socks and underwear, clothes, my kids' lunch money. So if that heirloom doesn't mean anything to me, I would sell it in a heart beat if it meant it would keep a roof over my family's head and hot water flowing in our tub and shower.
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November 13, 2009 04:13 AM
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It would depend upon how long the rough times were anticipated. $10,000.00 won't last very long for a mortgage and expenses if there is no other income coming in, and in the end you'll have lost your house and lost the heirloom as well.
Then again, if it's just a temporary pinch, it isn't worth selling the heirloom either. If you were right at the verge of losing your home and there was absolutely no other choice to save it, that would probably be the only time worth selling the piece. Otherwise, it's best to find a different solution and just hang onto it.
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Then again, if it's just a temporary pinch, it isn't worth selling the heirloom either. If you were right at the verge of losing your home and there was absolutely no other choice to save it, that would probably be the only time worth selling the piece. Otherwise, it's best to find a different solution and just hang onto it.
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