Reply to If you lost your home & the assoc property with no compensation for it …

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[quote=Anonymous]Let’s say squatters successfully took possession while you off on a long vacation, or the government confiscated it — this is all hypothetical— how bad off would you be?

I’m looking for input from the 50+, mostly GenX crowd. Younger people have faced different economic circumstances including housing prices and pay.

This is a different question than what is your NW excluding home.

We bought a year before the 2008 crash, but it still took a long time to recover from that. In the 2000s we were told by so-called experts to get a $1.5-2.0 million house. We scoffed at that and bought one at $500k which we considered a stretch. So glad we did that.

We are mostly liquid at almost 60. Our retirement funds like our house is very modest outside the beltway VA (1900 sqft).

If our house and the land it sits on was taken away from us without compensation it would be a gut punch but we could survive but would probably have to move to a lower COL place. Our kids are in HS FWIW.

Wondering how many other DMV GenX DCUM couples are like us.

What prompted this? Stories about stolen property titles.[/quote]

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