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Real Estate
Reply to "Tell me how to get out of my underwater house"
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[quote=Anonymous]If you're like me, your stock portfolio probably dropped at some point in the last couple of years. Would you sell the stocks at a low price to be rid of the assets? Not if you were smart. You'd hold the assets (assuming the underlying financials were sound and they weren't junk bonds) and wait for them to come back up. Same with this house. It's not currently worth what you paid but unless you made a bad decision, it'll eventually be worth that price again. If you don't understand this, you shouldn't be a homeowner. There is always a risk in buying anything. (you probably haven't considered selling your car, which lost value the moment you drove it off the lot.)[/quote]
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