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Real Estate
Reply to "if you bought with zero down during the boom..."
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[quote=Anonymous]We put 5% down in 2006 but paid off the second mortgage within a few years of buying the house. Our house has lost about 1/3 of its value from when we bought. We're owe about as much as its worth now and are aggressively saving for our next house, figuring we'll rent this one out. It's in a great location in a neighborhood that is often recommended, but I don't see prices rising anytime soon (and I suspect one similar will be foreclosed on soon). Sigh... [/quote]
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