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Reply to "if you bought with zero down during the boom..."
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[quote=Anonymous]We bought a TH in 2005 with 5% down (did an 80/15/5). We paid off the HELOC once we sold our 1st place. We sold the TH in 2010 for about 100K less than we bought. Yuck! We had been paying extra, so we still came out with a check, but it was just our money back. Our first condo doubled in sale price in 2 years, so we were still in the black, but the hit definitely affected how we approached our SFH.[/quote]
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