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Real Estate
Reply to "What I don't get: When people complain that they are drowning because their house is underwater"
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[quote=Anonymous]It all depends on the circumstances. People who bought houses that they couldn't afford balloon payments on but could afford the interest or teaser payments - nope. People who somehow counted on home values increasing like 2002-06 indefinitely - nope. People who couldn't be bothered to read their papers/loan terms - nope. People who're ready to upgrade but are $50-$100k under on a TH they've been paying on dutifully and were otherwise responsible about buying - sort of, but mostly yes. People who got laid off, or got sick - yes. People who were the victims of out and out fraud - yes. [/quote]
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