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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]We bought a 2br townhouse in 2006. It was going to be perfect for our soon to be growing family. Then, what do you know, twins!! So now we have almost 3 yo twins. Our mortgage is at 6%. We can neither move nor refi due to being underwater. Our salaries, which had been going up 5-10% every year or two have stagnated. We can and do pay our mortgage, but are squeezed by the increased costs of daycare for two, increased costs for groceries, etc. It's just a lot at once. We will be ok, but feeling stuck, and especially not being able to refi sucks. I'll pay the whole sucker off- I took the loan, but why can't I get a 2-3% break!?[/quote]
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