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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]I have a hard time being empathetic for people who bought more than what they could afford, have interest only loans (meaning, you shouldn't have bought in the first place) or balloon loans. Come on people, if you're that niave about your finances, then you have no business buying a home - period. I'm all for assistance for job loss, death, etc. but that's about as far as my sympathies extend. The housing market sucked in the 90s. My ex-husband and I bought a condo in '93 that was underwater for years. So, when we split up, I kept it, kept paying for it, until I sold it in '06 and made a profit. I wasn't financially well enough to come to the table with 50K to unload it after my divorce in '95. This is life. So, you've outgrown your home that is underwater- purge, pare down, and live. What is so hard about that?[/quote]
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