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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][b][quote=Anonymous]I've been responsible for my finances - but I wasn't for everyone else's - as a result home prices in my area have plummeted - so I've lost the 90k I put down when I bought the house in '05 right before the shit hit the fan and am probably 150k MORE underwater. What do you assume I do there? I did not have a crystal ball - and sorely wish I did. [/quote] Nothing. But why do *you* assume housing prices only go up? It is your attitude that I find obnoxious. I'm sorry you made a bad investment decision. I've lost a buttload of $$$ in stocks as well, but you don't hear me crying about the $100k+ that vanished. Your house is no different. It is an investment. If you didn't want to invest like this, you should have rented. The point OP was making was that why should you get to complain b/c you've lost money? You presumably can still afford the mortgage payments, right? Just like you'd be affording rental payments, no? So STFU please.[/quote]
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