Reply to What I don't get: When people complain that they are drowning because their house is underwater

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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][quote=Anonymous][quote=Anonymous]
I never **assumed** it would go up but I also didn't count on big businesses raping america via their massive greed with the fraud that was MBS and for my home value to fall over 200k.  I'm pissed b/c I see the big banks getting bailed out and people who should have never been in the homes to begin with getting bailed out on my back and the backs of other people who are responsible.  Why should some people get to walk away from their bad investment without any long term ramifications (only losing their down payment) and the rest of us be stuck?  At least if I invested in the stock market - which I have  and lost - everyone loses equally unless there is insider trading.  This scenario is not playing out that way.  So STFU right back[/quote]

You make absolutely no sense.  Not everybody loses equally in the stock market.  Different stocks perform at different levels...duh.  Just like homes, people buy stocks at different times and sell at different times - some are winners and some are losers.  How is the housing market any different?  Some people were more savvy about it than others.  Honestly - even back in 2003, which is when we bought, there was at least some talk of a housing bubble.  We bought a house in a hot area, but that needed tons of work.  We have not lost money and even refinanced to update the place. Some of our neighbors sold at the right time and made serious cash.  Some didn't and lost money, but that is just how it goes.

[b]I bet most of the people on here whining about how they lost money bought in the middle of fucking nowhere - Ashburn, PWC, etc. - a newish house on a tiny plot of land that looks the same as almost every other house in the zip code.  If you buy a house in a place where land is cheap, then - yes, you probably have lost a ton of $$$.  But this notion - that land appreciates and homes depreciate - hasn't changed.  You just weren't smart or were greedy and wanted your brand new cookie-cutter home.[/b]  [/quote]

There are the nasty assumptions again.  Not true, for us anyway.  Alexandria section of FFX County.[/quote]

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