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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]OP doesn't get a simple different when comparing underwater RE with the stock market and other investments. When losing in the stock market you don't have an option of walking away from your responsibility. Your account can get wiped out and you won't be getting it back and if you get a margin call and must pay over what you had invested, you won't get away from it easily. In this whole RE mess people walk away from their loans and don' thave to continue to pay into the hole of the overpriced mortgage. It is especially easier for those who put zero down and were making interest only low payments. The banks screwed themselves lending such loans and making it so easy for people to walk away without losing much of their own cash. I guess, those who did put money down and some significant equity and planned to stay in their homes are feeling the tinge of jealousy as they did everything right, were responsible and are now trapped.[/quote]
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