Quote:
Originally Posted by pornask
I feel sorry for people who pay outrageous mortgage payments and their house is worth half the shit.
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Yeah it must suck to see the value of your house halved in just a couple of years. Even if you were smart and have a flat rate mortgage and your payments aren't going up and you plan to keep the house for a while, you still have massive negative equity and it could take years and years for it to grow back.