Quote:
Originally Posted by kane
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.
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That's my position and it sucks..But in the end, people need to be responsible. The same people who got everybody in this mess, are the same ones that are going with the buy and bail. When you pay your home loans for years, your amount owed shrinks..That way even if you're down from the initial buy price, at least you might not have to come out of pocket to sell.
Maybe I'm odd by sticking it out through these shitty times, but I take responsibility for my actions, as everybody else should.
As for the people saying "good" and "fuck the banks"...I can only assume that you do not own a home. And Tony... Think about it man. These people shouldn't have bought homes if they couldn't afford it. Common sense goes a long way. Unfortunately, not a lot use it, and that is what caused the downfall of the housing market.
I can't wait until these assholes get prosecuted on mortgage fraud charges.
