GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Home Prices has Left about 20% of U.S. Homeowners Owing More than Home is Worth

GatorB · 05-20-2009, 10:24 AM

Well when people buy a house that never should have been valued at teh price to begin with that's what happens. People talk about how much money they "lost". They didn't lose shit. The house never really was worth that much in the first place.

for example say you bought a house in 1992 worth $100,000 and from 1991-2004 it went up in value 6% a year( which is not bad ) Ok in 2004 that house is worth $200K. Now durring the housing bubble betwen 2004-2007 the house went up in value 25% per year. Now in 2007 that house is worth $390K. Now say that house is only worth $267K. Well guess what you didn't lose anything because if your house had gone up in value at 6% between 2004-2009 as it did in the previous 12 years it would be worth $267K. So it's valued CORRECTLY. What you lost was FAKE value. Now if you got a loan based on FAKE value then that's your own stupid ass fault. Anyone that thinks houses REALLY can go up 20% or more in value every year is retarded.

05-20-2009, 10:24 AM
GatorB The Demon & 12clicks Industry Role: Join Date: Oct 2001 Location: SallyRand is a FAGGOT Posts: 18,208	Well when people buy a house that never should have been valued at teh price to begin with that's what happens. People talk about how much money they "lost". They didn't lose shit. The house never really was worth that much in the first place. for example say you bought a house in 1992 worth $100,000 and from 1991-2004 it went up in value 6% a year( which is not bad ) Ok in 2004 that house is worth $200K. Now durring the housing bubble betwen 2004-2007 the house went up in value 25% per year. Now in 2007 that house is worth $390K. Now say that house is only worth $267K. Well guess what you didn't lose anything because if your house had gone up in value at 6% between 2004-2009 as it did in the previous 12 years it would be worth $267K. So it's valued CORRECTLY. What you lost was FAKE value. Now if you got a loan based on FAKE value then that's your own stupid ass fault. Anyone that thinks houses REALLY can go up 20% or more in value every year is retarded.