Quote:
Originally Posted by IllTestYourGirls
Was that government funded? If it is, where do I sign up? I mean I wasn't stupid enough to buy on top of the bubble, buy a house for double what its real worth was, but I would like a free house, where do I sign up?
No offense to you.... but my head is about to explode if that was government funded. How much did it save you by cutting the principle in half and drop your rate 1%?
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I did in fact buy at the height of the market. And you would think that looks stupid of me. But... I also sold at the height of the market. I bought my house in Phoenix for $220k, and sold it in 2006 at for $540k. So in a way I just sort of traded houses, and I'm in a much nicer house (although without a pool) and I don't complain about the Phoenix weather.
Was it government funded? I don't know. I believe so.