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Would like your thoughts....hypothetical situation. You buy a house
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Thickasabrick
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Sat Feb-21-09 01:50 PM
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Would like your thoughts....hypothetical situation. You buy a house |
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during the housing bubble. You still have a job, can afford the payment but when housing prices start to fall you realize you made a bad investment and you are "underwater" on your mortgage.
Should you walk away and stick the bank with your bad investment? I am not talking about sub prime here. I'm talking about a normal 30 year mortgage at a reasonable interest rate.
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