Thread: Home and Auto Family can't move into house they bought
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Old 04-05-2021, 08:18 PM   #185
Halfcan Halfcan is offline
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Join Date: Aug 2005
Casino cash: $7327995
Quote:
Originally Posted by displacedinMN View Post
We bought at last house in 2001. Houses were moving fast. when the market "crashed" in 2007-8, we still could have sold our house for more than what we bought it. Sure, not as much of a profit, but still with equity.

Rode it out, refinanced. Waited and sold at a good time when our development started. Don't think you ever really lose on a house unless the areas around you go to hell for some reason.
It is called Foreclosure. There will be a Lot of them in the coming years when all the free money dries up and hyperinflation fully kicks in.
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