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Old 02-23-2009, 04:56 PM #64
Jim96SC2
 
 
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No **** the houses are more affordable years ago. Hell in that case I want my mortgage renegotiated to its build date. It'll be paid in a year. Get over that. THE PEOPLE BOUGHT THEIR HOME AT X PRICE. They seemed to be fine with signing all the contracts at that time for that money, why should it change now? It shouldn't.
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Old 02-23-2009, 05:02 PM #65
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funny, when i bought my car i dropped significantly in value and i still have to pay for it...


they signed a contract... the same one everyone else who is still paying for their home signed...
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Old 02-23-2009, 08:11 PM #66
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Quote:
Originally Posted by drgonzo View Post
This isn't fun and games, this is real life.
No kidding and the idiots should not have bought more home than they could have afforded. They should have thought it through a little more before they signed the line and should have been willing to accept ALL consequences instead of crying...I didn't know that this would happen.
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Old 02-23-2009, 08:22 PM #67
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I think I'm going to stop paying my mortgage.
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Old 02-23-2009, 09:43 PM #68
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Quote:
Originally Posted by orionz06 View Post
funny, when i bought my car i dropped significantly in value and i still have to pay for it...


they signed a contract... the same one everyone else who is still paying for their home signed...
Seriously? Real-estate values increase over time as long as an area continues to grow in any form. Your car looses value because it breaks and you can make a new car, you can't make new land... Until this mess real-estate was actually a good investment since housing prices rarely fall, which makes this situation such a mess. Now I know you put a lot on the line when you bought your car but home ownership is a bit more complex.
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Old 02-23-2009, 09:47 PM #69
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Originally Posted by bigman1416 View Post
Seriously? Real-estate values increase over time as long as an area continues to grow in any form. Your car looses value because it breaks and you can make a new car, you can't make new land... Until this mess real-estate was actually a good investment since housing prices rarely fall, which makes this situation such a mess. Now I know you put a lot on the line when you bought your car but home ownership is a bit more complex.
The point is there is no guarantee your house value will always appreciate. If you bought a house thinking that, well, you've got yourself a problem now.
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