In my novice opnion........

[427 S/O]

And another thing... I've accepted the 'fact' my home is worth less!, thanks to the 'buy more than I can afford crowd', and the greedy lenders. But, It will all balance out if I decide to sell and buy another house because, the other house will be worth less as well.

[cobra de capell]

Originally Posted by 427 S/O

And another thing... I've accepted the 'fact' my home is worth less!, thanks to the 'buy more than I can afford crowd', and the greedy lenders. But, It will all balance out if I decide to sell and buy another house because, the other house will be worth less as well.

Now you're talking....if one has a house, nothing really is lost - it's those that used their house as a piggy bank thinking (or not) that prices could not possibly fall. And, of course, the other set that got into a house with little or nothing down, along with a great teaser rate and has or will adjust to a sky high level. People are basically stupid.

[SP01715]

Originally Posted by cobra de capell

Now you're talking....if one has a house, nothing really is lost - it's those that used their house as a piggy bank thinking (or not) that prices could not possibly fall. And, of course, the other set that got into a house with little or nothing down, along with a great teaser rate and has or will adjust to a sky high level. People are basically stupid.

Ding, Ding, Ding... Could not have said it better.