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#1 |
Senior Member
Join Date: Jan 2006
Location: NOVA
Posts: 3,005
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太初有道 |
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#2 |
Senior Member
Join Date: Nov 2006
Location: Utah
Posts: 1,148
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I agree with the article. Your home is only worth what someone else is willing to pay for it. The problem is that many people are unable to take a loss when they sell, because they don't have enough money to pay off the mortgage with the proceeds from the sale.
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#3 |
Senior Member
Join Date: Jan 2006
Location: Clinton Township, MI
Posts: 3,126
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its tough because in less than a year I will be confronting this issue. Two years ago if I'd had sold my house I would have made a 12k profit (in detroit metro this is pretty good). Now in 9 months when we put our house on the market we will be lucky to get what we paid for it... most likely less. However, as we will most likely be moving to new house in the same area we will get a fantastic deal that will assuredly make up for our perceived loss...
It will be tough on the psyche to possibly bring 5k to closing to finish out my loan..
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#4 | |
Senior Member
Join Date: Jan 2006
Posts: 6,177
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#5 | |
Senior Member
Join Date: Nov 2006
Location: Utah
Posts: 1,148
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#6 |
Senior Member
Join Date: Jan 2006
Posts: 6,177
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