Quote:
Originally Posted by CAugust
and.... once one home on a street goes into foreclosure that brings down the value of the other homes - its like a domino affect
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I don't think that is really valid here. I know one family who had 2 deaths in the family and sold out there. I know a few foreclosures. That area was built low, and boomed and now is going to TRUE value. If the ninnies had subprimes or overbought, then they deserve to lose it.
Sorry, I am practical. We still live in the same house ( 3 br/1 ba ranch) bought in the early 70s and paid LONG ago. You don't overbuy, you pay and the house increase. This is move than worth 7 times what it cost, maybe 8 or 9.