Talk to me like I'm stupid: is there a way real estate sale prices could become "affordable" without bankrupting half of current owners?
@thekeenanwire I might be stupid too, but: if I stay where I am, the price of the house next door doesn't matter; if I move, even...
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@mendel Unless you are 90% leveraged, in which case a big drop in real estate prices will mean you owe more than your house is worth. -
@thekeenanwire Hm. If I stay put, though, then being upside-down doesn't matter to me, does it? - 4 more replies
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