Falling US home prices drag new buyers under water
Home Guy wrote:
"Most of the people I have dealt with have ended up paying less on their
monthly mortgage payments than they were when they rented. The good
thing is, we have got lots of young families into these homes.
"And if they stay put, they will eventually get equity."
Being "underwater" is purely a theoretical thing if you have no
intention of selling any time soon.
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