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So it has depreciated then?
Went up 50, dropped 25. Still in the black by 25k. Not as much as it could, but better off than most
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So it has depreciated then?
Dang up 50k in 4 years would have been nice...not sure I've ever experienced that in the 3 houses I've owned during that time
Wouldn't breaking even be the same thing as paying rent n your own house essentially?
Went up, then fell backwards some.
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I thought i was the only one confused.
Huh???
My house is up 50k in the last 4 years. Still upside down though. Love Arizona!
How do you get upside down after it has appreciated 50k
How do you get upside down after it has appreciated 50k
Bought it in 05-07 I bet. 07-10 were brutal.
We have houses here that went up 100k in the past two years, and the owners are still upside down.
Bought it in 05-07 I bet. 07-10 were brutal.
We have houses here that went up 100k in the past two years, and the owners are still upside down.
How do you get upside down after it has appreciated 50k
After shopping for houses for the past week here I can see why. The pricing on new construction here is absolutely ridiculous.
Bought in 2005 for 191. Dropped as low as 111.
Are you still looking in Prescott area?
How do you get upside down after it has appreciated 50k
Damn, hopefully it gets back to where it was.
I still can't get over the pricing of new construction here.
My neighborhood held up better than most in Surprise. Luckily I bought it to live in so we're not too concerned.
Three words: Home Equity Loan.
Some people treated their home like it was an ATM. Home goes up 50k, pull out 40k worth of equity and go nuts spending. Market drops 50k. Uh oh.
Three words: Home Equity Loan.
Some people treated their home like it was an ATM. Home goes up 50k, pull out 40k worth of equity and go nuts spending. Market drops 50k. Uh oh.
Nope. We just bought in an area that was hit harder then most. Luckily most of the houses remained occupied so were improving quickly.
I was just using an example of how someone can go upside down 50k that quick. You live in AZ. I feel your pain haha
Nope. We just bought in an area that was hit harder then most. Luckily most of the houses remained occupied so were improving quickly.
We had a seller that bought theirs for 220, and owes 470!!! Ouch, worst part is that is AFTER restructuring with some relief Can you say short sale.