Foreclosures
Foreclosures
Out of context: Reply #20
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- Boz0
@Josev
nah.. I wanted to stay in that house for at least 10-15 years..situation is not going to recover for a long time and even if it does $180k in appreciation happened, in best times, only after like 20 years in Arizona (if that).. I'm not gonna stay in Arizona for next 30 years just to break even on a house and pay 2-3 times more in interest to the bank.. Either way bank wins and I lose, plus you are a slave to the house. Doesn't make sense..
They all got their bailout money and now they are pushing "moral" responsibility on everyone to keep paying for hugely under-water properties they caused. Well since they look at it as business, most people look at it as a business decision to short sell and get rid of bad debt.
- as they would say in movies.. it's nothing personal, it's just business.Boz