tag:blogger.com,1999:blog-7164441119171475663.post3960127239940092865..comments2022-04-19T07:15:02.342-07:00Comments on The Chip Monk Family Survival Blog: Foreclosures 'Astronomically High'Chip Monkhttp://www.blogger.com/profile/07785353467343997106noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7164441119171475663.post-53370166377613109632011-05-26T13:44:29.877-07:002011-05-26T13:44:29.877-07:00@thatswhatswrongwithpeople
"The only people...@thatswhatswrongwithpeople <br /><br />"The only people this crash really affects are those who unwisely invested in real estate and those who bought homes without the means to pay for them. "<br /><br />I respectfully disagree. My family saved 20% to put down on our home in early 2007. Since then market prices have dropped so far, we've lost twice the equity we originally put down.<br /><br />We weren't expecting to flip our house or get rich, but we also thought we'd preserve the bulk of our equity while we lived there.<br /><br />Thank God I've remained employed and there's no change in my ability to make the payments, but that down payment was almost a year's salary.Seanhttps://www.blogger.com/profile/10105835578914862153noreply@blogger.comtag:blogger.com,1999:blog-7164441119171475663.post-47679969640787957012011-05-26T08:34:53.819-07:002011-05-26T08:34:53.819-07:00Well, this is no surprise to anyone paying attenti...Well, this is no surprise to anyone paying attention. However, the housing market crash does have an upside. Those of us who didn't own a home can now afford to get one. The only people this crash really affects are those who unwisely invested in real estate and those who bought homes without the means to pay for them. I would think that owning real estate couldn't be a bad thing, if it weren't for the unjust land taxes that go with it. That however, is a whole different topic. Keep on farmin'.thatswhatswrongwithpeoplehttps://www.blogger.com/profile/09583289678239022066noreply@blogger.com