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re: ‘Seriously Underwater’ Home Mortgages Tick Up Across the US

Posted on 5/9/24 at 10:30 am to
Posted by Will Cover
St. Louis, MO
Member since Mar 2007
38592 posts
Posted on 5/9/24 at 10:30 am to
quote:

Who gets the first bailout?


F that.

Buy or build a house within your means. I could afford double the house I have today, if I stretched my loan out to 30 years. And if rates were still in the 3s. However, I don't want a bigger primary house. I'd rather have a 2nd home in a different state in time.

But I am staying put where I am because of the rate I have (2.5 %) and I have 12.5 years left to pay (had it down to 6, but divorce caused a "ripple.")

This post was edited on 5/9/24 at 10:32 am
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