re: What's your opinion of people who are underwater on their mortgages?

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Never understood people freaking out over being underwater.

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Depends on how far under you are. In my case:
• I was nearly $100K under after six years of ownership.
• Obviously I couldn't get a line of equity (what equity?) to make needed repairs, so the place started falling apart.
• Thanks to the economy, I was cut to part time work at 50% of my salary.
• According to things I read, my house would not get back to its ORIGINAL SALE VALUE--until 2022.

Okay chief, see how a person can freak out under those circumstances? And mine weren't terribly different from a lot of other people back between 2008 and 2012.