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Originally Posted by BarbaraAnne
What happens if they need to move and have now lost their equity even though they were paying their mortgages and playing by the rules...
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These buyers took a risk by buying a house. If they had made a few hundred thousand in a bubble real estate market, do you think we would be having discussions about how unfair it is for these same homebuyers to become unjustly enriched by their massive growth in equity?
If you buy a house with next to nothing down, and you end up owing the bank when you sell, then you got what you would expect to get.
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