Home › Forums › Housing › Underwater Homeowners Thread › I never expected to make
I never expected to make money on my house – I might have expected that the value might go up 1,2 maybe 3% a year at the most.
What I didn’t expect is that I would loose 50% of the value (approx).
I expected to work hard to pay off my house in hopes of one day actually owning our house.
I think my expectations were and remain very modest.
California may be the only state (except Florida) where these boom/bust cycles are so extreme.
