There are millions of people who bought a house in 2004, 2005, 2006 and 2007 who paid more than the house is worth today and have negative equity, (or just no equity if they are lucky)
Funny how things work. Millions aren’t laughing though.
Don’t forget that when comparing income to housing, you pay for housing with after tax dollars. Saving $200K net is almost like saving $300K of gross income.
(Paying $4+ after tax for a gallon of gas requires almost $6 in gross income)
You are an excellent example to all those who “bought” a house because renting was throwing money away.
PS: Can you believe some of the skanks that have shown up thinking that they would see some action ?
