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  • September 15, 2010 at 8:27 PM #605173
    FormerOwner
    Participant

    Good point. I wouldn’t be surprised if a lot of people think like that. In my friends’ case, they have quite a bit of equity in the house and if they sold it today at a realistic market price they would end up with quite a bit of cash. However, they would not get back all the cash they put down on the house and I think they haven’t come to terms with that. They are like the banks – they don’t want to recognize their loss, I think.

    September 15, 2010 at 8:59 PM #606246
    scaredyclassic
    Participant

    true. it would be very painful for me to recognize a six figure loss, esp if I thought if I just held on a bit longer it could eke back up a bit and i could get my beloved money back. on the other hand, I might be gratified to get at least half of it back in free squatting.

    September 15, 2010 at 8:59 PM #605183
    scaredyclassic
    Participant

    true. it would be very painful for me to recognize a six figure loss, esp if I thought if I just held on a bit longer it could eke back up a bit and i could get my beloved money back. on the other hand, I might be gratified to get at least half of it back in free squatting.

    September 15, 2010 at 8:59 PM #605929
    scaredyclassic
    Participant

    true. it would be very painful for me to recognize a six figure loss, esp if I thought if I just held on a bit longer it could eke back up a bit and i could get my beloved money back. on the other hand, I might be gratified to get at least half of it back in free squatting.

    September 15, 2010 at 8:59 PM #605822
    scaredyclassic
    Participant

    true. it would be very painful for me to recognize a six figure loss, esp if I thought if I just held on a bit longer it could eke back up a bit and i could get my beloved money back. on the other hand, I might be gratified to get at least half of it back in free squatting.

    September 15, 2010 at 8:59 PM #605271
    scaredyclassic
    Participant

    true. it would be very painful for me to recognize a six figure loss, esp if I thought if I just held on a bit longer it could eke back up a bit and i could get my beloved money back. on the other hand, I might be gratified to get at least half of it back in free squatting.

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