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Old 10-10-2011, 03:53 PM  
Robbie
Leaner, Meaner, Faster
 
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Join Date: Aug 2002
Location: Vegas
Posts: 20,959
Quote:
Originally Posted by kane View Post
you end up being house broke
"house broke" You just described me brother!

I bought my home here in Vegas in Sept. of 2008
One week later the housing market completely crashed and the economy tumbled.

I paid $720,000 for this house at 7% interest rate.

It's now worth less that $400,000 (not really, but that is a quick google calculation not taking other things into consideration).

So now I sit here with a $5,000 a month mortgage in a 5,200 sq. 2 story home with 8 bedrooms and 5 bathrooms...and I'm underwater *(I still owe a little over $510,000) so I can neither re-finance or even get a rate modification or even sell it and get the hell out! lol

So yeah...I know all about being "house broke"
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Last edited by Robbie; 10-10-2011 at 03:58 PM..
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