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Reply #15: We are woefully aware of that scenario.. We have bought two houses [View All]

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SoCalDem Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-17-08 06:03 PM
Response to Reply #12
15. We are woefully aware of that scenario.. We have bought two houses
BOTH in a sellers' market..and every time we needed to sell...yup..buyer's market..

and now that we are getting old, and had hoped to benefit from prudently managing our money & mortgage...and end up with enough to buy something modest for our final house, our equity, (which we LEFT in) is poofed into nothingness..

the only good thing is that anyplace we would move TO, would also be devalued ..
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