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May own something of value, a lot of people went underwater in 08. The main driver, not fannie or freedie, but the idea that "real estate always goes up"
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[–] [deleted] 8 points 6 points 14 points (+14|-8) ago
[–] [deleted] 4 points 8 points 12 points (+12|-4) ago (edited ago)
[–] Kylan 0 points 5 points 5 points (+5|-0) ago
Depends on how long you are going to be in the area. Less than five years and you tend to lose money on the selling.
[–] due 1 point 3 points 4 points (+4|-1) ago
Come to seattle 200k wont get you a studio apt in the city. Come to san fran you wont even get a closet
[–] Ghetto_Shitlord ago
May own something of value, a lot of people went underwater in 08. The main driver, not fannie or freedie, but the idea that "real estate always goes up"