I really feel that a one family house should not be more that fifty-thousand dollars. We've got to get out heads out of the sand and realize that real estate is NOT a way to make money. Your HOME is a place where you choose to grow yourself and your family. Is should NOT be a place you sell to make money. If your house was only $50,000. you could pay this off and with all that extra money you'd buy stuff, right? You'd buy stuff that gets the economy going. We have been in the noose of paying for where we live paying WAY too much. And we have bought into the idea that where we live is somehow a means to increase our income.
Are you behind in you payments? Maybe one payment from foreclosure? I say RELAX. Let the bank take that house. Just move out for a couple of months. When the bank puts it on the auction block take our your saving in cash, buy it back at a discount rate from the bank free and clear and move into YOUR house.
And don't think for a moment you'll sell it for a profit. This is your HOME. This is where you and your family creates memories, this is a sacred place and that can never be for sale.
Take control. If you've survived and built a family and home you're the smart one. It's time Wall Street figured that one out.
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