BoA OWNED by person

[101lifts2]

Originally Posted by Homeslice

How are you losing nothing? You paid closing costs on each home.

And BTW what if the market was on an upswing? Not only did you not build any equity, but the next home would be more expensive.

But it didn't...it took a DEEP dive. EVerything I "would" have put into the house would have been for nothing.

And if the market took an upswing, I would have sold it for a profit.

My co-worker bought a house for 630k and put 150k down. Thing is worth 380K, which is less than what he owes. Now...he is stuck with it or stands to loose 150k.