Homeowners who owe more on their house than it's worth face a dilemma. Should I stay or should I go now? Suze Orman tells CBS Sacramento's Call Kurtis that those folks need to take a hard look at the value of their homes and make a tough decision. "If you own a home that is 50% underwater, 70% underwater, it will never ever, ever come back to where you purchased it." she said.
More »
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
1 comment:
It shouldn't be about how much we can make off the house.
If you bought the house because you loved it and planned to stay there, what difference does it make?
As long as you can afford the payments! Our payments are affordable, even with a further downturn because we made sure we took into consideration whether we could do it on one income, just in case. Our home is not worth what it was worth when we bought it 2 years ago, but we love it and wouldn't dream of leaving it.
Heck, we can't rent almost 2,000 sq. ft. on over an acre for what our mortgage payment, taxes and insurance add up to!
You never build yourself up paying rent, period.
Post a Comment