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Re: I lost more in home value last year than I paid for my FJ
Quote:
skorp62 previously said:
I am not going to be selling anytime soon, maybe not ever, so the market value is not really worrisome. I was hoping to re-fi once I had a better equity stake though and that's not going to be happening anytime soon it looks like. Oh well, my motto is "Plan for the worst and hope for the best" so it looks like I am right on plan. At least we didn't buy on an ARM and have to re-fi within a set time frame or face ballooning payments.
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If you can afford to stay and hold out do so. I was lucky and sold at the top of the market in 06. If you bought before 04 you should have some equidy and hopefully you don't have a Arm! I believe the bottom is near and just bought back in with a fixed rate 30yr loan @ 5.1325% OF COURSE I plopped down 40% and I will have to gut and rebuild the place, in the long run wealth has been built in real estate! The markets will turn for the better in time! 
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6" Fab Tech Lift, Bushwackers, 20" BBS wheels Nitto Terra Grappler 325/60/20 All Terrain tires. Spyder Trax 1.25 spacers Scuba mod, Manik tail light guards, Hunter GT807 full brush guard, Predator step bars, diamond plate interior trim, dual cd's, leather seats, Toyota Trail Team Badge.
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