well speaking for myself ... i got laid off in December and selling my house isnt an option.
i cant rent for less than my mortgage costs. So my house wont go up for a sale, even if it takes months to get work. Unless i plan on living on the street.
not everyone bought a 350k house for 500k. although i feel sorry for those that did, especially if they have the double wammy of being laid off too!
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