Quote:
Originally Posted by Bob
Are some selling purely because they have negative equity and they somehow view that as a "bad" thing?
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Yeah, if anything negative equity in a house would likely be reason to hold onto it. I can understand someone who maybe bought a place with $50,000 down and only has $35,000 left in the place maybe wanting to sell, go rent something ,than try to get higher returns out of the money they still have.
But if you only put 5% down and all that money is lost to the point where you would need to pay out the difference. Than I would not understand why those people would be so desparate to sell.