Not negative economics
To BTK..
It's not negative economics, just reality. The current financial/real estate situation is very unlike others we have seen in our lifetimes (unless you are over 90 yrs old). In the 80's S&L debacle (which I believe will pale compared to current day problems), our home in Mass. dropped 50% in value over a 2 year period from 1988-1990. We finally sold at the low for our own reasons, but it took nearly 10 years for the real estate in that area to regain its previous value. That's simply the facts.
If you want to sugar coat things that's OK, but I prefer to look at reality and act accordingly. I only wish I had been a little more pro-active on my instincts a couple of years ago.
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