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> Whats the issue with your home not being worth the debt you took on? The issue mentioned in the article is: What if you need to sell? Like what if you lost y
by fhrow4484 8y ago
> Whats the issue with your home not being worth the debt you took on?
The issue mentioned in the article is: What if you need to sell? Like what if you lost your job, found a new one but in a completely new city, far away from where you bought your house: will you be able with the new salary to pay for both a rental near your new work, and continue paying the mortgage on your original house?
> most people don't change homes very often, so the value of the home shouldn't have much impact on your life until later.
This is the assumption that people might disagree with.
Does it make sense?
- GhostVII 8y agoYou disagree with the claim that most people don't change homes very often? The average time someone owns the same home is over 5 years. I mean I get the argument that, if you loose your job and sell your house it would be bad. But for me, I would only buy a house if I was sure I was going to stay in the area.