Eight percent is HUGE! That is a whole lot of upside down mortgages! Sheesh. Will things never improve?
On a side note, I had my home on the market this year (it didn't sell). Today a real estate agent knocked on my door looking for listings. He was working a list of expired listings, I'm guessing. Door to door real estate agents? I've never seen anything like that before. They must be getting desperate.
I've got a large amount of equity in my home (like $100K), so i guess he felt that I'd be willing to settle for a low-ball offer faster than someone who had little to no equity in their home. Sucker. That is why I'm still living here. I can afford this house just fine, thank you very much.
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