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To: kearnyirish2

Yep, owner occupied was my standard as well. I wound up buying a modest 2000 sf house built in 1940 in a safe, well established neighborhood. I am kneed underwater, but not nearly as bad as if I bought one of the McMansions or ghost town condos the realtor was pedaling. Plus, I am happy to live and grow my family here until it turns around.


23 posted on 10/18/2011 3:55:29 AM PDT by wolfman23601
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To: wolfman23601

I had bought before the bubble, in an area that was affordable; rates fell soon afterwards, so I was able to refinance a low price at a low rate. I know I was just lucky with timing, but before we bought the house we were about to move into an apartment because prices were a bit high. We got lucky in finding this one, and haven’t missed a payment in over 10 years.


31 posted on 10/18/2011 4:09:14 PM PDT by kearnyirish2
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