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To: kiki p
It's immoral to buy a home at 20 % of what it's worth; why not give the homeowner his due, which is the market value of the house, and THEN deduct whatever he owes?
274 posted on 01/25/2004 6:16:15 PM PST by DLfromthedesert (What is the point of fighting in Iraq if we surrender to Vicente?)
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To: DLfromthedesert
It's immoral to buy a home at 20 % of what it's worth; why not give the homeowner his due, which is the market value of the house, and THEN deduct whatever he owes?

Ummm, because real estate investing isn't non-profit.
278 posted on 01/25/2004 6:32:36 PM PST by kiki p
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To: DLfromthedesert
It's immoral to buy a home at 20 % of what it's worth

Why? Is making a profit immoral now?

287 posted on 01/26/2004 2:36:08 AM PST by Johnny_Cipher (Miserable failure = http://www.michaelmoore.com/ sounds good to me!)
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