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Old 01-28-2014, 08:31 AM   #47
jonathan180iq
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Join Date: Jan 2007
Location: Dalton, GA
Posts: 3,995
Exact same place, my friend.

I bought a house in 2007, just before the collapse, and I bought it from my mom who had foolishly started building her dream home before even listing the previous one. Long story short, I purchased it for her pay-off and had about $50,000 in equity from the outset. That didn't last long. Throw a divorce in there, and I've lost tens of thousands of dollars on something that I never really wanted to begin with but that I purchased because OTHER PEOPLE needed more space and room for their relatives to move in....

Anyway - houses a dumb. I appraise real estate for a living so I get the joy of watching this stuff all the time. It almost makes no sense to invest so heavily into something that can be lost on the whims of some shady financial practices... People work their whole lives and make really personally monumental decisions on something that to mortgage lenders is just another piece of data that be discarded or even transferred to another data collecting faux money trader.

Let's start a GZ250 commune... Goose gets to run the windmills, Alan can control the electrical grid and tell everyone how to charge their home batteries at less than 2A for short periods of time, JWR can go on adventures that make everyone jealous with photos that he posts in the great hall, WW and all of the other Canadians can mention places and names of things that no one understands the references too, and I'll post ridiculous and awkward photos...ya know... to keep things light or whatever it is that I do.
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