[hemppy]

mortgage? hi guy's and dolls, i have really been concerned about losing money on my mortgage. like dig this one in 2005 my home was worth $190,000.00 but the way i got this figured i have lost anywhere from $50,000.00 to $60,000.00 on paper so far although in my area property value has not started falling around here. i tell my wife and she just saids i am not worried about it but i am like dig this when we bought our property we paid one price for it so when we go to sell the way i got it figured i will be able to ask half for it so i will have to come up with half of the money to pay this mortgage off to buy a new one and that is crap man! so i am opened to hear some real scary stories about you poor people that is in the bigger cities so make those stories as scary as you can it will take my mind off how i am going broke just by buying real estate. my grand dad always said buy real estate you will never lose in real estate do you hear me grand dad in the mansion in the sky i am losing my shirt in real estate! so let's hear what everybody else is going through so let's hear what ya all has got to say. i am in the bible belt that is somewhere in the middle of the twilight zone

[TrueLegend]

if you have lost 20K or more "on paper" and you do not even live in a hard hit metro area like dc/cali/florida etc then your reaction is right and something is really worth getting scared over.

[Dash]

I have no mortgage but house has increased in value 500% Location, location and location.All it means is your property taxes should decrease. Did you buy this as an investment or as your home.