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<p>[QUOTE=&quot;doug444, post: 1616504, member: 38849&quot;]&quot;If a homeowner can&#039;t make the mortgage payment, they probably couldn&#039;t make the rent payment either...&quot;</p><p><br /></p><p><br /></p><p>The mortgage payment is just one part of the total bill.&nbsp; Add repairs and maintenance, periodic replacement of major systems, water and trash (usually in the rent), homeowner&#039;s insurance (as opposed to tenant insurance), special assessments, and of course, depreciation and obsolescence.</p><p><br /></p><p>That&#039;s quite a plateful.&nbsp; Throw in the benefits of being able to move on relatively short notice.&nbsp; A good many households are not able to move where the jobs are, because they can&#039;t sell their house; they&#039;re stuck.&nbsp; </p><p><br /></p><p>You are in a state of denial.&nbsp; Homeowners all over the country have been savaged by falling home prices.&nbsp; The equity is lost forever.&nbsp; (And we&#039;re not done yet -- The President and Congress would like you to think that the worst is over, and that we&#039;re on our way back).&nbsp; Not so.<p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>

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