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Another Way to look at the Real Estate Market
Today, I was standing in line waiting to finish up my income taxes and a senior citizen came in and began talking to me about how he took a "bite in the britches" with the sale of his home.  His definition was $40,000 loss in value.  That seems and appears small to those who have taken greater losses but to this senior citizen, it was everything in the world to him.  It matters and should matter, but most don't understand how much the market adjustment in real estate really has a snowball effect.
Then I stepped back and and another light bulb went off in my head.  That's when I decided to share and teach others out there in the real estate industry, who own a home, to take the lemons and turn them into lemonade.
Granted, you may have lost money in value on your primary residence because you may have bought at the peek of the market and your home really wasn't worth what you paid for it because the comparables hadn't come through at the time you purchased or you could have used your home as an ATM machine to pay off unexpected bills and now you don't ... more

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