That's my whole beef with the "underwater" thing. They seemed to think that house was worth the price they signed up to pay when they did it. Now those houses are not worth as much. Too bad, so sad. I think I should get congress to bail me out on buying a new car. It certainly is not worth as much as it was when I purchased it.
FireBeyond|12 years ago
"So, you put $10,000 of renovations into your kitchen. That increases the book value by $50,000."
Uh, what?
All sorts of people, for all sorts of reasons, were whole-heartedly drinking /that/ Kool Aid.