Quote:
Originally Posted by redpoint5
Your estate still retains the equity in the home when you die. Personally you'll lose it, but then in death you lose everything. Not following the point you intended here.
|
The downpayment is a risk that can be lost to you. You could have used it for something else before you died. That was the only point.
Quote:
Originally Posted by redpoint5
2008 was the only time in a century that home prices went backwards, entirely due to the incorrect perception people have that their residence is an investment, corrupt lending and insurance practices, and foolish government incentives. It was the exception, not the rule.
|
There can still be regional price variations, like when a factory or mine closes in a small community.