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Registered
Join Date: Dec 2004
Location: Manhattan Beach
Posts: 774
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Terry, you are speculating that prices have bottomed and may go up. Have you considered that prices may be coming down MORE? In two years, the value could be down significantly, in which case you would have to pitch in even more to refi.
Very, very unlikely to see a rebound in home values within the next two years, IMO
If you can sell now, consider it. If you are determined to ride out the storm, I think a refi sooner rather than later should be considered.
You are far from alone in this problem. And that suggest prices will continue to decline
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Now Porsche-less
ex-'74 Carrera, '93 RS America, '89 Cab, '88 Coupe
“Thank god there’s no 48-hour race anywhere in the world, because chances are nobody could beat Porsche in a 48 hour race.” Carroll Shelby, 1972.
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