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It's Fine, As Long As You Don't Sell And You Don't Need To Repair Anything Major
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More bad news for the economy: We're close to the point when people will have less equity in their homes than any time since World War II. It's dropped from 61% ten years ago to 38% now, and a lot of people have zero. That is not a good thing, but if your intent was to just live in your home long-term and you can afford your loan payments, it's still not fatal. (Minneapolis Star-Tribune)
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