That's my whole beef with the "underwater" thing. They seemed to think that hous... | Hacker News

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		ratscabies on Sept 4, 2013 \| parent \| context \| favorite \| on: We Post Nothing About Our Daughter Online 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 on Sept 5, 2013 [–]

Right - just like those TV shows encouraging the whole thing.

"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.

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