- Aug 27, 2007
Equity is not guaranteed. Ask all of us who bought while the market was high (or on the way up) and then the market crashed and other things can force you to have to sell then. Equity is only good when you are ready to sell. If you need to sell and are negative or zero equity after 11 years, things suck. I'm so tired of people here in Dallas, who really didn't have a housing market surge in mid-late 2000s and thus didn't experience the crash (2008 or so) like other places did, tell me "you can;t ever lose money buying a house!"I am completely against rent control. The govt wants cheap housing, they can buy it, maintain it, etc.
But to say you're not making any money? Equity?