avatar

Negative Equity (Mortgage), Eliminating Essential Space, Drastic Price Changes

Real Estate Radio Hour
Real Estate Radio Hour
Episode • Oct 29, 2021 • 1h 1m

Full Video Version Here: 

https://www.facebook.com/RealEstateRadioHour/videos/1918038275031799


The Best Real Estate Show On The Market

This Episode:

Andy's Analogy

What happens if my mortgage goes into negative equity? Housing If I buy a house for, say, $500k and the market crashes 3 months later, and the house's value becomes $300k, what happens? What are my options?

Rooney's Rant

How much value would be destroyed by essentially eliminating a "formal dining room" in order to expand the kitchen?

We are planning to open up the kitchen, which is currently pretty tight, but the only way to plausibly make it part of the rest of the house is to expand it into the dining room area. This would, basically, eliminate the formal dining room. There would still be a nice space to eat as part of the kitchen, but that single-room dining area would just vanish.

We Flip Another Home Live!

We React To More Real Estate Social Media

Finish with Story Time, The Most Dramatic Price Increases & Decreases We've Seen!