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A comment on The Terrifying Reality of Long-Term Unemployment. Parent comment

Re:The Terrifying Reality of Long-Term Unemployment by drcube on Monday April 15, 2013 @11:33PM (#5556069)
Before, you had $80k in debt, now you have $96k in debt. You basically just took out a home equity loan.
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Re:The Terrifying Reality of Long-Term Unemployment by snowwrestler on Tuesday April 16, 2013 @12:02AM (#5556170)
Yup; I also could have just refinanced the first house at the higher appraisal. All three are good reasons for a homeowner to be happy their home value is going up.
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