I can't understand your Maths......You buy a house for $500k and...

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    I can't understand your Maths......

    You buy a house for $500k and pay off $50k

    That leaves $450k you still owe. Correct?

    The value drops to $300k... you sell it??

    Does this not leave you still short $150k to the good people who lent you the money in the first place?
 
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