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UPDATE: Dealing with debt...sell the house or tough it out?


LarlaB
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I think you're doing a wise thing by not selling the house.  We live in Colorado Springs and the house prices here are insane also. I'm not sure that this bubble is going to burst any time soon.  Rentals even here are being rented sight unseen because if you see a home rental, it's gone within the hour.  Apartment rentals are getting close to house rental prices simply because of supply and demand.  We're starting to get a lot of Denver's population because of the expensive housing which of course is driving up our prices.  In three years, we've probably gained $60-$75K in value.  We would have been priced out of this market if we had moved now instead of three years ago.  You may even be able to get more than you're thinking for rent?  

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