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submitted 7 months ago by [email protected] to c/[email protected]

Let’s say that you buy a home in cash and have 100% paid off. Could you still lose it somehow?

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[-] [email protected] 25 points 7 months ago

You can get eminent domain'd or your house could be destroyed by natural disaster, house fire, etc.

[-] [email protected] 4 points 7 months ago

In theory, in the case of eminent domain you get the value of your home paid. In practice... its often not enough to actually buy a similar house.

[-] [email protected] 5 points 7 months ago

You get a government set rate for the house, not what it could sell for on the open market.

this post was submitted on 04 Dec 2023
134 points (97.9% liked)

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