I think you were mistaken, I didn’t pick a timeframe. But ok you can have your 10 yr timeframe. You bought a house 10yrs ago and it has gone up to $1m in 2017. Let’s say you fully paid it off and had $1m in equity. Today it is valued at $900k have you lost equity?
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I think you were mistaken, I didn’t pick a timeframe. But ok...
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