Paying over market value for something immediately puts you in negative equity
No, it does not. NE is the situation where if you sold you would owe more to the bank than could be achieved at sale.
Well, depending on your deposit... The point is valid though.
Disagree but there you go.
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No, it does not. NE is the situation where if you sold you would owe more to the bank than could be achieved at sale.