Housing

When the housing market collapsed a few years ago, many people were left with homes and mortgages they could no longer afford.  Veterans and active duty military families were hit especially hard.  Military families move, on average, once every three years.  Many were accustomed to purchasing a home when they arrived at a new assignment and then selling it when they were transferred to a new posting.  Then, the balloon burst, and housing prices plummeted.  Military families and veterans found themselves stuck with houses that were worth a fraction of the purchase price.  They couldn’t sell and they were underwater on the mortgage.

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