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August 04, 2008

‘Upside down’ applies to SUVs as well as houses

Many owners of Ford Extinctions, or whatever, don’t even realize just how stranded their money is.

Once again, the willful mental isolationism of much of the American public rears its ugly head.

That said, the story, recommending toughing it out with an SUV a person currently owns, makes a glaring booboo when it claims “your insurance bill has probably stayed the same.” Liability, sure. But collision insurance, no.

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