I know an idiot who bought a home last year. So far it's dropped about $100,000. With the new bailout and stimulus he predicts the dollar will drop even more, causing his property another $100,000 by 2011.
Now, buying in 2012 would be a different story. Then you might actual be leaving your family something other than debt. Kind of like that real estate guru in florida who had a TV show and now has lost 32 million in less than 3 years.
Rent=Freedom
banemaca 3 months ago
Don't be an idiot. Buy a house and pass it on to your kid. your kid then will not need to buy a home.
gee what do rich people do? you got it, remove financial obstacles in their family.
shakaama 2 years ago
I know an idiot who bought a home last year. So far it's dropped about $100,000. With the new bailout and stimulus he predicts the dollar will drop even more, causing his property another $100,000 by 2011.
Now, buying in 2012 would be a different story. Then you might actual be leaving your family something other than debt. Kind of like that real estate guru in florida who had a TV show and now has lost 32 million in less than 3 years.
CreditSecretsBible 2 years ago
well anytime i say buy a home in my videos about the economy i say "go find a lawyer first".
hopefully people don't just go with gut instincts on the most important purchase of their lives.
i'm capricorn i take a week of looking around before i buy a shirt i like. might be over kill but i never have buyers remorse.
if everyone were like me, no one would have signed an ARM.
shakaama 2 years ago
home ownership is not always an intelligent decision...you should know this
kmcl11 2 years ago 2
good vid, that is why i bought a 110'000 home and not a 300'000 home even tho i can afford it.
sandroeleven 3 years ago
He got a little colorful in the narration there @ 5:37
farmgrade 3 years ago
i want to be a homeowner.
proudfilipina23 3 years ago
i wish i wasn't
xnugyen 3 years ago