Yes he is, but at least he has some skin in the game since he said he's putting 20% down. He'll lose all that equity pretty quickly though since prices in that area need to (AND WILL) fall 50%.
The misconception that it's now a "good time to buy" is total hogwash. This decline has only just started......
thehelpfund.blogspot
mannyfeseha 3 years ago
Good post, check out the-crunch com for more credit crunch and house price news. Also forums and more related videos.
ally008 4 years ago
gambling is fools game.
snaxs2000 4 years ago
its all a big poker game some you win some you lose
cuddleyd 4 years ago
can't afford it - losing value - a loss...sad
MrWolf666 4 years ago
Yes he is, but at least he has some skin in the game since he said he's putting 20% down. He'll lose all that equity pretty quickly though since prices in that area need to (AND WILL) fall 50%.
The misconception that it's now a "good time to buy" is total hogwash. This decline has only just started......
dink65 4 years ago
Yes! And it's necessary!
dink65 4 years ago
another wall st crash coming? (hope not)
cuddleyd 4 years ago
the man buying a home he cant afford is a fool
cuddleyd 4 years ago
that man buying a home is a fool
MrWolf666 4 years ago