tell em theyre dreaming, page-23

actually that is wrong
10% drop in house prices on a $500,000 house is $50,000

if have mortgage of 50% then you looking at a drop of 20% on your original in investment.

so the reality of the situation is that you are paying $25,000 to the bank for the wonder feeling of losing $50,000

$75,000 .... small bickies to some but not many

why not wait till market bottoms and buy then?

all indicators are pointing to a drop of least 10% here, might even be 20%