it is tragic that we have to teach people to buy themselves APPROPRIATE homes !
or comfortably priced homes !
up until now they've been buying a debt (as big a debt they could handle/sevrice) cose thats what was maximising capital gains !
so much so, that they forgot rising rates AND that property sometimes DOES FALL in price !
it is equivalent to everyone leasing a ferrari, regardless of the fact whether they need it or not! its just that with a ferrari they can see the lunacy due to ferrari droping in value...and if you don't need it...whats the point?
but 2 people living in a 5 bdr mc'mansion ????
that was ok? that made sense?
right !
well it does not make sense any more ! LEARN already!
