I think 100% financing is a great financial vehicle for some people. In fact, have you considered it yourself? Now's a good time to buy in Carmel Valley. Afterall, you do realize that the auction for those apartment->townhome converts in the Heights all sold out in front of a crowd of 400+people, where people paid $400k+ for 2bedroom places. Clearly, Carmel Valley is immune to any price implosion, and you'd better buy now otherwise you'll be locked out forever….Especially as the dollar keeps depreciating against other currencies, this will make real estate look cheap to all the rich foreign investors carrying Euros, Wons, Ren-min-bi, NT$, heck even the Canadian and Aussie dollar, and the fake U.S. dollars that North Korea keeps manufacturing. Also, keep in mind, inflation is spirially out of of hand, so you'll be able to save less and less moving forward as your basic needs will increasingly go up in price. Take a look at gas, it's approaching $4/gal. You better act now and secure your 100% financed loan for a place in Carmel Valley while you can or risk being locked out forever. These prices are incredible right now. And though interest rate is slightly higher than before, interest rate has historically never been so low. Besides don't worry about what you hear on the news about foreclosures and asset depreciation. It just doesn't happen in Carmel Valley. Take out that teaser loan…You'll get the raise you're expecting in 10-20years, and plus if you sign up for some of those option arms, you can make the minimum payments that negatively amortizes you until you can afford to make the expected monthly payments. You need a place, you deserve a place. And dog gonnit, you earned it.
