I guy I know bought a very nice house in Las Vegas 2 years ago with 0 down/$4200 total monthly payment. Against my advice of course: he gave me all the usual crap that he needs the house and doesn’t care if it goes up or down, etc.
A year ago he stopped the payments and just kept living there until this June when the house was finally foreclosed upon. So now this guy brags that he effectively lived in a nice house for 2 years for $2100 a month – no way he could rent such a house for that low a payment – and thus his decision to buy 2 years ago was right
