please guru, distingish for me why rent money is toilet money, but additional fees and PMI on an fha loan is not toilet money. shouldn’t any financially responsible person who saved up some money avoid an fha loan if they plan to live in the place a few years? And if one hasn’t saved up some money and doesn’t plan to live in the place a few years, why the heck should the govt be giving you money to buy a place? I see the fha default rate as being relevant to the ability of the ponzi scheme to continue. Maybe the sign will someday read, “This is a picture of a young man waiting for his house to get back to break-even”.