Actually she wanted me to pay cash for it… That’s why I said NO! She rents on the outskirts of Newport Beach for about 2K / month (I pay it) and told me her real estate friend said that she is just throwing money away – it is such a good deal at 640K…
I went semi-berserk! My own mom, agreeing with the Real Estate establishment! LOL… Anyway I explained the economics to her and told her to keep renting for a couple of years…. As cooprider14 just said – it is gonna get hugely worse…
