I can kind of sympathize with those that believed their realtors, loan brokers, family and friends when they said real estate was such a good investment, it would only go up, if you didn’t buy now you’d be priced out forever and a stated income loan was okay because you’d probably be making more money in a couple of years anyway…
I almost fell for it in 2007 when I almost bought a house in Mira Mesa that was way overpriced and I couldn’t really afford. But something in my gut told me it wasn’t a good decision and I didn’t do it.
But if I had bought, I probably wouldn’t be crying about it blaming my family, friends, realtor, etc. Because it was a decision that I would have made and I alone would have been responsible for.
That’s life. You use what information you have to make decisions and sometimes you make bad ones. Nobody said it was going to be easy. Foreclosure is not the worst thing in the world that can happen to you.
