I take it you saw his w-2 and know what he makes and what his loan balance is? Also the loan I mentioned is not a Neg Am loan it is an I/O that converts into a fully amortized loan in 10 years at a guaranteed 6% rate. Perhaps his wife works and makes more than he does or he’s going to school for a better job or he comes into an inheritance or a thousand other scenarios. I just think its a bit irresponisble trying to spread the fear of God into people that could be fine without knowing the full details of their lives. I’d even say telling everyone that a 50% crash is just as irresponsible as saying RE always goes up.
