I want to know if they sold a house a couple of years previous, what did they do with that money???
That’s point#1
Let me add more:
2. “was tired of renting”, WTF is that? Its being broke is better than renting? Is being a renter makes you do work out and push up, wasting your energy thus makes you tired?
3.”say their mortgage broker assured them they would be able to refinance in a couple of years to keep their payments affordable.” Let me try to understand this logic, you barely could afford the payment now, after a couple of years you refinance again, then you refinance again, then again (even if interest rates stay level)…. when will you payoff your loan?
4. $700.00/ month on car payment! sell one car and take the bus, moron!
5. No more piano lesson? Good for you, who cares about classical music snob, as long as moved to the better area and not being a renter. Being a renter is tiring remember!?
6.”The couple now eat out once or twice a month, instead of once or twice a week before they bought the house. They have yet to visit a nearby jazz club they had hoped to frequent. The trips they used to take to Lake Tahoe now are out of the question.” They should be doing this before they bought the house, and save the money for down payment last time so they will be in better shape financially.
