[quote=waitingpatiently]I am a little confused…If you got burned and lost all your equity in your current house why in the world would you buy another house in this market? What’s wrong with renting? And please don’t give me the “my kids need stability” bs.
And for the record…there are more 30 year old’s on this board that could buy the house for 800k with more than 20% down than you think. [/quote]
I was thinking about how many folks here could buy that 800k house for cash if they wanted to – and yet, not one of them seems to think it’s a good idea. Now, why do you suppose that is? 😉
“A fool and his money are lucky enough to get together in the first place…” – Gordon Gecko
