[quote=werewolf34]What kind of house do you get in SD during the bubble for 550k?[/quote]
He should’ve kept his modest home, around 2,200sqft and big enough for family of 5 for many years…bought just before the housing bubble, instead of trying to live beyond his means. If he did and tried to pay down principle as much as he could, he should own that house outright in another 3 years.
I guess he was smart to not put any of his own money down when buying that $700K home but the way I see it, it was very stupid of him to sell a perfectly livable home and buy that $700K home he couldn’t afford with his salary.
