Where the Shadow inventory might be hiding.

[Sandi Egan]

More anecdotal evidence.

I guy I know bought a very nice house in Las Vegas 2 years ago with 0 down/$4200 total monthly payment. Against my advice of course: he gave me all the usual crap that he needs the house and doesn’t care if it goes up or down, etc.

A year ago he stopped the payments and just kept living there until this June when the house was finally foreclosed upon. So now this guy brags that he effectively lived in a nice house for 2 years for $2100 a month – no way he could rent such a house for that low a payment – and thus his decision to buy 2 years ago was right

[djrobsd]

[quote=Sandi Egan]More anecdotal evidence.

A year ago he stopped the payments and just kept living there until this June when the house was finally foreclosed upon. So now this guy brags that he effectively lived in a nice house for 2 years for $2100 a month – no way he could rent such a house for that low a payment – and thus his decision to buy 2 years ago was right[/quote]

I hope this guy you “know” isn’t someone you are proud to call your friend.

There is nothing worse then someone running away from their responsibility. Where does someone get off thinking they can live in the house for free and not pay any payments to the bank?

I guess the actions of those selfish and greedy people will come back to bite the rest of us who were responsible and lived up to our mistakes and took care of our obligations.

By the way, I hope this guy you know enjoys paying 28% interest on a car loan and enjoys paying an $800 deposit to get an iphone! LOL

[djrobsd]

[quote=Sandi Egan]More anecdotal evidence.

A year ago he stopped the payments and just kept living there until this June when the house was finally foreclosed upon. So now this guy brags that he effectively lived in a nice house for 2 years for $2100 a month – no way he could rent such a house for that low a payment – and thus his decision to buy 2 years ago was right[/quote]

I hope this guy you “know” isn’t someone you are proud to call your friend.

There is nothing worse then someone running away from their responsibility. Where does someone get off thinking they can live in the house for free and not pay any payments to the bank?

I guess the actions of those selfish and greedy people will come back to bite the rest of us who were responsible and lived up to our mistakes and took care of our obligations.

By the way, I hope this guy you know enjoys paying 28% interest on a car loan and enjoys paying an $800 deposit to get an iphone! LOL

[djrobsd]

[quote=Sandi Egan]More anecdotal evidence.

A year ago he stopped the payments and just kept living there until this June when the house was finally foreclosed upon. So now this guy brags that he effectively lived in a nice house for 2 years for $2100 a month – no way he could rent such a house for that low a payment – and thus his decision to buy 2 years ago was right[/quote]

I hope this guy you “know” isn’t someone you are proud to call your friend.

There is nothing worse then someone running away from their responsibility. Where does someone get off thinking they can live in the house for free and not pay any payments to the bank?

I guess the actions of those selfish and greedy people will come back to bite the rest of us who were responsible and lived up to our mistakes and took care of our obligations.

By the way, I hope this guy you know enjoys paying 28% interest on a car loan and enjoys paying an $800 deposit to get an iphone! LOL

[djrobsd]

[quote=Sandi Egan]More anecdotal evidence.

A year ago he stopped the payments and just kept living there until this June when the house was finally foreclosed upon. So now this guy brags that he effectively lived in a nice house for 2 years for $2100 a month – no way he could rent such a house for that low a payment – and thus his decision to buy 2 years ago was right[/quote]

I hope this guy you “know” isn’t someone you are proud to call your friend.

There is nothing worse then someone running away from their responsibility. Where does someone get off thinking they can live in the house for free and not pay any payments to the bank?

I guess the actions of those selfish and greedy people will come back to bite the rest of us who were responsible and lived up to our mistakes and took care of our obligations.

By the way, I hope this guy you know enjoys paying 28% interest on a car loan and enjoys paying an $800 deposit to get an iphone! LOL

[djrobsd]

[quote=Sandi Egan]More anecdotal evidence.

A year ago he stopped the payments and just kept living there until this June when the house was finally foreclosed upon. So now this guy brags that he effectively lived in a nice house for 2 years for $2100 a month – no way he could rent such a house for that low a payment – and thus his decision to buy 2 years ago was right[/quote]

I hope this guy you “know” isn’t someone you are proud to call your friend.

There is nothing worse then someone running away from their responsibility. Where does someone get off thinking they can live in the house for free and not pay any payments to the bank?

I guess the actions of those selfish and greedy people will come back to bite the rest of us who were responsible and lived up to our mistakes and took care of our obligations.

By the way, I hope this guy you know enjoys paying 28% interest on a car loan and enjoys paying an $800 deposit to get an iphone! LOL

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