vboring

The Credit Crunch: Taking Personal Responsibility

bad housing advice:

the person who put $0 on their house has the ability to dump an of decreasing value for somebody else to worry about.

the person who put $100k down is out $100k and still has negative equity, so it is still in their best interest to leave it to the bank.

i'd be mad as hell if i put 20% down on a house in Miami 2 years ago.