Re: Extreme Makeover Foreclosure
Originally Posted by Rojo
Sure. But if you believed that the rise in home prices, circa 2004-2007, was sustainable, then taking out a big loan for a big house isn't so stupid. Stupid is buying into the hype. And most people did.
I've got friends, intelligent people, who gave me all kinds of reasons why buying an overpriced house in those years was a good move, "Bay Area real estate is always a good investment", "a house is always going to be worth something" and the classic, "they're not making any more land".
How's that looking?
Don't forget, "Buy now or be priced out forever!"
"I can make all the stadiums rock."