Quote:
Originally Posted by Johnny199r
Personally, it feels good to do the responsible thing and get rewarded for it in the long term. When trying to buy a house sensibly (large downpayment, low mortgage, not overextending yourself) and being driven to your wits end by people are financially irresponsible (when competing for the same interests as you) feels like just desserts when things return to common sense.
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Yeah, but what about those of us that did the responsible thing and bought a modest place with a large down payment, low mortgage etc, but are still on the hook for a very large sum of money over the next few decades. It'll be really funny when people like us want to move and can't because our places go into negative equity when the bottom falls out? Ha ha?