Quote:
Originally Posted by tony404
I was reading in the wsj, a doc with a 800 credit score put 20 percent down on a 700k house and the bank pulled put at the last minute.
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Yeah, lenders are getting ready for a tough landing in the next few years, an economic collapse (real estate prices will follow) actually, they know their shit, so its better to stay away from real estate as an investment.
Can't believe so many members here encourage people to invest in real estate, after reading daily reports of a coming economic depression. Every expert from Greenspan to the little economist down the street published this inevitable scenario.