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Old 03-01-2011, 04:54 PM  
TheDoc
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Join Date: Jul 2001
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Posts: 13,827
Quote:
Originally Posted by xenigo View Post
Well, as we all know... buying anything on credit is like gambling. There's certain unknowns... your health, your job, your business, the economy... these are all factors. But the bottom line is that the risk is all on you, not the bank.

If you paid off only 5%, you're screwed. If you tried to sell it, the commissions are going to absorb your equity if you tried to sell it yourself.
Screw that, if I've paid off half my house, I'm taking the entire top floor with me!
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