08-03-2005, 09:22 AM
meford4u,Aug 2 2005, 02:30 PM Wrote:Don't bash the condo/townhouse. I am not house poor, can afford to travel every year, am not worried about my next payment as I live comfortably, and finally, I can afford to do almost anything I want.
Don't get into the house poor senario. Seen it. Not good when things go bad.
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Amen, the key is not to get in over your head. I mean I see the 5% down and 0% down plans and I'm like "WTF? That's just begging for Murphy to kick you in the nads" :ph34r:
I'm about 50-50 between the bank and me owning my place after having to renegotiate to buy the Focus but it still leaves me plenty of room in case things tank badly.
NefCanuck