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Some relative "misery"; if they can afford to own a house, they're probably not that miserable.
by AYBABTME 5y ago
Some relative "misery"; if they can afford to own a house, they're probably not that miserable.
- dragonwriter 5y agoBeing able to get a loan to buy a home in the past doesn't imply being able to afford to own it now, especially if the loan was an ARM, had an interest-only or negative amortization period, etc. (but even with a conventional fixed mortgage, financial situation can change for the worse after buying.)
- AYBABTME 5y agoThis or not, having a house is pretty far away from "misery" in my book. At least you've got a roof over your head and no landlord to price you out of your home into the streets.