Actually if you read the article he argues otherwise. Don't fall into the banks ...

addflip on Sept 17, 2013 | parent | context | favorite | on: It's A Terrible Time To Buy An Expensive House

Actually if you read the article he argues otherwise. Don't fall into the banks mentality. > If a buyer puts 10% down and the house goes down 10%, he has lost 100% of his money on paper. If he has to sell due to job loss or a mortgage rate adjustment, he lost 100% in the real world.