patrick.net

I heard a lot about them, but personally never seen one, till today.

It turns out to be... a family I knew is one of them. They're nice people, never thought they're one of them. They bought 800K home w/ very small downpayment, Right after they bought the home, they took a loan against it, openned coffee shop businese. The businese was not successful, so they decided to get the hell out of both business and the house. Right now, they're living 2 years without paying mortgage. Foreclosed, but you know, it is like taking forever.

Something that made me feel uncomfortable is that, they look so happy. They even talking about how much free money they've saved during those two years. It already is six figures.

Oh, man. That's how to get 100K using only 10K. Yeah, way to go.

#housing