mortgage recovery plan

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02-21-2009, 08:44 AM

#81

jtpassat

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check this story out

http://seattletimes.nwsource.com/html/loca...rs20m.html?2009

Quote:

Delighted that he prequalified for a $1.5 million condo on his $20,000-a-year income, he put down more than $75,000 in earnest money he borrowed from a friend.

02-21-2009, 02:58 PM

#82

boltonblue

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Originally Posted by paivag,Feb 20 2009, 10:38 PM

Yeah I hear you. I am still 30yrs or so from retirement but with the market errosion my wife and I lost about $400k-500k in future value. Oh well, I will probably laugh at all this by that time.

better than 400-500 in real value, many are in that boat.

02-23-2009, 07:54 PM

#83

RedY2KS2k

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Quote:

Originally Posted by paivag,Feb 20 2009, 10:38 PM

Yeah I hear you. I am still 30yrs or so from retirement but with the market errosion my wife and I lost about $400k-500k in future value. Oh well, I will probably laugh at all this by that time.

You have calculated future value 30 years into the future? Do you perhaps hold a PMP certification?