ST Alpha - "or the market could drop further and I could be upside down in a mortgage. Or I could get laid off and not find another job." (Reading a Post)

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In response to "ooh, and it could break, or get wet, or fall down, or burn, or get infested by dripping honey and giant spiders! -- nm" by *hopes for a new hyperventilation record*

or the market could drop further and I could be upside down in a mortgage. Or I could get laid off and not find another job.

Posted by ty97 Nov 8 '10, 12:25

Or I could have to move and not be able too.

I hate you

Responses:

The chances of being upside-down are very low with a decent down payment. -- nm - mara Nov 8, 12:33
don't worry, if it gets really bad you'll get a bailout!....nm - x Nov 8, 12:30
get a telescope so you can keep an eye on incoming astroids -- nm - zeitgeist Nov 8, 12:29
then why buy? -- nm - tRuMaN Nov 8, 12:28 8
- what if I keep renting and never build equity and lose all my money in a canned meat ponzi scheme?! - ty97 Nov 8, 12:30 7
  - sigh, i wasnt trying to be silly - tRuMaN Nov 8, 12:34 5
    - I know you weren't. I'm just blowing off stress - ty97 Nov 8, 12:35 3
      - if you are rushing into this and justifying it because of the low prices - tRuMaN Nov 8, 12:41 1
        
        this, exactly. -- nm - loosilu Nov 8, 12:43
      - i thought you loved riding bottoms. ... -- nm - TFox Nov 8, 12:41
    - I'm with you. If you're really freaked out you shouldn't do it. -- nm - loosilu Nov 8, 12:34
  - Then you have what is known as a high quality problem. -- nm - loosilu Nov 8, 12:30
Or the balloons could inflate and you'd be trapped with some annoying little porker on the front porch for the flight! -- nm - Max Nov 8, 12:26
Or a giant snake could swallow you whole. -- nm - Don Homer Nov 8, 12:25
you're planning to own it for a few years, right? and you would have a down payment and an emergency fund? -- nm - loosilu Nov 8, 12:25 8
- But I might have to *use* my emergency fund. ACK! -- nm - ty97 Nov 8, 12:28 7
  - I did for the last year. I'm not dead. -- nm - loosilu Nov 8, 12:30 3
    - or...are you? -- nm - ty97 Nov 8, 12:33 2
      - What if you wake up one day and everyone else is a zombie? Then you just blew money on a house when you can have your pick of any house for free! -- nm - Max Nov 8, 12:35
      - then being dead isn't half bad. -- nm - loosilu Nov 8, 12:34
  - But what if you spontaneously combust?! -- nm - Don Homer Nov 8, 12:30 2
    - What if there's a mysterious unopened box in the attic? Should you open it? YES. But really? NO. Conundrum! -- nm - Max Nov 8, 12:31
    - ahhh, sweet relief -- nm - ty97 Nov 8, 12:30

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or the market could drop further and I could be upside down in a mortgage. Or I could get laid off and not find another job.

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