I don't anticipate things to be that bad this time, but the value dropped over 25% back then and we are unsustainable at the point of the affordability cycle we are at now.You basically will be buying a monthly debt, speculating the value of the property is eventually going to go higher than you bought it for.

They may have zero possessions left or a place to sleep. they cynical side of me says this does stop many well off people from taking the money and running.

Though it may cash flow well based on their current debt service, when you compare the income it produces to the equity they have is it actually even a good investment for them from an ROI perspective or would they be better off liquidating and redeploying?

Don't get me started on the national debt and the amount we pay in interest each year.

That will have a much larger impact on your outcome versus the debt product. 

In other words, your renters have covered a majority of your costs of ownership this year, including covering your debt, and you have to put some additional money in, which raises your cost basis.

To that end I just paid off yesterday my last legacy bank debt took me 12 years but its done an gone now. 

Hi Kristi,VA loans do have flexible debt to income ratio requirements, unlike every other loan.

I’m not entirely sure I’ll ever be able to get her on a mortgage because she’s just so adverse to having debt.

He is renting the unit and will carry a bit of debt for a couple years but once he is clear of that he will do very well for himself.Park owners want their empty spaces filled.