I'm thinking about buying 3 or 4 condos in my area at the same time, I recently gave my info to a mortgage broker and he said with my debt-to-income ratio I can afford to borrow around $160,000.

I'm not sure how wedded you are to this idea but I will tell you there is a bank here in Georgia that has negotiated write downs of the principal and allowed the borrowers to stay in the home.

In my book, that does not absolve the borrower, myself included.

Welcome.Are you experienced in 'assisting others' or 'investing yourself'?

I can't imagine any circumstance a borrower would go along with this plan if you tell them the truth that you don't plan to pay the mortgage.

The agent will provide the payment history and credit references for the lessees in writing to assist in securing a mortgage for the purchase of the property.

Add to this the 500Billion passed by the congress this weekend to keep govt running, and 25 bil to automakers for assistance.

Further, when you borrow money, you're making the bank rich with the interest you pay on the money.

How much are you SAVING by purchasing out-of-the box compared to paying an assistant or designer?

I don't know that it will sky rocket but the cost of borrowing is going up.