He thought it'd make him popular with the ladies. I told him not only would he lose his shirt with depreciation, but he'd be so house-poor even if he became the San Diego Don Juan, he wouldn't be able to afford to take a date out to dinner
A year later, he's weirded out that he still doesn't have any neighbors (the units were bought by flippers), the wine and cheese parties and hot models promised in the marketing materials didn't materialize, his interest-only payment combined with the condo association fee is killing him, and he's thinking of getting out and renting.
This has to be happening around the world. Oh, the photo above is from Toll Brothers. Of couse.
June 27, 2006
Posted by blogger at 6/27/2006