HousingPANIC Stupid Question of the Day

Will single people start asking prospective partners what their "mortgage status" is before considering whether or not to date them? Shouldn't they?

- Renters: Good to go

- Own free and clear: Good to go

- Bought before 2002, never HELOCed or Housing ATMed: Good to go

- No-down option ARM negative equity mortgage: Get lost you pathetic loser!

- Took out a 90%+ mortgage in 2003 - 2007: Sorry, gotta run!

HousingPANIC Stupid Question of the Day

Is the social stigma of "owning" a home (renting money from a bank in order to sleep in a rapidly depreciating asset) now worse than renting?

BONUS: Heard in a Scottsdale nightclub: "Ooh, I don't think you should go home with that guy. I hear he's got an interest-only, negative-am on one of those Optima condos. Yeah, the ones that have lost half their value. And I think his car is leased and he lost his job as a mortgage broker"

Somethin like that... Actual picture from dirtyscottsdale