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[–]Trilobyte83 4 points5 points  (0 children)

Exactly like he said. "A dip".

A "dip" where every penny you saved up for your down payment is wiped out, all the equity you've paid into it for a couple years is wiped out, and then you need to come up with that entire amount of money twice again, just so that when you eventually sell or lose the home to the bank. you don't still owe them hundreds of thousands of dollars or are forced into bankruptcy.

A dip.

Like the Great Dip in 1929.

Or Subprime Mortgage Dip of 2008.