Really funny… really scary

Ok it’s not always fun to laugh at people while they are down but this time I think it is. This guy is the poster child for why the housing market is so screwed up. Seriously. The 24 year old dude over the course of 1 year has:

  • Quit his job
  • Managed to get into $140K in unsecured debt
  • Managed to get into 2.2 million in home loans with 6 properties
  • The big shock? It was all done through stated income loans, with NO JOB. Some of the amazing math gymnastics are mind boggling. Something like over $200K in interest a year! Anyway go check it ou and be marvled at how rediculous the situation is. It’s better than a car crash!

    IAmFacingForeclosure.com

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