My husband and I are currently house hunting. Is this a good time to buy?
This is a great time! Houses are a great investment and house prices almost never go down.
We have to bid now or else we'll lose the house! What should we do?
The housing market is in great shape! You have nothing to worry about, buy a house!
We need a quote on a new home. Is there anything you could give us?
Of course! You could use an adjustable rate mortgage so that your payments will reset in 3 years.
The real-estate agent tries to convince the young couple that this is the perfect time to invest in a house.
Do you think we should go for that house?
I looked over our finances and we will be able to afford it.
Alan Greenspan is telling the woman that everything was fine in the housing market and that they should buy the house.
WE DID IT!!!!!!!
The mortgage broker is trying to sell her a loan that has the lowest payment option, but will eventually blow up in their face when it resets.
How did this happen?
The couple is discussing the house over dinner. After looking over their finances, they go to place a bid on the house the next afternoon, only to find that it's already gone.
Finally, in 2007 they are able to put a bid on a huge house and get it. They put no money down and are finally homeowners.
Because they put no money down, they are paying way more than the house is worth. They are starting to get anxious because there is a possibility of them getting laid off at work. How are they going to continue to pay off their insane payments?