“”Some people have no business in purchasing a home that was/is way overpriced. Should have waited and saved up a significant downpayment”””
During the Florida housing boom people were convinced that Florida was running out of land and they needed to buy immediately at whatever cost.
It is truly amazing what happens when the herd decides to go in a direction. The members of the herd turn off their brains.
Once you leave the immediate gulf coast of Florida the land is the same ranch land for the next 150 to the Atlantic Coast.
But during the boom people were convinced they needed to pay $400,000 for a house that cost $150,000 to build.
next 150 to the Atlantic
should be—next 150 miles to the Atlantic