[Howlin]

Only something that puts money in your pocket every month is an asset and something which takes money out of your pocket is a liability.

Are you really this dumb, or are you just too poor to buy a house of your own?

My "asset" will pay me half a million dollars in the end.

Meanwhile, you will have pi$$ed away your money.

[FreedomCalls]

Meanwhile, you will have pi$$ed away your money.

The money isn't "pi$$ed away" if its invested properly. On the other hand lots of homeowners in a no-interest-down ARM are "pi$$ing away" money to the bank, the tax man, the repair man, the maintenance man, the pool man, etc. You speak like no one ever has had a home repossessed.

Mortgage defaults up 67% in California.