Quote:
Originally Posted by Unregistered
The critical factor to their decision is their jobs. How old are they? Which industry they are in? How confident they are with their high paying jobs? These are the questions they need to ask themselves. It is all about managing their risks. In a crisis, many high paying executives lose their jobs and you will see high end condos crashing from $1.5m to $500k. If they are willing to take the risk, then they should proceed and they should not blame anyone whatever the consequences. We are all adults.
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Why do you keep questioning the stability of their jobs. Of course, anything can happen. It's about the possibility of a worst-case scenario happening. If everyone thinks of the worst, there will be no such thing as a mortgage. Everyone will be using cash to buy a property.