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A comment on Unintended Consequences: Credit Card Interest Rates now Much Higher. Parent comment

Re:Unintended Consequences: Credit Card Interest Rates now M... by ubernostrum on Tuesday August 24, 2010 @12:37PM (#1630291)
Don't buy things you can not afford.

So if you don't have $200k on hand, you shouldn't buy a house?

(or is the rule "don't buy things Apreche doesn't approve of you buying"?)

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Re:Unintended Consequences: Credit Card Interest Rates now M... by orangecat on Tuesday August 24, 2010 @01:37PM (#1630478)
A house is partially consumption and partially investment. If you can't afford the consumption part (mortgage/tax/upkeep payments minus the equivalent rent), then you shouldn't buy it.
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