Your life is not a statistic. You are not the average. If I gave you $20 to play russian roulette, would you do it? It's only a 1/6 chance of death. On average you'll be up $20, right?
I'm guessing most people would not do it. The risk of death is simply not worth the reward.
You keep talking about "things you can afford to lose". Houses NEVER fall into that category. So why do you keep bringing it up? We're talking about houses, not the DVD player you buy at Best Buy.
> You keep talking about "things you can afford to lose". Houses NEVER fall into that category.
Of course they do. Consider -- do you want to be financially solvent, or own a house? Many people choose being financially solvent. Others walk away from houses whose mortgages are larger than the house's actual value. In both these cases, a house is just another commodity, a choice, not an absolute necessity like breathing.
I'm guessing most people would not do it. The risk of death is simply not worth the reward.
You keep talking about "things you can afford to lose". Houses NEVER fall into that category. So why do you keep bringing it up? We're talking about houses, not the DVD player you buy at Best Buy.