Housing Rant

Housing Rant:

• ARM (Adjustable Rate Mortgage) aka Adjustable Risk Mortgage

• Down Payment? What's a down payment? No need for that anymore.
  

• IO Loans (Interest Only Loans) i.e. Illinformed Only Loans. Equity? who needs to build equity the old fashioned way. I'll get equity after my home appreciates 20% this year. Maybe not b.c I just took out a home equity loan.
  

• Future. Hell no. I only think about the short term. I want it now damn it. What's the lowest monthly payment I can get? Oh please help me mortgage lender.