"Real estate is probably the best investment any young person can make," says Yadiris Ferreira, 29, who bought a condo last month in Pembroke Pines, Fla.
Still, her mortgage, including homeowner association fees, totals $1,800 a month — more than half the money she takes home as a high school math teacher. "It's crazy," Ferreira concedes.
But, she explains, "If I didn't buy something soon, it was going to get to the point that I couldn't afford anything."
There are still greater fools out there. :-( The scary thing is that she is a high school math teacher. If I were a principal of that school and she told me during the interview that she just bought a condo in a bubble market last month and proclaimed "If I didn't buy something soon, it was going to get to the point that I couldn't afford anything," she would not be hired. Yikes!