Originally Posted by Ronan
Tell that to the poor SOB's in Florida.
Actually, like any investment, you have to make sure you only invest in a property that you can afford if the interest rates increase. Getting a 0 down mortgage because you can't afford a down payment is the one way to lose your house when prime shoots up a few percentage points. You need contingency plans if things go south, not "I want to buy a house because it's cheaper than rent but I have no money saved".