And the Bubble Bursts

Here's a website called I am Facing Foreclosure that is written by a 24-year-old, wannabe house flipper. He went to a seminar, bought a bunch of houses (like 8 of them) with no money down, then he tried to flip them for a profit.

And he failed.

Now, he's 2 million in debt, facing jail time for lying about his income on the loan applications, and, of course, blogging about the ordeal.

Reading this is quite entertaining, but you can't help but wonder: what was he thinking?!?!?