[ejheverest]

doesn't matter how much you make, you should always save 20% of your income and have an emergency fund(atleast 6 months of bills worth)
This guy lived well beyond his means and is paying the price now, hopefully he will learn a lesson from all this. I wouldn't own a house like that unless I had enough to pay the house off in cash and enough to retire on comfortably.(3-5 million)