/biz/ - Business & Finance

I have a coworker who makes the same amount of money as me.

In the past year he:
>bought a brand new car
>bought 2 motorcycles for some fucking reason
>had a baby
>got a condo he can't afford with 5% down and a 30-year mortgage
>borrowed money to get the 5% down

He also has student loans. I have no idea how he convinced a bank to lend him so much money. I really hope things work out for him, but damn.