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Technology Stocks : Intel Corporation (INTC)
INTC 37.31-0.5%2:29 PM EST
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To: John F. Dowd who wrote (168273)7/15/2002 5:10:04 PM
From: Ali Chen  Read Replies (1) of 186894
 
"but now they only pay 550 which puts 150 of cash in their pockets every month."

I don't think I misunderstand anything. For how many month
they are pocketing those puny $150? This is barely enough to
pay out the closing costs, for several years to come.
(Of course, they can elect to borrow these closing costs
from their equity, but in your scenario of loan amortization,
it will translate in sizeable increase in accrued interest
payments, very sizeable.)

If some souls got equity loans trying to "capitalize"
on the bubbled home valuation, and put those money in
the high-tech stocks in 2000-2001, I really feel sorry
for them. So much for "monetizing".

- Ali
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