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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Tradelite who wrote (4673)8/26/2002 1:42:41 PM
From: bozwoodRead Replies (1) of 306849
 
<<<If the market price of your home should fall by 20-25 percent, but the next buyer has to pay higher interest to own it, that buyer won't come out much or any better than you, financially. So.......>>>

I still don't get your assertion that someone buying an asset 25% below the person before is not any better off???

Let's assume a property is valued at $500,000 and it drops 25% to $375,000

Payment on the $500 prop is $2,997 @6%
Payment on the prop at $375 is $3,017 @9%

However, the property was purchased at a discount. How is that not better off financially?
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