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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: bozwood who wrote (4684)8/26/2002 11:35:04 PM
From: fattyRead Replies (1) of 306849
 
of course the guy who buy at 375k at 9% is better off than the guy buy at 500k at 6%. with a higher interest rate, you can always expect to refinance in the future. you can't ask the seller to refund the money when the price goes down. also, with a lower price, property tax is lower. the downpayment is lower. should there be any future gain, the profit is higher.
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