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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tradelite who wrote (6326)10/28/2002 10:27:50 AM
From: maceng2Read Replies (1) of 306849
 
sounds like a deal -g-.

I have a 20 yr variable but with a 2 yr kick in delay. It's worked for me the last 7 yrs -g- I can also re negotiate it if necessary so I only pay interest. I could afford the mortgage even on minimum wage. I sleep soundly too.

The folks in the more vulnerable positions are young families just starting out. Buying a home with maybe a kid or two on the way. They must be careful not to max out too far on the mortgage side. i.e. do not assume they will be sequentially better off each year.

(imho)
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