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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 1:26:53 PM
From: fattyRead Replies (2) of 306849
 
>A nice low interest rate at a known monthly payment for 30 years beats worrying about where house prices are going any day of the week. My opinion.....and I like to sleep at night, calmly. <g>

Well, if you live in Boston, that translates to a 800 sq ft condo costing $1800 per month for 30 years with a $60k downpayment. You saved 3 years for that $60k and you are using 50% of your pay check for the mortgage. You'd better have a good night of sleep because tomorrow you will need to work overtime for that $60K a year job.
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