The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: reaper who wrote (7261)	12/11/2002 5:56:11 PM
From: JBTFD	Read Replies (2) of 306849

It has been the case for a while that initially the cost of owning a home is more than renting. You're right, that part about her payment jumping up some $200 in the third year of her loan to me indicates that she is probably stetching her means to be able to afford this house. Two things could happen that would guarantee a bad outcome. 1. she cant make the payments and is forclosed upon 2. the value of her house goes down in a major way. You seem to assume that both of the above are guaranteed.

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