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: Tradelite who wrote (27957)	3/10/2005 9:00:10 AM
From: BWAC	Read Replies (1) of 306849

Don't drink the easy credit kool-aid. You know the interest rate today does not matter, because when it changes upward the $38k in a $255,000 house debtor is cooked. And when it becomes time to refinance out of the ARM or Line of Credit or sell the house in debt despair that it won't be easily done without a complete loss of what little downpayment was made. You sound sensible. So you have to know. Or you are just fooling yourself.

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