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Politics : Formerly About Advanced Micro Devices

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To: bentway who wrote (264354)	12/12/2005 7:20:44 PM
From: Tenchusatsu	Read Replies (1) of 1578897

JCP, I'm not real familiar with OC - but I moved from San Diego county to Utah and traded my barely-dented mortgage for an equivalent paid-for house, with a ton of cash left over. No offense, but I'd probably go crazy if I had to live in Utah. Speaking of which, the couple that sold us our home moved to Idaho and purchased a new home there using the appreciation from the sale alone. In San Diego county, only 11% of residents can qualify for a conventional mortgage on the median priced home. You mean if current home equity isn't factored in? That's pretty much the only way families can afford to buy a new home ... by cashing in on the equity of their current home. Tenchusatsu

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