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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: GraceZ who wrote (56303)6/19/2006 9:06:41 AM
From: MoominoidRead Replies (1) of 306849
 
Around here I would doubt that the mortgage payments are going to be 85% of your costs. And how many people don't move for 30 years in the US? Also I think of the cost of buying as including the opportunity cost on capital invested. I grew up in Britain where ARMs were the norm, maybe I never adjusted my thinking to fixed rate mortgages. I wondered about why the institutional difference between the countries...
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