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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (298909)8/8/2006 6:43:56 PM
From: TigerPaw  Read Replies (1) of 1575946
 
I always thought the key to real estate was to look for a time when interest rates were high to buy. The house price tends to be low. I think most houses are priced by the total monthly payment, not by some intrinsic value. Eventually interest rates will fall and you can refinance. Of course this scheme really only works well if you keep the same property for a long time, say 15-20 years. If you change houses every 3 or 4 years you are not likely to recoup the initial high rate payments.

TP
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