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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Think4Yourself who wrote (168732)12/3/2008 8:49:16 PM
From: LazarusRead Replies (2) of 306849
 
what exactly are you saying?

if you save 2% in interest on a 250k home and that home is worth 10% less than what you paid for it at the end of 30 years you are still a HUGE winner.

a 2% reduction in interest rate should save you over a 100k during the life the loan.

use 5% and 7% and see for yourself: the savings in interest is approx 115k.

do you really think that the home is going to be worth 10% less in 30 years? NOT LIKELY! By that time its more likely we have a new currency; after the present currency is worth 1/10th of what it is today (and the home is valued at 10X250k ). What I am saying is after the deflationary cycle has run its course, its quite possible we have a cycle of hyper-inflation, then total collapse.

time will tell
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