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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: JBTFD who wrote (94497)2/21/2009 7:54:42 PM
From: Sr K  Read Replies (1) of 116555
 
>>It's simple math. It's not debatable in my opinion. <<

It's not debatable only if you assume $0 down and interest only mortgages.

If you use 20% down and 20 year amort. then

$300,000 at 12% is $3,300 per month and $3,300 per month at 5% is $500,000, not $720,000. And the first loan would require $75,000 down and the $500,000 loan would be $125,000 down.
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