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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: rich evans who wrote (213881)8/3/2009 7:08:28 PM
From: Elroy JetsonRead Replies (1) of 306849
 
Why pay on a $350k mortgage for a $200k house when you can buy an identical house down the street for $200k?

After all the home owner has to live some place.

As a taxpayer you can think of the $210k losses you'll pay for, on what was originally a 20% down loan, as rental payments. After five years depending on the markets, you can decide to sharply devalue your currency or sell apples on the street.
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