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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Elroy Jetson who wrote (213885)8/3/2009 8:31:12 PM
From: rich evansRead Replies (1) of 306849
 
2% of 350000 = $7000 a year. 5% of 200000 = $10000. Living in the original home is cheaper assuming both are interest only or with the same amortization. You keep your credit. Don't have to move. He should compare rents in the neighborhood and then decide. Fannie now with gov conservatorship has 0 cost of funds. It can wait the problem out and earn its way out of its 300 bill in losses. The monthly expense is all he cares about with a no deficiency mortgage.
Rich
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