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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Bid Buster who wrote (1543)2/4/2002 11:52:35 AM
From: TradeliteRead Replies (1) | Respond to of 306849
 
<<...it doesn't account for closing costs, mortgage interest, taxes, up keep, insurance...factor all that in and what do you have for NET profits? >>

The person quoted in the story (FNM's CEO) did account for debt service and other costs associated with home ownership by saying that these costs are roughly equal to the amount the other two non-homebuying individuals would be paying in rent during the same period.