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

To: reaper who wrote (7261)	12/11/2002 5:56:11 PM
From: JBTFD	Read Replies (2) \| Respond to of 306849

It has been the case for a while that initially the cost of owning a home is more than renting. You're right, that part about her payment jumping up some $200 in the third year of her loan to me indicates that she is probably stetching her means to be able to afford this house. Two things could happen that would guarantee a bad outcome. 1. she cant make the payments and is forclosed upon 2. the value of her house goes down in a major way. You seem to assume that both of the above are guaranteed.

To: reaper who wrote (7261)	12/11/2002 7:10:20 PM
From: tony	Read Replies (1) \| Respond to of 306849

When people buy house they forget PMI, Insurance & Taxes which can eat up another 1.5 - 2% of purchase price. >>may i suggest you start mailing me $1000 every month that i will hold for you and give you back in 5 years. you really should do it, 'cause you'll be better offant This is important if she can save $1000/month then in less than 15 years she can buy house free & clear un less we have hyperinflation then all bets are off. I think RE has seen its peak. Real unemployment more than 8% as we do not count so called consultants, jobs moving to asia and now state's are starting to cut jobs which is NOT good.