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To: Larry S. who wrote (48587)6/12/2003 9:35:01 AM
From: BWAC  Read Replies (1) | Respond to of 53068
 
<the cost of owning a home is the monthly payment, not the total cost of the home.>

A car dealer told me that once in regards to the car. I thought it was the single stupidest rationalization I had ever heard.

Although I realize this is how many people think and arrange their soon to be failing finances.

You are right on that the low rates are helping house prices.

Here is another saying for you. "You're not buying a house, you're buying a location."