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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Bill who wrote (557914)3/30/2004 12:26:52 PM
From: JBTFD  Read Replies (1) | Respond to of 769667
 
That's a very simplistic analysis.



To: Bill who wrote (557914)3/30/2004 1:05:49 PM
From: sea_biscuit  Read Replies (1) | Respond to of 769667
 
A lot of the home "ownership" is based on zero-down adjustable-rate can-skip-some-payments-here-and-there mortgages. There are interest-only mortgages i.e. you never pay towards owning the house, but hey, house prices always rise, right?! Heck, in some cases you can even get 103% to 105% financing. Talk about homes built on shifting sands!


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