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To: Knighty Tin who wrote (24643)3/1/2005 12:20:46 PM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
Who's Buying All These $500,000 Homes!

Puente now has an $800,000 mortgage, but he's not worried. Thanks to new mortgage options, his monthly payment is the same as it was on his previous $300,000 loan.

"People who buy big homes don't use regular 30-year fixed(-rate) mortgages. The payments are just too high," said Rob McElroy, president of Boca Raton-based Family First Mortgage. "There are much better alternatives."

builderonline.com



To: Knighty Tin who wrote (24643)3/1/2005 2:25:18 PM
From: ild  Read Replies (1) | Respond to of 116555
 
I also didn't understand this idea:

Without the demand from financial investors, the current oil price could be US$15/barrel lower, in my view.

Oil is hard to hoard, there is no much speculation in futures, so where is that "demand from financial investors"?


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