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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: bentway who wrote (170026)8/27/2005 9:48:21 PM
From: geode00  Respond to of 281500
 
Yup. I'm still amazed at a 7.5 income to mortgage ratio. I thought it maxed out at 3.

I remember people in Texas considering up and leaving their homes and mailing keys to the bank. These were really beautiful homes but their mortgages far exceeded their market value.

If you wanted that scenario, you can just go and buy a car.

:)