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

To: ManyMoose who wrote (712983)	11/14/2005 12:30:33 PM
From: goldworldnet	Read Replies (1) \| Respond to of 769670

I like to watch remodeling shows on TV. I can't believe how much houses cost some places. * * *

To: ManyMoose who wrote (712983)	11/15/2005 8:09:43 AM
From: haqihana	Read Replies (1) \| Respond to of 769670

Many, There is no way that home prices will always go up, which I know you are aware of. That makes those interest only mortgages a burden on the home owner that costs him money, and he owns nothing. Perhaps I am too much "old school", but if I pay out money, I want to own something for doing so. You're right though, if the price goes down too much, the resident of the house can just slip away into the night, but I doubt that the lenders care. They will always find some other sucker to pick up the tab.