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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (158755)10/21/2008 3:59:06 PM
From: 8bitsRespond to of 306849
 
That is something. A free market rate of 9.8% compared with a government subsidized rate of 6.35% for a 30 year mortgage.

A 3.45% subsidy, for a total savings of 35%. That's quite a welfare program the U.S. is providing for home owners.


And as you I am sure you know US residents have the additional benefit of being able to write off interest on personal homes which effectively is another subsidy.