SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (201138)5/7/2009 9:43:47 PM
From: John KoligmanRespond to of 306849
 
It worked out pretty well because interest rates started to drop rapidly in the early/mid 1980's, so I was able to refinance into single digits while the price of the home rose substantially (NY suburbs). Also, back then one could buy a nice home for well under 100k, so the mortgage itself with a decent down payment wasn't too big a deal...

Regards,
John



To: Tommaso who wrote (201138)5/7/2009 10:19:06 PM
From: Jim McMannisRead Replies (2) | Respond to of 306849
 
Actually, buying a house when mortgage rates are high is the best thing you can do. Provided they sart to fall.

I remember looking in 1980...the realtor told me just use the mortgage interest rate deduction.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News