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

To: John Vosilla who wrote (282873)	10/12/2010 8:21:18 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

Soros stepping back from the election to avoid the avalanche...

To: John Vosilla who wrote (282873)	10/12/2010 10:06:32 PM
From: Lazarus	Read Replies (1) \| Respond to of 306849

John, i dont understand what it is you're trying to say... i will reiterate though what I said: unless you pay cash for a home you're paying for money. that is why when you look at your mortgage (when interest rates give a modest return to investors) you see that you're paying MORE FOR THE MONEY THAN YOU ARE FOR THE HOME. 200k at 6% over 30 years = $231,677 in interest. which is why when they remove the access to easy money home prices plummet. the value is not really based upon replacement value and even LOCATION as much as: THE COST TO BORROW THE MONEY the renter does not have to pay the taxes or the maintenance. after we bought our home we talked about how it was so nice to have the landlord come over every week and mow the lawn, etc. now, i either have to pay for a gardener or spend hours every week maintaining the yard. i think we would be a lot freer if we thought like Poppa Neutrino: who was aware that rent ( or a house payment would ruin a man. youtube.com