Living in Breckenridge Colorado
Admit it we all want to keep interest rate low, and home prices high so we can sell it even higher without loss. At least that's what it appears to be. It's called the greater fool theory. The heck with the actual meaning of 'home' and affordability.
Are you liberals, as blind as you are dumb? Bush was president, but who was writing the bills? Dems. You all loved Clinton and give him the credit for the economic run when he was president, but who was writing the bills? GOP. It's not whose pres that counts, it's whose running the congress/senate.
In part because whether mortgage rates are high or low, you're still on the hook for the actual dollar amount of the purchase.
A $300,000 loan at payments of $3,000 per month is the same amount of debt as is a $300,000 loan at $1,500 per month.
Meaning -- if you find yourself underwater, no interest rate in the world is gonna help.
Member since Sunday, August 21, 2011
(9 months)
