Nicholas Geti wrote: >>> I have never seen an interest rate for borrowing tied to inflation. >>> They are always fixed rates.
>> Seems to me that the so-called "adjustable-rate" mortgages are >> indirectly tied to inflation. > Not inflation but other indicies at the lenders choosing. > http://en.wikipedia.org/wiki/Adjustable_rate_mortgage They did not exist > when I bought my house 40 years ago. > > I am pretty sure that the house has been a net loss. Hi Nicholas! I may have gotten lucky with my condo. I picked it up in '91 for $27.5 K furnished, refinanced with a little cash out once and rolled it over to a reverse mortgage a year and a half ago for $100K. I have been plagued by maintenance issues, not to mention the condo Nazis. I guess I broke even, though. -- Regards, Pete http://pete-theisen.com/ _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
