Bruce Johnson wrote: > > I mean what person in their right fucking mind with a moment to think > soberly about it buy into an interest-only pmortgage?? That's just > renting the fucking place with none of the upside and all the downside > of owning, unless you're just flipping the place. And hey, wasn't that > the path to riches?? It worked for Trump! (of course he DID inherit > his FIRST 20 million...) > >
This article gives an example. It applies to probably < 1/10 / 1% of the population. :-) http://www.raincityguide.com/2006/10/15/exotic-loan-programs-and-potential-foreclosures/ --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "StrataList-OT" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/StrataList-OT?hl=en -~----------~----~----~----~------~----~------~--~---
