But you just said that paying of the MR doesn’t increase the value of a particular home by as much as the amount you pay off. How is knowing that you can pay it off (and effectively lose money), any comfort at all ? ?
he point is – you put yourself in a no-win situation. Here I am, today, with no house.
OK. So I can choose to buy a house with MR or not.
If I choose an MR house, then I am choosing to buy either the right to make payments on a 9% loan or the right to make a lump-sum payment which will improve the value of my house by less than that lump-sum payment.
If you choose to put yourself in a position where your next move is a choice between two bad options, then it’s a bad choice.
Those MR should trade like the cash liabilities that they are and the only way is for buyers to start putting MR payoff requests in their offers.
