It’s only just the beginning! Bring on the adjustables![/quote]
For those starter SFH (or likely condos / townhouses) buyers expect to grow their earnings in the coming years, ARM might not be a bad way to go to get into the SD market, then sell the property 5/7/10 years down the road via 1031 exchange into a destination house / zip area.[/quote]
Yes for a variety of reasons people rarely hold onto mortgages longer than 5 to 10 years. Now the low rates of the last few years may make that less common but most people sell or refi within 5 to 10 years at least once.
