[quote=matt-waiting]
The reality is that most people don’t follow this sound advice and trade up. My question is do the Piggs think that the move up type market (properties >600K) will soften in the future because of the disincentive for FTB to close out a 3.5% loan and take on a 7% loan (or whatever it is in the future).
I generally don’t like to trade a good investment for a bad one. I would think that other FTB would not want to also.[/quote]
OK. Let me get this straight for you first. A primary residence is a consumption rather than an investment. You move up because your income justifies higher consumption level rather than for “investment” purpose.
