Well I bought in the lower tier back in February and fully expected(and still do)the appraised value to drop maybe 20%, but I got a really good interest rate and am buying at the same price neighbors are paying for rent. Ok, it also made the wife really really happy! As an aside Zillow(which I don’t believe is accurate)says the house has steadily increased like $5000 a month since we took possession,that’s gotta make the bank really happy,as I won’t consider myself a homeowner until the mortgage is paid off,no delusions here.Did I mention that it’s a really nice house?
1)If you lose your job,does it really matter if you rent or pay a mortgage?
2)I think we are in a Depression.
3)I’ve believed in shadow inventory since we passed the peak in Nov.’05
