Replies

To: Alberta's Child

Maybe. But you won’t be earning enough money to afford the home when it costs $100,000 anyway.

I walk away from my mortgage and pay cash for a new house(providing I have cash).

17 posted on 01/15/2015 7:11:27 PM PST by central_va (I won't be reconstructed and I do not give a damn.)

To: central_va

... providing I have cash

Exactly. That's why you're better off sitting on your cash instead of making mortgage payments in a deflationary cycle.

20 posted on 01/15/2015 7:16:30 PM PST by Alberta's Child ("It doesn't work for me. I gotta have more cowbell!")

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794