[Always Right]

ARM’s are for idiots, and that will soon be the mantra of many by this time next year.

Idiots who want to save money. Right now the spread has come down, but it saved me a half of a point over 5 years when I did it, which more than justifies it. I have never stayed in a house more than 3 years. You can live in a bomb shelter with a security blanket if you wish. You have to base decisions on reality. You can't just make blanket statements and call everyone an idiot who does not agree with 'your reality'.

[Hydroshock]

And lose their homes. I saw a whole lot of ARM’s foreclosed on in the late 1980’s. An I am seeing it now on a larger scale. If you can not afford 120% of the total cost of a house on a 30 year or better yet 15 year fixed with 10% down it is to costly for you. ARM’s are gambling with your families financial future. I will not do that to my kids.