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To: jjm2111

what you describe is negative blowback of a fairly strong economy

do folks expect you to rent till you have 200K for the downpayment?

it's tough


42 posted on 05/09/2006 10:06:26 AM PDT by wardaddy (I am buying Shelby Steele's new book: White Guilt)
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To: wardaddy

Right now, I rent well below what I can afford rent-wise. I have some solid down-payment money saved already and w/ a VA loan (I'm a vet), I can escape points, mortgage insurance and some of the other b.s.. But, and this is a big but, taxes and the cost of property would make the mortgage payments unaffordable.

With maintenance, taxes, and mortgage interest, I've never thought that home-ownership is this great economic panacea (though I may be wrong) and that in some instances, it may be wiser to rent and invest my savings than to sink all of my assets in a home.


43 posted on 05/09/2006 10:31:24 AM PDT by jjm2111 (http://www.purveryors-of-truth.blogspot.com)
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