[goldstategop]

If you're never going to get a clear title to a home, its best to go fixed mortgage. At least the payments then are predictable. 30 years ago, just about any one could pay off a loan and own their home free and clear. With the housing prices the way they are today, I don't see that happening, unless someone wins the lottery.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus

[RobRoy]

And one of the reasons the housing prices are where they are today is becuase demand was created out of thin air via crazy loans to people that could not really afford them. As with any pyramid scheme, if you got in early you are ok. If later, well, that's why pyramids are bad.

Oh, and the "thin air" from where the buyers came was "renting". I've been renting in the Seattle area for eight years now. While housing prices have skyrocketed, rents have been absolutely flat. I guess there is no shortage of homes.