[sionnsar]

BTW, I didn’t run your numbers. I just accepted your claim that your analysis said you got a better deal. If so, good for you!

[Woodman]

It’s been 8 years since then, so I am doing the numbers off the top of my head. The spreads are about right. I currently am locked into a 30 fixed on another property. The point is, I believe borrowers are to blame, they sign the papers, and they own their own fate. I don’t think they should be bailed out. The flip side is the lenders have a responsibility to take the lumps when they screw up. I would still be renting if I hadn’t made my first deal and I would never have had enough money to put down on my second without the first.