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To: Porterville
"If a renter can’t afford 2,000 a month for 15 years let him pay 1,800 for 30 years. Stretch it to 40 years."

There is a point where buying becomes so demonstrably more costly than renting that you have to give up. That point is close to 30 years.

50 posted on 09/15/2008 9:59:04 PM PDT by editor-surveyor ( If Obama had Palin's resume and experience Obama would be qualified to be VP too.)
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To: editor-surveyor
I wasn't talking about renting, it was more a tongue and check on “interest-only”

But if a bank can have cash flow, during times of failure, than they can buy time to reorganize assets.

It isn't hard. It is how we as the populous live every month. We as the populous, when times are hard, find ways to secure cash flow. The banks don't. They are rigid. They are like a retarded bull. A stupid retarded bull. They only bend the rules for gravy.

57 posted on 09/15/2008 10:10:03 PM PDT by Porterville (Mac Truck)
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