Which means that your kids may not be able to afford housing in Fort Lauderdale when they having families of their own...............Until the wave of foreclosures devastates those who bought at prices they could never afford without gimmick financing.
One has to keep in mind how much of the price inflation represents true value and how much of the price inflation is only made possible by the extremely risky financing gimmicks that will leave your kids either homeless after foreclosure or slaves to a mortgage where the principal will never be paid off.
In 1929, every Tom, Dick and Harry was buying hyper-priced stocks on margin and with ......interest only loans.
Yeah, margin loans are interest only. Duh.