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To: AJKauf
Interest only mortgage and then takes out yet another mortgage? This story is starting to sound familar.
4 posted on 04/26/2009 10:50:15 AM PDT by Graybeard58 (Selah)
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To: Graybeard58

Yes, the theme is greed. Big returns for no work. Easy money. Pay only the interest, get to deduct all the taxes, interest, etc. and then get a hefty return each year....probably much less in cost than renting a comparably valued home. Too boot, many of these “free money” gamblers were expecting high valuations and eventual sale to make a tidy equity profit. Screw them. If you aren’t greedy you are likely not to get screwed.


7 posted on 04/26/2009 10:52:18 AM PDT by Gaffer
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