To: operation clinton cleanup
>>What is the difference between an interest only loan and renting?<<
In my case (I rent) about $1,400 a month. That is one reason many see this as a bubble. But I think it is a credit bubble as opposed to a housing bubble. As loans reset, even those who don't lose their homes are going to have an impact on our economy as the money they use to make the higher payments is not used to buy stuff.
11 posted on
09/24/2006 12:19:18 PM PDT by
RobRoy
(Islam is more dangerous to the world now that Naziism was in 1937.)
To: RobRoy
I can see an interest only loan if the property value is expected to rise, but I would rather gamble my money elsewhere.
To: RobRoy
As loans reset, even those who don't lose their homes are going to have an impact on our economy as the money they use to make the higher payments is not used to buy stuff.Who gets the extra money the borrower pays? The bank. What does the bank do with it?
38 posted on
09/24/2006 3:19:26 PM PDT by
Toddsterpatriot
(Goldbugs, immune to logic and allergic to facts.)
To: RobRoy
As loans reset, even those who don't lose their homes are going to have an impact on our economy as the money they use to make the higher payments is not used to buy stuff. Yeah, if only those darn bankers would quit burying the money in Mason jars as soon as it comes in and start, oh, maybe investing it....
127 posted on
09/25/2006 9:12:53 AM PDT by
steve-b
(The urge to save humanity is almost always a false front for the urge to rule.)
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