Nicholas Geti wrote: > Not inflation but other indicies at the lenders choosing. > http://en.wikipedia.org/wiki/Adjustable_rate_mortgage They did not exist > when I bought my house 40 years ago. > > As an aside, I paid $44,500 for my house at that time. Last year it was > evaluated at $650,000. I paid $257.00 per month fixed interest rate until > the mortgage was paid off. So you can see what inflation has done to house > prices. My income never grew at that same rate, however. Also I have spent > an enormous amount maintaining my house and upgrading it. I do not consider > it an investment; only a drain on my time and income. I am pretty sure that > the house has been a net loss.
So if you had it to do over again, you'd rent instead of buy? _______________________________________________ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
