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Reply #3: I don't quite understand what you mean
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FlaGranny
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Wed Nov-26-03 10:47 AM
Response to Reply #2 |
3. I don't quite understand what you mean |
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by get out of real estate. Do you mean everyone should sell their homes? People would have to rent for higher monthly costs than their mortgages. How would renting be an improvement over paying a mortgage? Even if the bottom drops out completely from real estate, if you can keep paying your mortgage, eventually you will have it paid off and own the real estate. But even if you can't continue the payments and lose the property, you would be no worse off in the long run.
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