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Reply #5: All those 100% and 125% mortgages... [View All]

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Home » Discuss » Archives » General Discussion (01/01/06 through 01/22/2007)

JuniperLea

(1000+ posts) Send PM | Profile | Ignore

Mon Aug-28-06 06:50 PM
Response to Original message

5. All those 100% and 125% mortgages...

The banks WILL get their money back...

And then there's California... in my neighborhood, the median price is $650,000...

In 1970, my parents put $2000 down on a house worth $28,000... that house is now worth over $700,000... and trust me, the neighborhood isn't posh by any means.

Nutty.

My house is on the market... I'm pocketing the cash and forgetting I have it... although I have been tempted to follow Cheney's lead and put it all in Euros...

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