Greenfield, a friend sent me this one

you will like it.

"A mortgage banker told me that in late 2007 or early 2008, 30yr amortizing
mortgage will be history. The new trend would be interest-only 30 year mortgage. All principle payments are voluntary, that is, if you want and are applied directly to the loan balance and will lower your interest-only payment.

$320 per month for half a mil loan if you do not pay back any principles.


Basically, nobody woul care about paying off their homes anymore, better to just "rent" it through interest only loan and keep cashing out as the value increases year in and year out.


Take a look at the how REITs have been bonered for the past 3 years.
How Gates foundation and Milers accumulate home builder

We live in the 21st century Weimar Inflation.


Our investment should be aligned accordingly.

所有跟帖： 

• you must be kidding me. It is like history rewritten -Greenfield- ♂ (203 bytes) () 12/03/2006 postreply 19:08:53

• I am NOT kidding. -it888- ♀ (301 bytes) () 12/03/2006 postreply 19:29:35

• Some thoughts -纳荣木兰- ♂ (931 bytes) () 12/03/2006 postreply 19:34:00

• You are right. Weimar is just an analogy. -it888- ♀ (323 bytes) () 12/03/2006 postreply 19:39:34

• same feeling here -纳荣木兰- ♂ (192 bytes) () 12/03/2006 postreply 19:51:39

• The Weimar situation was an extreme exception -dividend_growth- ♀ (599 bytes) () 12/03/2006 postreply 19:46:31

• yes, and one of important reasons to make their case worse: -纳荣木兰- ♂ (274 bytes) () 12/03/2006 postreply 19:56:05

• good points. ding -FaCai168- ♂ (0 bytes) () 12/03/2006 postreply 20:09:16