Question: Then why in the world would you finance real estate that way? A > 300-thousand-dollar home might lose more value tham a new > 30-thousand-dollar automobie in 2007, based on some forecasts.
> Nothing is the same as it used to be.
Answer: I would. Cars don’t appreciate like houses do. And, most people don’t live in their home for the full 30 yes these days. Why pay down the principle when the majority of the payment is interest anyway?
A better thing is to get the money out of the house now and invest it in a mutual fund or money market account that will earn you money instead of leaving it in the house—doing nothin for you.
Check out my site about the new rules of money http://www.ezleadcapture.com/member/wlg.htm
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