Please note - $2661 was assumed to be interest-only payment for this video at 00:15 seconds...so, it should of been 8% fully indexed rate instead of 7%. Doesn't change much, just that one slide...I caught it too late. Sorry...
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Again, I wish I had your videos during my many arguments with "housing heads" over the past few years. Maybe I would have convinced some of my friends to not buy in this inflated market.
Hey telemill - yea, I felt the same way - but, then again, I told people/mortgage coworkers 2 years ago not to buy using the same reasoning. Guess what - they never listened...ever. Maybe 1 or 2 close friends listened.
There is still some work to be done - these loans are still being sold right now. http://www.thestreet.com/s/want-an-interest-only-loan-no-problem/newsanalysis/realestate/10372939.html
...please where can I buy a unicorn?
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