So, who is actually the smart one here?


PocoLoco wrote:
NOBBY!

He's the one who will be pocketing the money while the rest of you are telling
him how foolish he is!

If he can really afford a $5000/m home payment on an interest-only
mortgage, and is *gambling* that his home equity will rise fast enough
to both pay off the home and provide a good financial return, wouldn't
he be better off living cheaper and investing that $5k/m?

Hmm, this is one of those times when one should "do the math." It's
clear that you and Nobby haven't.

But then, he'd have nothing to brag about though. For some reason,
"conservatives" aren't impressed by sensible living & money in the bank.

DSK