On Tue, 20 Sep 2005 07:50:54 -0400, DSK wrote:

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?

Not if he is enjoying the life he is living. Who are you to say what lifestyle
NYOB would be 'better' enjoying?
--
John H

"All decisions are the result of binary thinking."