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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." |
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