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Originally Posted by Peaches
I'm going to sit back and wait for the interest rates to go up and all the idiots who bought with nothing down and ARMs selling their houses for what they owe or getting foreclosed on. Then rent those out to the idiots who bought with nothing down and ARMs who sold their houses and can't afford to buy another one ;)
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The problem with this theory is that you then have a mortgage with a shitty interest rate, which makes it way more expensive in the long run. Unless of course you buy it cash
