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Originally Posted by minusonebit
Wow, people really are stupid, arent they? Why dont they just rent if they are going to pay intrest only? Same thing.
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Most of them are gambling. They believe the market value of the property will grow fast enough to make a quick turnover possible, without having any real equity.
There are idiots who think they'll get more house that way.. some of them even do an interest only with an ARM..