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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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Not so much. My little house in Arizona cost me $220k in November of 2002. I'm about to sell the house because I'm moving back to California, and we are putting it up for sale for $450k. Even if I had an interest only loan, I'd still make some serious bank.