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Originally Posted by pocketkangaroo
If the house appreciates at a higher rate than the interest you pay on it, you are making money with it.
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Very few areas are doing that and even those are slowing down. If you have a 30 year mortage or even 15 years, I can tell you that there is no way your house is appeciating that much over that long a time. Pure insanity. It's like retards that just pay the minimum payment on their credit cards. If anything people should actually be paying MORE than what their actual payment is so they end up paying less interest