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Welcome to SportTrac.Org
Off Topic Discussion
Mortgage Questions
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<blockquote data-quote="Nelson Atwell" data-source="post: 767594" data-attributes="member: 59102"><p>I wouldn't buy in an area or neighborhood where the price of real estate is likely to drop. It is better to hold on to what you already own, or rent in some cases. Michigan and Ohio are bearing the brunt of this economic downturn. What you pay $100K for today, could be worth $80K in five years. It doesn't matter how smart you are in the mortgage, if you lose you butt on the actual value of the home.</p></blockquote><p></p>
[QUOTE="Nelson Atwell, post: 767594, member: 59102"] I wouldn't buy in an area or neighborhood where the price of real estate is likely to drop. It is better to hold on to what you already own, or rent in some cases. Michigan and Ohio are bearing the brunt of this economic downturn. What you pay $100K for today, could be worth $80K in five years. It doesn't matter how smart you are in the mortgage, if you lose you butt on the actual value of the home. [/QUOTE]
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Off Topic Discussion
Mortgage Questions
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