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Article #148Re: Will Bay Area pricing ever drop?
From: David Kaye
Date: Wed, 22 Mar 2000 00:00
Date: Wed, 22 Mar 2000 00:00
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Margarita Lacabe wrote the quoted material below: " -Talk to a lender. You may find out that you can actually afford to buy " a much more expensive house that you previously thought. There are many " loans now that allow you to put less than 5% down [....] That's scary. This means that when the economy begins to stall (as it did in the early 1990s), people won't be able to afford their monthly mortgages and the whole house of cards is going to fall. Buying a home on such a thin margin (5%) is as bad as buying stocks on such a thin margin (something the feds outlawed after the crash of 1929). -- (C) 2000 Part of the Alameda Naval Air David Kaye Station is in San Francisco dk at wco.com
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: f824f,139914297af2ff4a X-Google-Attributes: gidf824f,public X-Google-Thread: 102573,139914297af2ff4a X-Google-Attributes: gid102573,public From: David Kaye <dk@removethis.wco.com> Subject: Re: Will Bay Area pricing ever drop? Date: 2000/03/22 Message-ID: <LKWB4.331$56.4056@sea-read.news.verio.net> X-Deja-AN: 600686394 Sender: David Kaye <dkaye@shell1.ncal.verio.net> References: <8b4n5d$u3g$1@nnrp1.deja.com> <8b976d$2nva8$1@rn.area.com> X-Complaints-To: abuse@verio.net X-Trace: sea-read.news.verio.net 953694251 204.247.248.254 (Wed, 22 Mar 2000 03:04:11 GMT) Organization: Republic of San Francisco User-Agent: tin/pre-1.4-980117 (UNIX) (SunOS/5.6 (sun4u)) NNTP-Posting-Date: Wed, 22 Mar 2000 03:04:11 GMT Newsgroups: ba.housing,ba.general