Thursday, May 26, 2005
This is just a quick link to follow -- an "aside." These are links to interesting things that, for one reason or another, I didn't place into a full posting. Click the link to visit the full article. Go to the blog index for a regular listing of posts.
Thomas Sowell: Froth in Frisco? A real estate bubble could devastate the Bay area, land of interest-only loans - '...Roughly two-thirds of the home mortgages in the San Francisco Bay area are interest-only mortgages. Theoretically, you could make mortgage payments forever without acquiring a cent of equity in your home. You would essentially be renting with an option to buy, should your income ever reach the level where you could afford to pay something extra toward the principal...' (Link)
