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The Water Cooler
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The Joy of Home Ownership
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<blockquote data-quote="TANSTAAFL" data-source="post: 3832175" data-attributes="member: 27098"><p>I have heard nightmares in states were buyers were told recently, "don't worry, this area is increasing in value rapidly and your home will, you will be able to refinance in 6 months and even pull money out! " Very sad, no stock broker or real estate agent can promise that legally but they are. In one case the property has done what the agent said, however with rates as high as they are currently the home payment would be unmanageable and the home is in a blue state.</p></blockquote><p></p>
[QUOTE="TANSTAAFL, post: 3832175, member: 27098"] I have heard nightmares in states were buyers were told recently, "don't worry, this area is increasing in value rapidly and your home will, you will be able to refinance in 6 months and even pull money out! " Very sad, no stock broker or real estate agent can promise that legally but they are. In one case the property has done what the agent said, however with rates as high as they are currently the home payment would be unmanageable and the home is in a blue state. [/QUOTE]
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