Merch, I'm not disagreeing. Everything you said is true. I just think leverage is more significant when dealing with investment properties than when dealing with your primary residence. Personally, I'm not all that concerned about the value of my home. If it goes up, down or sideways, we have a place to live at what we consider a reasonable cost. If the value skyrockets, we aren't selling. If the value plummets, we aren't selling (unless the neighborhood becomes unsafe). It wasn't purchased as an investment.
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Steve
Join the 2009 Ebay Challenge!
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
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