Yep. People walked away from their homes because they couldn't even afford to pay off the interest.<br><br>Although savings accounts were paying 10% interest. So they should have saved up and paid more cash down instead. <br><br><br>
Paying 3.75% for the house now! <br><br>_________________________________________<br>You expect me to sign here or somethin?
_________________________________________ "The United States is by far the largest exporter of weapons in the world, selling more weapons than the next 14 countries combined."
Don'cha just love usury? I had a friend who started a business during those days. He told me he had to pay 18% on the loans he needed, and everyone thought he was nuts. He retired at 50...rich.<br><br>
_________________________ Old farts, the hidden caulk of civilization. Jim Atkinson
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