Yeah Jeff, and don't forget the points! And don't forget that if you're talking really low income, you're talking about a house that will be in need of repairs--that is if you can find a decent house that you can afford to begin with.
Greg Nowell wrote:
>>The situation is complicated by various taxes and fees
>>which interfere with the investment's liquidity.
>>Moreover one tends to live in one's house so the
>>cost-of-interest is mixed up with the quality of life
This is such a shame isn't it? I don't know why those foolish poor people confuse investment strategies with concerns about their quality of life. So irrational.