Some financial “experts” say that you should have the biggest mortgage you can get, and for the longest time period you can get, and never pay any additional principle. The reason, because of the low interest rate in comparison to the yield that you could get by investing in the stock market. Are they [...]
On 08.13.08, In News, Real Estate, by Financial Wisdom
When you read an article like the following where a foreclosed home sold for only $1, you no longer have to wonder why banks are losing money.
In what might be considered a new low for the housing market, a home in Detroit sold for $1.
The home, located at 8111 Traverse Street, close to the Detroit [...]