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Old 05-22-2005, 04:59 PM  
Rick Latona
The Best Ideas Start Here
 
Join Date: Dec 2002
Location: Atlanta
Posts: 6,037
Lars,

I totally agree with you and I've been preaching this for almost a year now. Georgia property has increased less than most states in the nation. I feel ok about my house because I bought the cheapest one in the very best neighborhood. Also, I don't have a mortgage at all. ;) That said, I'd be nervous as hell buying a home in New York, Florida, California, Arizona, Hawaii or Nevada right now. If you are buying a home in one of those states and are doing an interest only mortgage, you can't say we didn't tell you so.
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Rick Latona
http://latonas.com

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