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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Regards,
Rick Latona
http://latonas.com
Latona's - We Sell Money Making Web Properties
Note to buyers of websites and traffic: please check our inventory at http://latonas.com/websites-for-sale. If you would like to make an offer on something, just let me know.
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