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Like everything else, but espcially with real estate: location location location. Guess what, those of us who live in super high appreciation areas buy on interest only, make 300% on the flip, and the govt kicks you back your housepaymant during tax season. Or, if you're smart, start dropping more into a 401(k) or IRAs. Either way, you win.
Now..living interest only on a short term ARM in someplace like, er, nebraska, where the appreciate rate is less than 1%...thats dumb.
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