5 ms·
Easy to dismiss, but the only difference between my experience and their ARM fiasco, is that I had an 18 month period to realize my payments were only going up,
by Damogran6 9y ago
Easy to dismiss, but the only difference between my experience and their ARM fiasco, is that I had an 18 month period to realize my payments were only going up, AND I had the additional income to refinance into a fixed rate loan.
It's very easy to blow this off as a 'caveat emptor' thing. Doing so GREATLY misses the point.
It's now virtually impossible for a young couple in Denver to afford anything OTHER than renting. The market is pricing homeownership completely out of reach to a VAST majority of the population.