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Anyone buying a home in 2008 wasn't doing the math. That was prime time bubblesville.
by jfolkins 11y ago
Anyone buying a home in 2008 wasn't doing the math. That was prime time bubblesville.
- LordKano 11y agoARMs and Interest Only mortgages factored heavily into that situation. I have a friend who lost a house during the bubble because his ARM went up when he was having financial difficulties. I bought mine a few months before the bubble burst. Fixed rate and a reasonable (at the time) rate. Interest rates have dropped since then but I haven't taken the time to refinance.