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[quote=Anonymous]1st- you bought a home and then refinanced. 2nd- you bought a starter home 3rd- your price tag was just as steep So, what's different? They aren't going to buy large home in the high income district. They are going to buy something according to their HHI, like you did and we did. They can refinance later, like I did many many times, starting with the interest rate of 17, then 12, then, 10, than 8, then 4 then 2.8. After they live 10,20 or 30 years there, they will sell if they want to, or stay, with the same appreciation that you got- that just literally happened to you in the last few years. You weren't in a special time and either are they. [/quote]
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