June 13, 2005

Interest Only Loans

Some friends of ours did this (MSN article) and it makes no sense whatsoever to me. Seems kind of like leasing a house. Don't understand leasing cars either. What makes us think we deserve more than what we can afford? Of course most people can't buy a car or house outright, but do these loans makes us lose grip on reality?

Posted by cmwillis at June 13, 2005 9:49 AM | TrackBack
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