Car Today, Home Tomorrow?
Filed in archive on April 29, 2005
This is what can happen in a "monthly payment" world. Is housing different than autos? By miles. But I sense a similar trend in homebuying with buyers trying to fit into a monthly payment. It can leave you with little or no wiggle room if real estate were to back off and you had to sell.
You don't want to be upside down - car loan, home loan, any loan.
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