Re:Tech bubbles are bursting all over the place
by bogomipz on Friday May 13, 2022 @05:25PM
(#31372689)
>"I know too many folks who did 7/1 ARMs cash out refi to purchase another home in a 7/1 ARM loan, banking not on cashflow but appreciation."
What's the strategy behind the "7/1 ARMs cash out refi" and the second homes?
It's curious that would people do an ARM when interest rates were at historic lows no? Were these second home as in part vacation home, part AirBnBs lets?
What's the strategy behind the "7/1 ARMs cash out refi" and the second homes?
It's curious that would people do an ARM when interest rates were at historic lows no? Were these second home as in part vacation home, part AirBnBs lets?