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brinkofwarz OP t1_iu5ssjm wrote

Reply to comment by UTGay91 in my dad wants to know if he should get a lawyer because he's losing money by brinkofwarz

Real estate is the best investment when it's going up.

And his mortgage is variable.

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UTGay91 t1_iu5z7pr wrote

Real estate will always go up! Everytime it falls, it just goes higher next time. Look at the cost of homes over the decades. Over 70% of net worth in the United States is in real estate! He’s just going to have to keep it for 5 years. Big deal!

That was the mistake. ARMs are dumb!

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