Professor Elam

I will put Scott Burns column form the Sunday 12/3/06 DMN on reserve in the library.  You will recall that when we discussed time value of money concepts, I was careful to go over the pitfalls of making  a low or no down payment mortgage, particularly at the top of a housing boom.  Scott Burns, the financial writer for the DMN, explains how this is playing out in Dallas, and now California. 

Please read this article and feel free to come by the office and ask questions, avoiding such a pitfall could be the smartest thing you ever learned here at UNT Dallas.

DLE