As many of you may know, I am moving back home with my folks. After 2.5 years of living away why in the world would one do that? I have to admit, I am not looking forward to loosing all the freedom and little fringe benefits I get living away from them. The trade-off is a strategic maneuver for me to maximize my earning potential by not having to pay for rent and paying off my entire student loan and being able to save for my 6 months emergency fund by the same time next year.

This will put me in a great situation where I will be able begin investing or saving for investments which may be very good timing with the all the adjustable rate mortgages expiring next year (330 billion) and 2007 (1 trillion). What does this mean to all the people who haven’t kept up with this possible pop of the housing market? With all the mortgages expiring, we may see the terms of the interest rate to be raised and people not being able to pay their mortgages. Refinancing may not even be a viable option by then with banks setting up stricter requirements and interest rates being higher than before. So by 2007 I should have a some money ready to put a substantial down-payment on foreclosed property. Next step, find a source of foreclosures!