Ok, I have heard about interest only mortgages, and for the life of me can't figure out WHY anyone would want that. You are sending money to the bank, and not paying down the principal. To me that is CRAZY, but maybe there is a good reason for some people I don't understand. This is where I KNOW it is CRAZY. A car dealership is offering no payments until 2008, or something like that! WHAT???!!!!! Don't people understand that as soon as you drive a car off the lot, you have lost money? You are going to buy a car, and while the value is depriciating, you are not paying down your loan? What will happen when they go to trade it in, or try to sell it, and can't get what they owe on the loan? Am I in the twilight zone here? People can't be that desperate for credit, can they?