[Rick Lee]

I sort of dodged a bullet, in that I was positive I would not stay in this house for three yrs., but happened to get a 5/1 ARM for the same price as a 3/1, so I took that. Now I'm coming up on two yrs. and 11 mos. and ain't gonna sell. I'm moving, but can't be bothered with the selling/realtor/waiting game and Jan. ain't the best time to sell a house anyway. I'll rent it out for about $200 positive cash flow per month and ride it out until either the market picks way up or the ARM adjusts to a point where I just can't take it anymore. Not all ARM's go up and even if they do, they don't always even reach their adj. cap. I wouldn't panic just yet.