[senthil_rajasek]

Between 2009 and 2021 ( low and decreasing interest rate regimes) ARM 3,5 or 7 year were a better choice to fixed rate mortgages.

ARMs are not a bad choice if you know what you are doing.

It is also a great choice if you are not planning to stay at a place for all your life.

[InTheArena]

But 2007/2008 drove a number of people w/ these mortgages into bankruptcy.

It's a risk thing.

[senthil_rajasek]

The 2007 housing crisis was primarily a subprime mortgage crisis.

ARMs are not the devil just as CDOs aren't the villain.