WALK AWAYS MOUNT...
OWNING A HOME IS NO FUN WHEN IT 'S NOT YOUR PERSONAL HOME EQUITY ATM MACHINE ANYMORE...!
REMEMBER IN SOME AREAS HOUSE PRICES WERE GOING UP 20% PER YEAR...AND REFI'S WERE CHEAP AND EASY...!!
ON A $400,000 ZERO DOWN HOUSE PURCHASE...THAT MEANT YOU COULD REFI....$80,000 PER YEAR IN EQUITY FOR "MAD MONEY" EVERY YEAR!!
ALL FOR THE MERE PRICE OF PAYING INTEREST ONLY ON $400,000 AT THOSE VERY VERY LOW "GREENSPAN" RATES... (AIN'T BUBBLES GRAND!)
WHY WORK!!
BUY AN "INVESTMENT HOUSE" AND LIVE IT UP!! HIT THE CASINOS!
TOWARD THE END OF THE BUBBLE VEGAS WAS FILLED WITH CALIFORNIA REAL ESTATE MILLIONAIRES...WHO "CUT OVERHEAD" BY LIVING IN NEVADA...BUT STILL HAD REAL ESTATE IN CALIFORNIA...WHERE THE BUBBLE WAS THE WORST...
THE NEVADA BUBBLE WAS, TO SOME EXTENT, AN ECHO BUBBLE OF CALIFORNIA...
