The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: MulhollandDrive who wrote (1937)	2/26/2002 4:32:14 PM
From: Tradelite	Read Replies (1) of 306849

re: borrowing against a house to buy stock. Anyone who had taken the trouble to consult a competent and reputable financial advisor before doing that would have been told NOT to do it, but I do know some people did. If their home increased in value, but their stock didn't, and they're now stuck paying principal and interest on a bigger mortgage, I'm sure they've already absorbed the lesson. Too bad. And yes, granting seller financing is a wonderful thing. Amazing how few sellers I could ever convince to do that. They wanted to SEE da munny. Am currently getting a 10-percent yield on a little piece of land myself. It's not much but it's nice to have the checks roll in.

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