The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Think4Yourself	4/3/2006 2:33:45 PM
	Read Replies (4) of 306849

Here's an interesting way to lock in your current home price. Take out a HELOC for 100% of the appraised value, or more if you can get it. Bury it in the backyard. Quit/lose your job and enjoy life for a few years. Wait three years and walk away from the home, declaring bankruptcy. You can do it because you will be way under your average state income level. I am actually somewhat seriously considering doing just this, as are a few other people I know. Anyone see a downside? I really don't, other than a somewhat damaged credit rating, and for what I pocket I can live with that. Most of my assets are untouchable so it's not like they can be siezed. If the banks are dumb enough to do it, and they still are, stick it to them!!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next