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Politics : Politics for Pros- moderated
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To: quehubo who wrote (232497)12/24/2007 11:47:56 AM
From: LindyBill  Read Replies (2) of 794399
 
I know of many people who make $75-100K a year and who used their homes as ATM's

I bought my second home in 1964 for 23K and when it ballooned during the 70's I refinanced to put my wife though college so that she could become a teacher. As it continued to inflate, I used seconds to pay for various things, and ended up by the time of my divorce in 2001 owing a first only of about 170K on it. My ex sold it last year for 500K.

As I look back, I certainly don't regret with I did.
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