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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (6372)	7/29/2001 12:19:20 AM
From: Ilaine	Respond to of 74559

>>All over America, borrowers such as the Campbells are rushing to take advantage of the rising value of their homes.<< Since we bought our current house in 10/99, our equity went from $70K to $170K, just on paper. The only reason we don't have a problem resisting cashing out and putting the money elsewhere is that we just bought the house and the notes are a tough nut. Anyway, there's nowhere to put the money that's safer than where it is. But if the market turned around - it would be very dumb not to cash out and put it into the market. With the tax deduction it's almost effectively interest free to refinance. Funny how easy they make it to do exactly what they want us to do.