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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Proud Deplorable who wrote (45604)	12/10/2005 11:05:34 AM
From: Hope Praytochange	Respond to of 306849

that is a scary situation for this couple with no real jobs. Here is a better situation for couple with real jobs working with their parents whom we know. The parents already paid off their mortgage years ago, now take the home equity loan at low rate, they pull this amount with proceed of the sale of their grownup married child and purchase a larger home (6000 square feet, 6 bds and bths) and borrow about 20-30% at low rate. Since the young couple still working so they get better tax break and the parents also get tax break on their own income based on stock and bonds. happy family unless divorce or job loss of one member of the young couple or job transfer and they force to sell the big house and the real estate market is down !!