As I read this article, I thought to myself, WOW its like playing with long term stocks, only its real estate…..amazing concept. The strategy is really not risky at all when you analyze the concept. Bring money to the table to either sell your home or refinance it and either get into that BIGGER home or lower your mortgage payments considerably……BRILLIANT!!! But its not for everyone. Here in Florida it may not be possible unless you’ve got LOTS of money in the bank and take the “paper loss” over a period of at least (in my opinion) 10 years. But, I don’t have a crystal ball and the economic picture of real estate could quickly turn due to some unexpected event. Read this vey interesting article and I’d love to hear back from you.
Read on: Doubling Down on Housing - WSJ.com
