California billionaire bets on rentals with Wake home-buying spree

[global1]

1. Think About It....

If your home is becoming a burden to you right now due to rising costs on utilities, real estate taxes and just about everything you put into it - what do you do?

You can downsize - but into what? A smaller home - still facing the same issues? A townhouse or condo - still having to pay real estate taxes and then assessment fees on top of that? Take in a roommate?

My mortgage is paid off - but my real estate taxes are to the point that they are just as much as I was paying before for my monthly mortgage payments. My house is being assessed higher by the county - just as the market value has gone down.

Unless you are independently wealthy - it's getting harder and harder to make ends meet.

Seems like the only thing that makes sense these days is to sell the house that is overburdening you, bank the money and rent someplace - but then you are spending your equity or your dwindling equity that you've worked hard to build up all the years you lived in your home and you are cutting into monies that perhaps you were relying on for retirement.

What does one do? So maybe this billionaire is on to something. Ya think?