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Reply #27: as i posted earlier
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DesertFlower
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Sun Nov-25-07 08:47 PM
Response to Reply #24 |
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the value of our home doubled within 2 years of building it. i always felt that it was inflated and might go back down.
i listen to a real estate program and they say that people went crazy taking equity out of their houses to buy cars, boats, trips to europe. they've actually used the phrase "people were treating their homes like an ATM machine".
it is easy to fall into a trap, especially when you're young and think you're invincible. i hope what's happening now will be a lesson to young people.
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