Loading ...TWO houses in my neighborhood just went up for sale and SOLD in TWO DAYS ! This was a 400,000 neighborhood,now its a $600.00 in one year .
My son in San DIEGO owns a house selling for $600.00 a year ago and NOW appraised at $800,000 .
The problem is after you sell,where do you go ? RENTERS are going to get killed because big private companies are buying them and RENTING them OUT.
YES as that German guy said ..in ten years you wont own anything ,you be renting and happy to get that…I think if you qualifly for a Reverse mortgage,you can take take $400,000 house take out 65% in cash ,tax free and inflation will give you your equity back in one year.You still own the house and live there rent free while your equity builds itself. ! SUCH a DEAL !