Quote:
Originally Posted by henryr
i'm beginning to think were the idiots. i should have bought a $1M home and refi'd it all the way up taking out cash and walked away with a couple million.
then they get to keep all that cash as the gov't passed a relief act exempting them from taxes on the forgiven debt. unbelievable.
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So you're the one that caused this mess!
The equity in your home should not be considered a checking account! If it is, you are living above your means.