Friday, February 09, 2007
Take your home equity and run
Why the blog entry? It amused me to see a MSM article on cashing out and moving
Why? Because I know HUNDREDS of southern California aerospace engineers who need to do this in order to retire at a reasonable level.
Think they'll turn down a transfer to an area where $500k buys a mansion and $400k buys the McMansion on 3/4 acre bordering a forest? Ok, some will. A lot won't.
Oh, the stock market was interesting today. But still no 2% decline in... forever.