Originally Posted by gleem

EXACTLY.. I try and show people this and they think I'm a tool.

Like down here in my neighborhood.. the houses were all bought 3 to 5 years ago for $170k, and they sell for $400 - $500k.. the neighbors are all excited about how much they "made" then I tell them "if you sell where are you going to move?" cause the house all over here are the same price.. The only way to make all the eequity work is to buy cheap properties against it and rent em out, something that none of these people can do..