Spot-on, KIBU. But hopefully 5 years from now prices will be down a little, and we responsible people can buy a decent place to live in. If prices are down a lot and start turning up, I will buy lots more properties using 100% non-recourse loans, selling one or two a year, the ones with the biggest gains. When the next downturn hits, I’ll have a few million in gains safely in the bank, and will default on the properties that are upside-down.
