I have posted this story before but I will post it again as a follow-on.
My friend just moved his family into one the giant Mc-Mansions in San Elijo. He is paying only HALF!!! of the owner’s mortgage. How does my friend know this? BECAUSE THE OWNER TOLD HIM SO!!! I’m sure this Mc-Mansion was purchased near the 1 Mil mark so you can imagine what the mortgage must be.
Unbelieveable. Well, since my friend doesn’t want to have to move his family again anytimg soon he signed an 18 month lease. Stop and think about that for a second: the owner is committing himself to a 50% loss every month for the next 18 months. The owner can’t sell the house because there are 3 other homes with the exact same floorplan on his street that haven’t sold in months.
