I only know of 4 people(oceanside,oceanside,bonsall, poway).. out of all the people I’ve talked to over the last couple of years(one is on this board), that took the cash from selling their house and are holding on to it.. most other people had big wins in real estate, but they put that money right back into upgrading into a bigger house.

It seems these days that home equity has replaced the need for a savings account in peoples minds..

It is amazing the amount of control people have given the banks.. with complete control of the persons interest rate, seems they are indirectly in control of the presons savings(equity)… seems like the swipe at everyones savings is beggining as the cycles reverses..