[quote=CONCHO]Hahahaha these rent skimmers are going to have the last laugh. I know a couple in Arizona that defaulted on two homes while collecting rent on one of them and saving their mortgage payments. It took the banks a couple of years to handle the foreclosures and they banked huge money during that time. At the end, their credit was ruined but no problem, they had accumulated enough cash to purchase a beautiful home without a mortgage. They are now living the high-life mortgage free. He is about 33.
Back to work suckers![/quote]
CONCHO, it is entirely possible in the lesser-desired areas in AZ to purchase a sub $100K house (from a couple of years of “skimmed rent”), but NOT in coastal CA. More power to your “friends” who are living the “high life” in 115-deg heat! Having driven thru that lunar landscape on several occasions, I wouldn’t exactly call living there (in a cheaper house, to wit) the “high life,” lol!
