[[email protected]]I’m a wine country ranch owner, been here 12 years, poured every last dollar into my 2.5 acre beauty. Used it as an ATM. It’s the best spot on earth and was valued at a million at the peak of the bubble. The poster is right – denial is strong here. It’s difficult to admit that we are “under water” but I can’t keep justifying throwing money away so I am considering short-selling or foreclosure. The horse culture is passionate, but at least two of the big ranches in Valle des los Caballos are for sale and one is for lease.[/quote]
Smart moves. Buy low (1997), HELOC every dollar out of the gain to peak since then, and walk away from the downturn. This is how to use the system for maximum personal gain. All made possible by the US taxpayer, thanks to the controllers of the public purse, the US Congress.
