[quote=flu]I think more appropriately moving forward will do a maximum cash out refinance, and tuck that money into a tax sheltered/deferred account…
That’s what rich people do…They don’t realize capital gains if they can avoid it during a tax unfriendly year(s). They ask the bank for a loan, use the loan instead of realizing capital gains now, and then use the loan for reinvestment. Look at what Facebook founder is doing to pay for his pad. He’s taking out a cheap loan….
I hope the stock market tanks all the way until the end of the year… I hope we have falling rates, and I hope that this down market wipes out the investment spirit so that we can get some decent inventory locally again for the first quarter in 2013……..[/quote]I’m already doing that. I hope you’re switching to 30 years from a 15 years loan. Why pay a cent more and a day quicker when interest rate is near 0%.
I like how you’re thinking flu regarding inventory. I hope the market crash and burn too, for similar reason you stated. Not only that, but I just got in on some soxs and spxs :-).
