[quote=harvey]The ultimate irony of the housing bust was that many who purchased at the peak did as well or better than those who waited it out. Just don’t pay your mortgage for a few years while collecting rent, enjoy the RV you bought with the HELOC that was forgiven, get a principle reduction a few years later, and come out ahead of all the “smart” people that stressed over the numbers.[/quote]
Where would the “E” in HELOC have come from if they bought at the peak?
