[Yadkin]

Originally Posted by Egnalf

you make dumb assumptions. true, I bought near the top of the market. I had another home which I sold at the top of the market, so gains moved across laterally. homes go up, they go down, at the end of a day, its the cost difference which matters. only first time buyers are in tough shape buying at the top.
next up, I took the cash out and stuck it in an online savings account currently earning 2%, so my net cost of borrowing (not factoring tax ramifications or other) is .75%. that will go lower as rates go up. where the fk can you borrow money at .75%

on house two, its current value is mid 2 millions. if I chose to do so it would rent for >125,000 per summer season. the carrying cost is a mere 4200 per month.

none of this factors my ability to earn, my savings, or demand in the areas I own which could give me a fairly easy exit.

just because you and el douche bag think its a bad idea doesnt make it so.

Yet you failed to answer my simple question.