Even the Rich Are Treating Their Houses Like Piggy Banks

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7 votes

Posted By: Ted Harris, about 2 years ago (Report Spam)
Category: Housing / Type: News
Source: online.wsj.com

Traditionally, the super-rich didn't bother with mortgages, but that changed in the boom years -- and it is still going on. Recent big-time borrowers include hedge-fund titans and baseball magnates.

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At 05:07PM on November 17, 2009 - Jim Wineinger said...

It also makes one wonder, if they had not used this credit monies, would there have been more filter down to those who really need it?

At 12:49PM on November 17, 2009 - Will Barnard said...

They all need to come to my one day bootcamp :) How to make money using the walls of your expensive home! Think that would sell?

At 12:48PM on November 17, 2009 - Will Barnard said...

Teh smart super rich do use teh cash in the walls of their houses, but not for liability purchases, but for wise investments!

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Even the Rich Are Treating Their Houses Like Piggy Banks

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