07-30-2009, 06:20 PM
rgG wrote:
[quote=djroga3]
and you miss the point where after everyone leaves reality returns and a year later the house is in foreclosure...
That is exactly what happened to a house they did in the metro Atlanta area. The people took out a huge mortgage on the remodeled house to start a business which went bust and, you guessed it, the house went into foreclosure.
http://www.zillow.com/blog/atlanta-extre...009/03/02/
It's called "Greed". You can put the overextended family into a paid off situation... And they will "re-overextend" themselves.