We have a guest from Virginia who is all into politics and the healthcare debate. He was complaining about a Sesame Street episode that contains a disparaging reference to PoxTV, which sounds a lot like Fox TV. He says it’s not just coincidental that a Federally-funded TV program comes out against his favorite network. Maybe not, I don’t know.
When he wasn’t complaining about politics, he was bragging about the new house he bought in the mountains of Virginia. He said he found his Virginia mountain home on the web, and the price was low. And of course, he got the $8000 home buyer’s credit, and a low mortgage interest rate. He says his monthly mortgage and insurance payments are much lower than his previous house, and he works from home on the internet.
In fact, he plans to get a home equity loan HELOC and use the money to buy more land adjoining his acreage. He wants to buy the land soon, because he thinks that prices and interest rates will soon go up. He thinks that investment property in the mountains will be the new hot market, and he plans to have as much as possible.
He’s probably right, but most of us here are still investing our excess funds in a couple of lottery tickets each week.