I am not sure why anyone ever thought of their home as an ATM as it was something I could never understand. However what has become clear is those days are long gone. The home is what it is: A place to give you shelter and raise a family. If you break even you are doing good and if you make money, fantastic.
This article in the LA Times rightfully points out that we should not consider our homes to be a big ATM machine. The truth is they never were. Besides the bubble, which we all know now occurred, the reality is that it was the LAND which went up in value not the house. Take heed. Let's try not to repeat this disaster 20 years from now. However, history tells us that 20 years from now, when this time is long in the rear view mirror, a new generation will be talking about how the "economic rules have changed" and a "new paradigm" is upon us.
I will be sitting shaking my head and asking will mankind, as an entity, ever learn.
















You Can Resist Even if You are In The Military!




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