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Originally Posted by MacDougalbry
I agree... unless, of course, you have taken out a HELOC's (Home Equity Line of Credity), which have become an extremely popular way for people to tap into their new found "wealth". A lot of people are living high off of these paper gains.
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I haven't looked closely at a HELOC contract - if the value of your home drops, does that trigger an immediate cash call from the bank for borrowed amounts in excess of the value of your place?