Quote:
Originally Posted by Cowperson
He does what thousands in Calgary did in 1980 . . . . he throws the keys on the counter and walks out the door and lets the bank have the problem.
Cowperson
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I knew a guy who scooped up a whole pile (10 or so I think) of those infamous $1 houses back in the 80s. Just now he's finished unloading them the last of em. Voila - retirement nest egg.
[/me grumbling at my office desk]
Not that it wasn't a lot of work juggling those financial eggs in the time of 20%+ interest.... Luckily he had access to cheap capital back then.