Quote:
Originally Posted by ken0042
I think what he is saying is put down the deposit on the $600K house now, wait for it to be built, then when its ready sell his current house for $700K in the spring of 2008.
As long as the market continues to go up, he will be OK.
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I dont think I can put down a deposit on a new house as I believe you need proof of getting a mortgage to build, I could only do that after selling my house.