Sunday, March 23, 2008

Pop goes the rental investment market

Ah, area real estate. You know this won't end well:

Robert and Yvonne Cromer began investing in real estate in 2000, when they tapped the equity in their College Area home to buy a nearby rental property.

Over the next few years, the San Diego County couple repeated the pattern, accumulating 17 properties in five states. In 2004, they were featured in a CNN Money article headlined “Tycoon in the Making.”

I don't think they are tycoons any more.

This article touches on You Walk Away.com (I refuse to link) that helps people, well, walk away from their homes. Just leave. Buh-bye. Doesn't seem responsible.

I'm glad I'm still renting. Even if I'm really tired of my eggshell walls.

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