LATHER, RINSE, REPEAT...

There's no denying the fact that real estate is a great long-term investment...if you look at it with a long-term perspective, that is.  You can't really go wrong when it comes to investing in housing - but the name of the game isn't to repeatedly borrow against an asset...the name of the game is to actually OWN it...or at least most of it so you can leverage your way to wealth! 

How to buy a house with 5% (or less) down payment - Living On The Cheap

Unfortunately, homeowners often think of their investment as a giant ATM machine, and plenty of them are eager to cash out every chance they get for as much as they possibly can.  Some people cash-out to play...perhaps a vacation or to fund a wedding - but people cash- out to pay off other debt with higher interest rates; and they do so without blinking an eye about beginning the 30-year debt cycle all over again. Bye-bye, equity.  So much for that long term investment perspective - it doesn't take much to go from asset to liability with this strategy!   Lather, rinse,...

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