My home in Rigby, ID is payed off but with 30 year rates under 3% I asked my mortgage broker what I could borrow. He told me my home was worth $600,000 and I coukd borrow $480,000 with no pmi. I asked the wife if I could borrow and invest in a spec and she said no way. She said the economy is too risky but i think values in Idaho are going to keep climbing.
Bb
Specs are always risky, when everyone was doing them 08 they all lost their a$$. These crazy bubbles never end well, but they always end.
