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Originally Posted by Storekeeper  I guess I'm blind about what's really going on in the US since I'm surrounded mostly by success stories. People who have done quite well in mutual and stock funds as well as being smart enough to lock in, or refinance to lower mortgage rates. |
Sure, there are some people who are doing smart things. Remember that most mutual funds are poor, and only seasoned investors should go into and out of stock.
Refinancing a mortgage is good. But the most important thing is the positive cash flow, IMO.
People in Kitsap have 1 owner-occupied house. But they claim they can't get the second house. Maybe this is true. Maybe not.
I know some success stories, too. But it's by people that own multiple dirt (raw land) and multiple single housing units and apartments.