Magic money, just dropping off trees in the front yard. Just buy a home and the money spigot overflows. As if the money pulled out of a home (appreciating asset) and spent on cars, vacations, Super Bowl trips(!) (depreciating assets) doesn't have to be paid back. And the poor are missing out on this stupidity!
"... in U.S. history has delivered riches. They repeatedly tap their homes for equity and use the cash to purchase granite countertops, a BMW, even a trip to the Super Bowl "
Eh? What 'riches'?
A BMW financed with an equity loan?
I'd rather pay cash for a YUGO! Thank you very much....