Monday, February 20, 2012

Reversal of the American dream - from riches to rags

Living Through the Real Estate Crash and Bankruptcy, by Brad C.

My experience with a tax audit, real estate crash, rental house woes, foreclosures, layoff and bankruptcy:

In a nutshell, we went from a 4,000 square foot home, worth more than $1 million, a vacation home, new RV, Mercedes convertible, Jeep, $50,000 SUV, 20 rental properties, a property management company and a great full time job... To living in a modest rental house in the middle of nowhere.
Comment: Brad, this happens when you side with central bankers. They make you rich only to take it away soon thereafter. Or rather should I say that they take it away from the many to give it to the few.

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