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Finding The Flowers in the Thorns
Remember that old saying about putting your money where your mouth is?
On Sunday I wrote about the new companies which are willing to lend home owners money for a share of future equity in the home. “New Ways to Turn Your Home into an ATM” I’m not a fan of these companies or this “Option” for pulling more equity out of a home. But I do take one positive away from the article.
If there are people willing to lend home owners money on the basis of future equity gained on the property then there are investors who believe very strongly they will make some very good returns on their investment. This mean, at some point in the future, (it might be a few years) they think the real estate markets all across the country are going to see gains which will increase the value of homes on the market enough to make them money.
I don’t agree with this business model, but I do appreciate their willingness to “Put their money where there mouth is.”
I also agree Dave, seems like another way to use your house ATM. BUT for those that want to lend the money it obviously means they have a strong belife that home prices are due to increase so thats a promising note….