Wednesday, July 21, 2010

What happened to Mirror Fogging?

Pete and I were surprised when we went to obtain financing on our new condo.  We were not getting quick approvals.  The problems was that we don't have 30% equity in the other 2 properties we own.  Even though we were putting 30% down on the new place, the lenders were afraid that we will walk away from the other 2.  Even though the other 2 are close to cash flows!  Surprise.  We think it is better for us anyhow to withdraw the money from our stock account and pay cash.  Property ownership may be the more safe investment.  More photos of our place to come.  We love it! Click here to view San Diego listings

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