Even Rich Treat Houses as Piggy Banks » financialsurfer.com

Even Rich Treat Houses as Piggy Banks

November 7th, 2009 | Category: Personal Finance
By JOHN R. EMSHWILLER LOS ANGELES — In recent years, millions of Americans looked at their houses and saw big, fat piggy banks. And it occurred to them to take out big, fat new mortgages. Few did it on the scale of Ronald Burkle. View Full Image The Green Acres Estate Mr. Burkle, the grocery-store billionaire, has $56 million in loans against two houses, including $9 million added last year. One is his iconic Beverly Hills…

View the entire post here: Even Rich Treat Houses as Piggy Banks





Loading...

Loading...

Leave a comment | Trackback
No comments yet.