And you know this how? If that truly is the cas
Post# of 22453
If that truly is the case, you don't upgrade homes unless you expect higher income. $250k might get him from year to year, but if QMC fails, he has to find a new job to support a large waterfront property mortgage.
So if what you say about him trying to sell for a waterfront property is true, then maybe he expects some improvements in his long term cash flows soon. My Spidey senses are tingling!