aussie new breed- 15 millionaires everyday, page-7

get real, people are not so stupid that they cannot work out the difference between and asset and a liability and work out the net equity.....
I think the most recent figures I saw was melbourne house price growth was 26% to june 2010....

so a simple calculaion.....if my house was worth 1,000,000 in june 2009, its probably worth 1,260,000 now
260,000 more than last year.....
its really easy to see, how easy it is to become a millionaire

the same house was worth only 400k in 2000, with a 300k mortgage.....mortgage is now 200k, after 10 years....
sell the house, pay out the mortgage, and walk away with over a million in cash.....and a profit of 860,000

or not sell the house, but go to the bank, borrow another 200k to start up a business....
thats how the smart ones do it....