Category Archives: Credit

Maxed Out

Seven Hills, NV

“I think you’ve just got to be in a master plan, where there are CC&Rs and they can’t build a mobile home right next door or a nail shop. You know, it’s just strictly a planned community. You’re gonna get your dollars out.”

“I could not have paid for the construction of that house if I hadn’t got the loan-to-value, which means they appraised the house when it was done and loaned me money as what it would sell for.

[Title card: This is the same accounting technique used by Enron.]
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