Home equity wealth in America is booming

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5. I'm one who's house is skyrocketing.

In Northern Cal, housing has been going up for a while now. I refi'd recently and paid off a $22,000 HVAC and ductwork I had done last summer. And still had money left for savings. But I saw this happen in 2005 and 2006, so I am wary about the future. At least I got the AC taken care of before the bottom hits. When the downturn happens, we will just buckle down here.

Also, my wife and I have 4 bathrooms, 3 with showers and a utility room bathroom and we have 4 bedrooms. We do have lots of room that would be good for a family of 6 or so. If I sell now, it would be hard to get a good deal on a smaller house and really wouldn't get much of a lower payment, so we are just going to buckle down and stay here.