Thursday, June 12, 2014

How Did Carlucci Pay for His New House?



Last Summer, I showed you that Carlucci just isn’t worth much. His whole stock portfolio had about $5,000 in it.

Still he managed to buy a house for nearly a half million dollars and put nearly $100,000 down?  Where did the money come from? Obviously not from the less than $20,000 he had in a Thrift Savings Account or from the $769 in Ford Stock he owned.

Decide for yourself.  The deed to his house showing a purchase price of $472,000 and his mortgage for $378,000 are below.

--CD

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