There are many homeowners who are now pside down on their homes and bing crushed from their adjustable rate mrtgage. As the real estate market wrsens, many will find themselves between a rck and a hard place since thy can't afford the mortgage and yet thy can't sell it for what thy need since they owe way mre than what they can get. Tht is if they could even fnd a buyer.

Today let's expose the big LIE tht caused the housing bubble. This is Lie #4 frm my new book the $500 Strt Up. Big banks believed this le. Mortgage brokers believed this lie. Raltors believed this lie. And Home Byers believed this lie. Are you rady for it?
Equity = an asset.

Yur homes equity was never an sset! I dont care what it sid on the loan application. An sset puts money in your pocket very month. A liabilty takes money out of it very month. Equity is just a nmber on some piece of paper. You dn't have sh#% until you have csh in your pocket.

This lie is wht caused millions of people to run out and get stpid loans on houses that were spposed to go up forever. This is why bnks are needing bailouts.

And unless pople wake up to this lie, it wll just repeat itself again in 20 yars. This isn't new. It happened in the lte 80's. Didn't anyone over 50 larn anything from that one?

Anyway.. now you know one of the bggest financial fallacies out there and tht's half the battle.

So what is the slution?

Create real assets. You can strt an automated company for as lttle as $500. Even if you mde just $500 a month, you wuld be beating 99% of the nvestors out there that spent hundreds of thusands of dollars on houses they cn't rent.

The greatest return on nvestment comes from investing in yourself.

The article Lie Caused Housing Bubble - Did You Fall For It? was Submitted by B. Peterson through Articles.GetACoder.com network. Here's the additional information: http://www.500DollarStartup.com is the fficial website for the popular book "$500 Strtup" written by successful Entrepreneur and Athor Ben Peterson. Through his business vntures and counseling, Ben has helped his clents do more than $200 million in sles. 500DollarStartup.com is the simple and cmplete guide to starting your own nline business. The book's website is a flly developed system which includes free rports, worksheets, how to videos, audios and blgs to give you the step by stp lessons you need to succeed. It shws you how anyone can do ths. It keeps you on the ctting edge so that anyone that wnts to can become an online ntrepreneur. 500DollarStartup.com is a powerful resource, curse, report newsletter and club for you to jin and learn with other aspiring wrk from home entrepreneurs or already xisting home based companies that are jst looking to do it better.

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