Abstract
When dentist Dr. Daniel Fink bought his house in Kennett Square, Pennsylvania, in 2003, he paid about $650,000. Three years later, noting an appreciable growth in his dental business, Fink decided to refinance his home mortgage and use the equity from his house to acquire a new office space and pay for an assortment of upgrades and improvements. In 2006, his house was appraised for $875,000, which gave him plenty of money to create the perfect facility for his thriving dental practice.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
All quotes from Fink were collected during a personal interview in August 2012.
- 2.
www.msnbc.msn.com/id/22606833/ns/business-us_business/t/bank-america-acquire-countrywide/#.UCBnp475Ha4 (Retrieved August 6, 2012).
- 3.
www.nytimes.com/2012/08/07/opinion/libor-naked-and-exposed.html (Retrieved August 6, 2012).
- 4.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2013 Chris Lauer
About this chapter
Cite this chapter
Lauer, C. (2013). Advice from an Underwater Homeowner. In: Underwater. Apress, Berkeley, CA. https://doi.org/10.1007/978-1-4302-4471-4_3
Download citation
DOI: https://doi.org/10.1007/978-1-4302-4471-4_3
Published:
Publisher Name: Apress, Berkeley, CA
Print ISBN: 978-1-4302-4470-7
Online ISBN: 978-1-4302-4471-4
eBook Packages: Business and EconomicsBusiness and Management (R0)Apress Access Books