Financial market where previously issued securities (such bonds, notes, shares) and financial instruments (such as bills of exchange and certificates of deposit) are bought and sold.

- Are there people within the city government that are instrumental in the process?

Why would I want my money tied up in a relatively risky investment like real estate (relative to government-backed instruments) when I could be getting risk-free 8%?

Thus the more blunt instrument approach of using an IRR calculation and comparing it to one's cost of capital seems like a more logical approach to me.To each his own.

You will pay a modification or assumption recording fees linking the already recorded instrument to you as a borrower.

@Arthur VoskanyanIn these parts, a home equity loan is generally another term for home equity line of credit, but YMMV.It sounds like you are comparing a fixed term, fixed rate loan - ostensibly secured by a mortgage - to a HELoC.The are two different instruments which serve different purposes ... some of the differences are:Mortgage secured financing:entire amount being withdrawn is advanced at once and repayment is amortized over a specific period (typically 25yrs in Canada, 30yrs in the U.S.A. for residential financing).the term of the loan may be the same as the amortization (common in the U.S.A.), or may be shorter (anywhere from 6-months to 10years in Canada).the interest rate of the loan may be at a fixed for the entire term of the loan or may be variable.there may be limits on prepayment of the loan (without penalty).    

I then take it to my title company (the owner of the title company is an attorney) and have them construct the instrument that we are using and the note. 

Either of these instruments give you some protection.

BP has been somewhat instrumental in promoting "wholesaling" but unfortunately, very few people seem to be concerned with the laws, and sadly, even fewer are concerned with people screwing over sellers.

By the way, my response to the thread was not to defend investment in real estate or properties as some sort of inflation immune instrument but purely to clarify that the hypothesis (subject of the thread) wasn't/isn't scientifically verifiable with current data.