I'm thinking about getting a second mortgage so I can have cash on hand to buy a house outside of the Atlanta area. I have a house that has 220000 fair market value and that went up almost 17,000 last year and now they're saying that the value has increased 15% this year. This is just what people are saying on my email side that Paulding County homes are going up to 15%. What I'm thinking of doing is getting a second mortgage and sitting on the cash and waiting for the houses bubble to pop in the next year. If it doesn't happen I'll pay my second mortgage off or in the meantime if I find the house I'll be able to pull the trigger. I see homes going up for sale and 3 days later I see a pending on the home. Does anyone have any advice about my strategy. Ideally I would like to see the house market bubble Pop and homes drop 30%. But Everything's Relative and if the house is dropped 30% my home will drop 30%.