Word: erganian
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...gushers of wealth. Many have borrowed against their fat cushions of equity. Some--like bettors taking chips off a blackjack table--have sold, trading down to smaller places or swapping a city apartment for a calmer, cheaper life in the country. Still others have stayed put and splurged. Lucky Erganian and her husband, now deceased, bought their Woodland Hills, Calif., home in 1982 for $260,000. Today she's in the midst of a six-figure renovation. Real estate agents daily slip flyers onto her porch boasting of the windfalls they have won for her neighbors. "The one I have...
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