I’ve made a bet that way, pulling as much cash as I could out of my house, re-fi at 3.75 fixed for 30 yrs. Hope to pay it back with Baraqqi/Bernanke/Geithner minibucks.
I did that at 4.25% and am even based on the rise in local valuations.
The cash invested is growing at 10% this year puts me ahead.
I think a lot of people and gov’t entities are looking at the situation and saying “well, it’s gonna crash anyway, might as well live it up now!”