Subject	bad financial move, taking equity out of a home
Posted by	robo (sebring1970) on April 18, 2005 at 11:56 PM
	This message has been viewed 41 times.
In Reply To	my wife is awesome! posted by dswtflip4u on April 18, 2005 at 08:57 PM
Message	(appreciable asset) and putting into a 10 year plus car (deprecicable liability). If you can't afford it without borrowing, then you shouldn't do it, IMHO.
Follow Ups	my wife is awesome! - dswtflip4u 20:57:54 04/18/05 She's obviously not a financial planner. (n/m) - trackstar 21:01:25 04/18/05 Re: She's obviously not a financial planner. - dswtflip4u 21:11:38 04/18/05 How long have ya'll been in business? (n/m) - Jimina 21:12:54 04/18/05 Re: How long have ya'll been in business? - dswtflip4u 21:16:48 04/18/05 was that a joke? LOL - Waco300zx 21:13:04 04/18/05 Re: was that a joke? LOL - dswtflip4u 21:15:27 04/18/05 She seems awesome... But think twice... Re-financing - BlitZ95TT 21:02:14 04/18/05 Re: She seems awesome... But think twice... Re-financing - dswtflip4u 21:12:16 04/18/05 Oldest trick in the book - Broke_as_**** 21:02:58 04/18/05 Does she have a sister? (n/m) - TRUOMEGA 21:03:55 04/18/05 why not get $30k out, and build it even better? (n/m) - SactoTodd 21:23:00 04/18/05 hmm, nah. i'd say shoot for at least $45k. - bjammmin (SoCal) 21:25:49 04/18/05 May as well buy a new Lotus Elise. (n/m) - IBPimpn(Ca) 23:25:41 04/18/05 Why not get 30k out and do something smart..... - titefit 08:05:49 04/19/05 took me 1yr to save up enough for a good paint job i - sethkins88 21:26:15 04/18/05 Cool, but I would not go into debt for something like that. (n/m) - Jimina 21:30:40 04/18/05 why would you let her let you do that? (n/m) - Spee 21:33:22 04/18/05 And I thought I was obsessed with Z's. But there is no way - titivillus37 21:36:12 04/18/05 its not a big deal to refinance to pull money out.. - frozenguy 21:43:02 04/18/05 It's not about the refinancing, it's what he intends to use> - trackstar 21:51:33 04/18/05 rriigghhtt.. looks like you have a hefty mod list..where - frozenguy 22:09:34 04/18/05 upon further investigation of your list, i realize i looked - frozenguy 22:21:28 04/18/05 I disagree - aliaZ 21:50:23 04/18/05 20k is not enough - govaardz(Aruba) 21:50:46 04/18/05 mod within your budget (n/m) - katzalex 21:54:52 04/18/05 umm that's a seriously dumb idea (n/m) - College Boy 22:03:51 04/18/05 Terrible financial decision. (n/m) - AzHeat 22:08:36 04/18/05 why is it such a terrible financial decision? - frozenguy 22:13:44 04/18/05 i believe in getting the money in hand first - College Boy 22:16:59 04/18/05 so you think paying cash for a car is a smart idea? - frozenguy 22:19:41 04/18/05 a lot cheaper than financing. Never buy a new car. Always - AzHeat 22:27:02 04/18/05 Occupation: server/build computers/student (n/m) - Guapo 22:39:39 04/18/05 it also says that i have a greddy e-01 and a jspec front - frozenguy 22:44:45 04/18/05 shurg (n/m) - Guapo 22:48:32 04/18/05 my fault anyways, i should have updated..its done now (n/m) - frozenguy 22:56:02 04/18/05 yes that's what i did...i would never finance anything - College Boy 02:46:24 04/19/05 It's just simply a sound financial principle. You spend - dilo 06:38:19 04/19/05 HA!! (as a former loan officer)...I got stories for you! (n/m) - quikz 22:22:12 04/18/05 Financing a Z06 is terrible decision too. If you don't have - AzHeat 22:23:52 04/18/05 2nd. Very smart^^^^ (n/m) - ZXRider(SoCal) 22:27:19 04/18/05 no..not smart.. at all - frozenguy 22:34:56 04/18/05 rent it out - ZXRider(SoCal) 22:38:32 04/18/05 right.. who the hell would pay 2.5k on a 400k house? (n/m) - frozenguy 22:45:18 04/18/05 Who said anything about buying a $400k house? $400k - AzHeat 22:58:57 04/18/05 i used 400k as an example price of a house.. you wanna - frozenguy 23:03:57 04/18/05 $800- $1000 mortgages are more rentable than $400k - AzHeat 23:08:59 04/18/05 more expensive???i'm confused.. 400k is not more expsive - frozenguy 23:13:31 04/18/05 A $500k home in Phoenix will get you a very nice - AzHeat 23:47:42 04/18/05 well it varies from place to place - ZXRider(SoCal) 03:17:17 04/19/05 that would be stupid.. he should use the money to make the - frozenguy 22:30:20 04/18/05 (most refi), to repay ALOT of present debt, - quikz 22:37:08 04/18/05 Re: Financing a Z06 is terrible decision too. If you don't have - Dustin 23:06:47 04/18/05 Pay cash . House is a different story. Mine - AzHeat 23:39:35 04/18/05 by definition sports cars are "liabilities" not "investments - ConVerTT 23:20:09 04/18/05 When it comes to money, yes it is a bad decision, but ... - NytWolf 22:46:18 04/18/05 money smoney... (n/m) - Ebola 22:49:39 04/18/05 When you are retired on SS and live on cat food and - AzHeat 23:06:47 04/18/05 rihgt..until you cant pay your insurance on the house, and - frozenguy 23:15:21 04/18/05 No one is going to take your house away for not paying - AzHeat 23:42:40 04/18/05 i didn't mean you would loose your house over - frozenguy 00:22:52 04/19/05 lmao (n/m) - ENVYMYZ 00:30:04 04/19/05 LOOK AT THIS.. i wrote this to this guy saying he was going - frozenguy 22:50:06 04/18/05 hell, i can go farther in saying not to even put the 160k - frozenguy 22:57:11 04/18/05 Cash = best way. - ZFreak (Dallas) 23:51:09 04/18/05 bad financial move, taking equity out of a home - robo (sebring1970) 23:56:11 04/18/05 Dont listen to any of these guys.... - ZisLuv 05:05:05 04/19/05 Is there such a thing as "student loans" down under? (n/m) - titefit 10:03:15 04/19/05
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