Alan Greenspan MUST GO: Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Alan Greenspan MUST GO:

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: chojiro who wrote (315)	3/22/2001 3:38:42 AM
From: Master (Hijacked)	Read Replies (1) of 494

I still don't know what you're talking about. Let me see if I can understand what you're saying. A MORTGAGE is a loan you obtain from the bank to purchase a house for which you intend to make installments over 20-25 years. A CREDIT CARD is another type of bank loan which you use to purchase a bed to put in your house and which you intend to pay over the course of say one year. Now...according to you, it is OK to invest in the markets if you have one (or in your case) two mortgages, but it is NOT OK to invest if you use a credit card. Hmmmm...I'm still not sure I follow your logic. The debt I put on my credit card is minuscule compared to the debt you are putting on your mortgages. I can easily pay off my CC debt within a year and pay a small premium for the privilege of using it. You, on the other hand, will probably be paying 2-3 times the cost of the house in interest over the 25 year period. Therefore, do you not think that it is YOU who should refrain from investing until you've paid off your mortgages? See you in 25 years bud!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next