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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Knighty Tin who wrote (22503)1/31/2005 2:18:19 PM
From: mishedlo  Read Replies (2) of 116555
 
Die-Hard Eagles Followers Taking Financial Risks for Trip to Super Bowl
Philly Fans Borrow Against Their Homes for Tickets

Take Kevin P. O'Donoghue, a lifelong fan from the suburbs, who told his wife after the Eagles advanced to their first Super Bowl in 24 years, "I don't care if we have to mortgage our house, I'm going." She replied, "Wait a minute, maybe that's a good idea." So O'Donoghue sunk $4,000 on a Super Bowl package that includes round-trip airfare, a four-night hotel stay and one ticket to the Feb. 6 game in Jacksonville, Fla. To pay for it, he applied for a home equity line of credit
"If I had any equity left in my house, I probably would, too," said Shamia Lewis, 26, who works at Innovative Mortgage Solutions in Center City. She and her husband paid for their $8,686 Super Bowl package the old-fashioned way: by dipping into their bank account. "Sometimes the cards are maxed out and you gotta do what you gotta do," said O'Donoghue, 36, an account executive from Glen Mills.

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Mish



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