Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (112861)	3/26/2008 10:27:02 AM
From: Smiling Bob	Read Replies (2) \| Respond to of 306849

Well, as long as their SUV is big enough to haul all their CC financed crap and still sleep 4, they should be ok

To: DebtBomb who wrote (112861)	3/26/2008 10:28:33 AM
From: MoneyPenny	Read Replies (6) \| Respond to of 306849

A woman I worked with was constantly using her HELOC to pay off her Saks and Nordstrom bills, along with her Visas. When I explained to her that she would be paying for years for clothes and makeup she had already discarded, she would just laugh. She considered her home her bank. She also has a 5 year ARM that is interest only and paid over $600k for her home. She has another year to her reset. She had planned to sell this one for a million or more and "upgrade". Perhaps she can live in her Hummer. MP