I can see using a Heloc to purchase a car. It’s purchase you would make anyway so you might as well get a tax deduction.
But why would you spend money you don’t have. People shouldn’t do kitchen remodels on credit if there’s not cash to back it up. It’s not something that is necessary you she should’ve saved the money for it.
But credit is how most business and household operates.
Nightly Business Report had an interview of the Office Depot CEO (stock is down 60%) who said that small businesses have no money to spend. Small business owners were funding operation using equity withdrawals.
The reductions in Heloc will remove untold billions from the economy.
“But why would you spend money you don’t have”
Is this the piggington’s kool-aid? All transactions cash, houses cash, or there’s something wrong with you?
“But why would you spend money you don’t have”
Is this the piggington’s kool-aid? All transactions cash, houses cash, or there’s something wrong with you?
“But why would you spend money you don’t have”
Is this the piggington’s kool-aid? All transactions cash, houses cash, or there’s something wrong with you?
“But why would you spend money you don’t have”
Is this the piggington’s kool-aid? All transactions cash, houses cash, or there’s something wrong with you?
“But why would you spend money you don’t have”
Is this the piggington’s kool-aid? All transactions cash, houses cash, or there’s something wrong with you?
It’s interesting that you think it is a good idea to use a home equity loan to buy a car but not OK to pay for a kitchen remodel.
My memory may be wrong because I never thought of taking money out of home equity for anything but to “improve” the home –
but am I mistaken that there was a time that Heloc money HAD to be spent on the home? And it was only when consumer debt interest became non-tax-deductable that it suddenly became the thing to use Heloc money for non-home related purchases?
It’s interesting that you think it is a good idea to use a home equity loan to buy a car but not OK to pay for a kitchen remodel.
My memory may be wrong because I never thought of taking money out of home equity for anything but to “improve” the home –
but am I mistaken that there was a time that Heloc money HAD to be spent on the home? And it was only when consumer debt interest became non-tax-deductable that it suddenly became the thing to use Heloc money for non-home related purchases?
It’s interesting that you think it is a good idea to use a home equity loan to buy a car but not OK to pay for a kitchen remodel.
My memory may be wrong because I never thought of taking money out of home equity for anything but to “improve” the home –
but am I mistaken that there was a time that Heloc money HAD to be spent on the home? And it was only when consumer debt interest became non-tax-deductable that it suddenly became the thing to use Heloc money for non-home related purchases?
It’s interesting that you think it is a good idea to use a home equity loan to buy a car but not OK to pay for a kitchen remodel.
My memory may be wrong because I never thought of taking money out of home equity for anything but to “improve” the home –
but am I mistaken that there was a time that Heloc money HAD to be spent on the home? And it was only when consumer debt interest became non-tax-deductable that it suddenly became the thing to use Heloc money for non-home related purchases?
It’s interesting that you think it is a good idea to use a home equity loan to buy a car but not OK to pay for a kitchen remodel.
My memory may be wrong because I never thought of taking money out of home equity for anything but to “improve” the home –
but am I mistaken that there was a time that Heloc money HAD to be spent on the home? And it was only when consumer debt interest became non-tax-deductable that it suddenly became the thing to use Heloc money for non-home related purchases?
