[Wickedheart]

I just gotta wonder what all this HELOC reduction/freezing is gonna do to housing. How many people had been subsidizing themselves with this kinda money?

I guess some folks are just going to have to go back to stealing to support their drug habits.

http://tinyurl.com/2xvg9d

Sales History
01/14/2008: $381,660
10/14/1985: $101,500

I’m guessing the last time it was cleaned was 1985.

[Wickedheart]

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.

You are kidding me, right? That is the dumbest thing I’ve ever heard. A 30 year loan to buy a car. Most people drive a car, what, 6 to 7 years tops. That car will be scrap metal a time long before it’s paid for. And that car will cost you more than double the purchase price by stretching the payments over 30 years. A 25k car will be a 55k. No way will that pencil out in tax deductions, that like stepping over dimes and quarters to pick up nickels and pennies. I think if you can’t afford to buy a car with a 4 year loan then you can’t afford it.

[Wickedheart]

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.

You are kidding me, right? That is the dumbest thing I’ve ever heard. A 30 year loan to buy a car. Most people drive a car, what, 6 to 7 years tops. That car will be scrap metal a time long before it’s paid for. And that car will cost you more than double the purchase price by stretching the payments over 30 years. A 25k car will be a 55k. No way will that pencil out in tax deductions, that like stepping over dimes and quarters to pick up nickels and pennies. I think if you can’t afford to buy a car with a 4 year loan then you can’t afford it.

[Wickedheart]

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.

You are kidding me, right? That is the dumbest thing I’ve ever heard. A 30 year loan to buy a car. Most people drive a car, what, 6 to 7 years tops. That car will be scrap metal a time long before it’s paid for. And that car will cost you more than double the purchase price by stretching the payments over 30 years. A 25k car will be a 55k. No way will that pencil out in tax deductions, that like stepping over dimes and quarters to pick up nickels and pennies. I think if you can’t afford to buy a car with a 4 year loan then you can’t afford it.

[Wickedheart]

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.

You are kidding me, right? That is the dumbest thing I’ve ever heard. A 30 year loan to buy a car. Most people drive a car, what, 6 to 7 years tops. That car will be scrap metal a time long before it’s paid for. And that car will cost you more than double the purchase price by stretching the payments over 30 years. A 25k car will be a 55k. No way will that pencil out in tax deductions, that like stepping over dimes and quarters to pick up nickels and pennies. I think if you can’t afford to buy a car with a 4 year loan then you can’t afford it.

[Wickedheart]

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.

You are kidding me, right? That is the dumbest thing I’ve ever heard. A 30 year loan to buy a car. Most people drive a car, what, 6 to 7 years tops. That car will be scrap metal a time long before it’s paid for. And that car will cost you more than double the purchase price by stretching the payments over 30 years. A 25k car will be a 55k. No way will that pencil out in tax deductions, that like stepping over dimes and quarters to pick up nickels and pennies. I think if you can’t afford to buy a car with a 4 year loan then you can’t afford it.

[Wickedheart]

One of the local news stations ran a story last week about Countrywide checks written on Helocs bouncing. Many of their customers had complained their credit lines were yanked without notice.

One woman was in the middle of a kitchen remodel when her check to her contractor bounced. She was left with a demolished kitchen, she still owes the contractor for the work done and she has no money to finish the project. I imagine the contractor will put a lien on the house. Kind of a sucky position to be in.

[Wickedheart]

One of the local news stations ran a story last week about Countrywide checks written on Helocs bouncing. Many of their customers had complained their credit lines were yanked without notice.

One woman was in the middle of a kitchen remodel when her check to her contractor bounced. She was left with a demolished kitchen, she still owes the contractor for the work done and she has no money to finish the project. I imagine the contractor will put a lien on the house. Kind of a sucky position to be in.

[Wickedheart]

One of the local news stations ran a story last week about Countrywide checks written on Helocs bouncing. Many of their customers had complained their credit lines were yanked without notice.

One woman was in the middle of a kitchen remodel when her check to her contractor bounced. She was left with a demolished kitchen, she still owes the contractor for the work done and she has no money to finish the project. I imagine the contractor will put a lien on the house. Kind of a sucky position to be in.

[Wickedheart]

One of the local news stations ran a story last week about Countrywide checks written on Helocs bouncing. Many of their customers had complained their credit lines were yanked without notice.

One woman was in the middle of a kitchen remodel when her check to her contractor bounced. She was left with a demolished kitchen, she still owes the contractor for the work done and she has no money to finish the project. I imagine the contractor will put a lien on the house. Kind of a sucky position to be in.

[Wickedheart]

One of the local news stations ran a story last week about Countrywide checks written on Helocs bouncing. Many of their customers had complained their credit lines were yanked without notice.

One woman was in the middle of a kitchen remodel when her check to her contractor bounced. She was left with a demolished kitchen, she still owes the contractor for the work done and she has no money to finish the project. I imagine the contractor will put a lien on the house. Kind of a sucky position to be in.

[Wickedheart]

“I’ll tell you what I’m NOT feeling… interest income in my savings accounts.”

I hear ya. 6 months ago I got 5.50% APY this week it’s rolling over to 3.50%. They have a 5 month for 3.75%. Best CD rate I saw on bankrate was 3.90 from La Jolla Bank. Most of the local rates were worse, much worse. 🙁 I got nothin’ to convince them to bump it up, really. It’s not worth it to me to pull our money for .15

[Wickedheart]

“I’ll tell you what I’m NOT feeling… interest income in my savings accounts.”

I hear ya. 6 months ago I got 5.50% APY this week it’s rolling over to 3.50%. They have a 5 month for 3.75%. Best CD rate I saw on bankrate was 3.90 from La Jolla Bank. Most of the local rates were worse, much worse. 🙁 I got nothin’ to convince them to bump it up, really. It’s not worth it to me to pull our money for .15

[Wickedheart]

“I’ll tell you what I’m NOT feeling… interest income in my savings accounts.”

I hear ya. 6 months ago I got 5.50% APY this week it’s rolling over to 3.50%. They have a 5 month for 3.75%. Best CD rate I saw on bankrate was 3.90 from La Jolla Bank. Most of the local rates were worse, much worse. 🙁 I got nothin’ to convince them to bump it up, really. It’s not worth it to me to pull our money for .15

[Wickedheart]

“I’ll tell you what I’m NOT feeling… interest income in my savings accounts.”

I hear ya. 6 months ago I got 5.50% APY this week it’s rolling over to 3.50%. They have a 5 month for 3.75%. Best CD rate I saw on bankrate was 3.90 from La Jolla Bank. Most of the local rates were worse, much worse. 🙁 I got nothin’ to convince them to bump it up, really. It’s not worth it to me to pull our money for .15

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