Hi, Guest
11-17-2005, 01:12 AM
bluetoy,Nov 15 2005, 06:31 PM Wrote:NOS2Go4Me,Nov 15 2005, 01:39 PM Wrote:Well yeah. In retrospect, I should have said "get something that you'll get equity in", not "get a house".
Equity, as mentioned elsewhere, is second only to cash. Equity lets you do many wonderful things (like upgrades) that would previously take silly amounts of cash (uber Focus upgrades, 2nd Focus for the new special lady that likes tha new digs).
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Equity is not cash. It allows you to borrow obscene amounts of money. YOU STILL HAVE TO PAY IT BACK!!!
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Yes, I know that. And when you need to do 10-20,000 in home repairs or upgrades and you have 50,000+ in equity, getting the cash is a snap. Just tack it back onto the mortgage. Done deal.
You're really anti-homeowner. I'm curious as to why.
Daily driver 1: 2007 Jeep Wrangler Unlimited Sport "S"
33" BFG Mud-Terrain KM2s, lots of Rough Country gear - bumper, 2.5" lift, swaybar disconnects, Superwinch 10,000lb winch, Detroit Locker in rear D44 axle, custom exhaust, K+N filtercharger, Superchips-tuned.
Daily driver 2: 2006 Subaru Legacy GT
COBB Stage 1+ package - AccessPort tuner, COBB intake and airbox. Stage 2 coming shortly - COBB 3" AT stainless DP and race cat, custom 3" Magnaflow-based exhaust and Stage 2 COBB tune.
33" BFG Mud-Terrain KM2s, lots of Rough Country gear - bumper, 2.5" lift, swaybar disconnects, Superwinch 10,000lb winch, Detroit Locker in rear D44 axle, custom exhaust, K+N filtercharger, Superchips-tuned.
Daily driver 2: 2006 Subaru Legacy GT
COBB Stage 1+ package - AccessPort tuner, COBB intake and airbox. Stage 2 coming shortly - COBB 3" AT stainless DP and race cat, custom 3" Magnaflow-based exhaust and Stage 2 COBB tune.