Quote from ElCubano:
the economy grows because the consumer goes deeper in debt to keep up with the jonses in turn lining the pockets of the rich...I say if you cant buy it cash dont finance it unless it is a must have or it turns you a profit..My neighbor has it all fat cars, fat house, fat pool and makes less than me who doesnt have 1/4 of what he has....he uses refi like its an ATM..go figure...when his property gets hit for 20% in market value he will be upside down trying to swim in a pool full of sharks...![]()
one of the few ET posters that gets it..