Quote:
Originally Posted by Slava
I don't think that we are talking about different things though. Your posts there indicate that people shouldn't take out HELOCs and spend the cash there on new TV's, etc. I'm saying basically the same thing here. Sure the bank gives you the money, but you still have to be responsible with those funds?
I didn't see any resident financial advisor say to take out a HELOC and get over-extended on new cars and TV's though...unless I missed that?
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But there was a lot of the borrow to invest talk as well. Someone (can't remember who) guaranteed me 7% returns on this very site. The consensus was that real estate and stock market never go down. And the few who questioned that got ridiculed.