Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Canadians naive about how long they’ll be in debt

Regorium · 06-10-2015, 04:09 PM

I have a pretty significant HELOC and it's so easy to just pull another 10k to buy a stock, or 30k to buy a rental property. I've been good so far in that all of the money I've used are for investing and not for just buying things, but the temptation has been quite strong.

At 3.35% (Prime + 0.5), that money is basically free. It's less than $100 a month for the upkeep.

I think that it's pretty clear that these guys aren't poor. They own multiple investment properties and probably have huge cashflow from white collar jobs.

As an aside, I'm pissed that I'm paying 3.35 on my HELOC and not 3.25 like those guys.

06-10-2015, 04:09 PM	#263
Regorium First Line Centre Join Date: Apr 2006 Location: Calgary Exp:	I have a pretty significant HELOC and it's so easy to just pull another 10k to buy a stock, or 30k to buy a rental property. I've been good so far in that all of the money I've used are for investing and not for just buying things, but the temptation has been quite strong. At 3.35% (Prime + 0.5), that money is basically free. It's less than $100 a month for the upkeep. I think that it's pretty clear that these guys aren't poor. They own multiple investment properties and probably have huge cashflow from white collar jobs. As an aside, I'm pissed that I'm paying 3.35 on my HELOC and not 3.25 like those guys. Last edited by Regorium; 06-10-2015 at 04:24 PM.