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NY Federal Reserve Chief: Take out a HELOC or 2nd mortgage to consume more! Hehe

Global Capitalism in a fucking nutshell https://www.marke...
Gay cruise ship genital piercing
  05/21/19
...
Curious stag film toaster
  05/21/19
...
Gay cruise ship genital piercing
  05/21/19
For someone in his position to say this... It should be a ca...
Bearded Friendly Grandma Whorehouse
  05/21/19
Guy should be fucking strung up But the issue is everyone...
Gay cruise ship genital piercing
  05/21/19
...
Razzle filthy rehab
  05/22/19
...
tan business firm potus
  05/23/19
...
Duck-like exhilarant philosopher-king
  06/10/19
I stand by this poast.
Bearded Friendly Grandma Whorehouse
  06/10/19
unreal
soul-stirring overrated center alpha
  05/22/19
...
Razzle filthy rehab
  05/22/19
...
Khaki Angry Locus
  05/22/19
The equity should be leveraged to finance taco trucks and se...
Pearl submissive factory reset button wrinkle
  05/22/19
...
Gay cruise ship genital piercing
  05/22/19
H E H E E H E
Irradiated indian lodge
  05/22/19
...
Gay cruise ship genital piercing
  05/22/19
"a return to a reasonable pattern of home equity extrac...
crystalline university sex offender
  05/22/19
...
Razzle filthy rehab
  05/22/19
...
Gay cruise ship genital piercing
  05/22/19
...
Lake Church Building
  05/27/19
"It's an investment in your self! And those get those b...
Thriller frum theater
  05/22/19
holy shit evan ur crazy
Sooty adulterous home
  05/22/19
...
Indigo office
  05/22/19
...
Gay cruise ship genital piercing
  05/22/19
On the HELOCs though, in all seriousness it’s not a ba...
crystalline university sex offender
  05/22/19
(Bankrupt guy in 2009)
Gay cruise ship genital piercing
  05/22/19
...
Sooty adulterous home
  05/22/19
I bought up a couple of cheap properties in 2010 and 2011. W...
crystalline university sex offender
  05/22/19
That's a far cry from owning two properties with mortgages i...
Gay cruise ship genital piercing
  05/22/19
My overall LTV is like 60%. I’m not overleveraged.
crystalline university sex offender
  05/22/19
"Even though home values have risen over 40% since 2012...
infuriating rough-skinned ceo kitty
  05/22/19
Note how they choose 2012, not 2008
Gay cruise ship genital piercing
  05/23/19
LOL. The people who run our economy are so desperate to see...
citrine property legend
  05/22/19
...
Gay cruise ship genital piercing
  06/10/19
“Homeowners may have overlearned the lessons from the ...
Odious box office scourge upon the earth
  05/22/19
I admire this level of shamelessness
Exciting Out-of-control Old Irish Cottage
  05/23/19
...
Gay cruise ship genital piercing
  05/27/19
💰
infuriating rough-skinned ceo kitty
  05/28/19
hope he gets raped by a pack of niggers
Fragrant senate
  05/28/19
Report: Americans in DEBT up to eyeballs. Econ Crash = Mad M...
infuriating rough-skinned ceo kitty
  06/10/19
...
Gay cruise ship genital piercing
  06/10/19
Truly absurd.
hot vermilion persian parlor
  06/10/19
Obviously irresponsible to advocate this for average America...
irate dysfunction hall
  06/10/19
is this smart? help
Duck-like exhilarant philosopher-king
  09/18/20


Poast new message in this thread



Reply Favorite

Date: May 21st, 2019 9:29 PM
Author: Gay cruise ship genital piercing

Global Capitalism in a fucking nutshell

https://www.marketwatch.com/amp/story/guid/48948286-DCBE-11E6-AB45-A19C54550C01

New York Fed President William Dudley on Tuesday encouraged homeowners to find “prudent” ways to tap into the equity that has built up in the homes, saying the boost in consumption would be a welcome shot-in-the-arm to the economy.

The shape of household finances was a hidden strength of the economy, he said.

“The good news is that, while the current expansion is quite old in chronological terms, it is still relatively young in terms of the health of household finances,” Dudley said in a speech to the National Retail Federation.

“Whatever the timing, a return to a reasonable pattern of home equity extraction would be a positive development for retailers, and would provide a boost to economic growth,” Dudley said.

Homeowners may have overlearned the lessons from the housing boom and bust, the New York Fed [resident said.

Even though home values have risen over 40% since 2012, housing debt has stayed virtually flat, he said.

“The previous behavior of using housing debt to finance other kinds of consumption seems to have completely disappeared,” and people are leaving the wealth generated by rising home prices “locked up” in their homes, he said.

(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38269188)



Reply Favorite

Date: May 21st, 2019 9:37 PM
Author: Curious stag film toaster



(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38269228)



Reply Favorite

Date: May 21st, 2019 9:56 PM
Author: Gay cruise ship genital piercing



(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38269395)



Reply Favorite

Date: May 21st, 2019 9:58 PM
Author: Bearded Friendly Grandma Whorehouse

For someone in his position to say this... It should be a capital offense.

(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38269406)



Reply Favorite

Date: May 21st, 2019 9:58 PM
Author: Gay cruise ship genital piercing

Guy should be fucking strung up

But the issue is everyone on the Fed thinks this

(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38269409)



Reply Favorite

Date: May 22nd, 2019 6:51 AM
Author: Razzle filthy rehab



(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38270586)



Reply Favorite

Date: May 23rd, 2019 8:12 AM
Author: tan business firm potus



(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38276125)



Reply Favorite

Date: June 10th, 2019 3:59 PM
Author: Duck-like exhilarant philosopher-king



(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38368477)



Reply Favorite

Date: June 10th, 2019 6:22 PM
Author: Bearded Friendly Grandma Whorehouse

I stand by this poast.

(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38369187)



Reply Favorite

Date: May 22nd, 2019 6:50 AM
Author: soul-stirring overrated center alpha

unreal

(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38270585)



Reply Favorite

Date: May 22nd, 2019 6:51 AM
Author: Razzle filthy rehab



(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38270587)



Reply Favorite

Date: May 22nd, 2019 6:52 AM
Author: Khaki Angry Locus



(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38270590)



Reply Favorite

Date: May 22nd, 2019 7:03 AM
Author: Pearl submissive factory reset button wrinkle

The equity should be leveraged to finance taco trucks and second homes -- not retail sales. That's his only mistake. Proles should be using home equity for investment properties or small business development.

(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38270597)



Reply Favorite

Date: May 22nd, 2019 9:54 AM
Author: Gay cruise ship genital piercing



(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38271034)



Reply Favorite

Date: May 22nd, 2019 10:10 AM
Author: Irradiated indian lodge

H E H E

E

H

E

(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38271066)



Reply Favorite

Date: May 22nd, 2019 11:18 AM
Author: Gay cruise ship genital piercing



(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38271399)



Reply Favorite

Date: May 22nd, 2019 11:43 AM
Author: crystalline university sex offender

"a return to a reasonable pattern of home equity extraction"

"a return to a reasonable pattern of home equity extraction"

"a return to a reasonable pattern of home equity extraction"

"a return to a reasonable pattern of home equity extraction"

"a return to a reasonable pattern of home equity extraction"

(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38271524)



Reply Favorite

Date: May 22nd, 2019 11:54 AM
Author: Razzle filthy rehab



(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38271568)



Reply Favorite

Date: May 22nd, 2019 1:26 PM
Author: Gay cruise ship genital piercing



(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38272098)



Reply Favorite

Date: May 27th, 2019 2:58 PM
Author: Lake Church Building



(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38296519)



Reply Favorite

Date: May 22nd, 2019 11:46 AM
Author: Thriller frum theater

"It's an investment in your self! And those get those best returns."

(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38271541)



Reply Favorite

Date: May 22nd, 2019 11:52 AM
Author: Sooty adulterous home

holy shit evan ur crazy

(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38271561)



Reply Favorite

Date: May 22nd, 2019 12:00 PM
Author: Indigo office



(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38271597)



Reply Favorite

Date: May 22nd, 2019 12:28 PM
Author: Gay cruise ship genital piercing



(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38271747)



Reply Favorite

Date: May 22nd, 2019 3:16 PM
Author: crystalline university sex offender

On the HELOCs though, in all seriousness it’s not a bad idea to tap those, just not for consumer spending. Once you’ve got a decent LTV ratio on a piece of real estate (through appreciation or paying it down), it can be a good strategy to pull out enough for a down payment on a second, income-producing property.

(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38272766)



Reply Favorite

Date: May 22nd, 2019 3:31 PM
Author: Gay cruise ship genital piercing

(Bankrupt guy in 2009)

(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38272840)



Reply Favorite

Date: May 22nd, 2019 4:18 PM
Author: Sooty adulterous home



(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38273095)



Reply Favorite

Date: May 22nd, 2019 6:10 PM
Author: crystalline university sex offender

I bought up a couple of cheap properties in 2010 and 2011. Wish I’d done more.

All from owner-occupiers, though. Non-luxury rental properties that cash flow are not that vulnerable to recession because rental demand tends to go up, not down, in a recession. Buying expecting appreciation is risky, though.

(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38273655)



Reply Favorite

Date: May 22nd, 2019 6:11 PM
Author: Gay cruise ship genital piercing

That's a far cry from owning two properties with mortgages in 2007/2008

(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38273662)



Reply Favorite

Date: May 22nd, 2019 6:13 PM
Author: crystalline university sex offender

My overall LTV is like 60%. I’m not overleveraged.

(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38273675)



Reply Favorite

Date: May 22nd, 2019 6:16 PM
Author: infuriating rough-skinned ceo kitty

"Even though home values have risen over 40% since 2012, housing debt has stayed virtually flat, he said."

Outrageous!

(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38273692)



Reply Favorite

Date: May 23rd, 2019 8:10 AM
Author: Gay cruise ship genital piercing

Note how they choose 2012, not 2008

(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38276123)



Reply Favorite

Date: May 22nd, 2019 6:51 PM
Author: citrine property legend

LOL. The people who run our economy are so desperate to see growth continue at unsustainable rates that they'll resort to shit like this.

(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38273829)



Reply Favorite

Date: June 10th, 2019 4:00 PM
Author: Gay cruise ship genital piercing



(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38368486)



Reply Favorite

Date: May 22nd, 2019 6:52 PM
Author: Odious box office scourge upon the earth

“Homeowners may have overlearned the lessons from the housing boom and bust, the New York Fed president said.”

*GC sends you to a consumer re-education camp*

(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38273831)



Reply Favorite

Date: May 23rd, 2019 8:17 AM
Author: Exciting Out-of-control Old Irish Cottage

I admire this level of shamelessness

(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38276135)



Reply Favorite

Date: May 27th, 2019 2:56 PM
Author: Gay cruise ship genital piercing



(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38296512)



Reply Favorite

Date: May 28th, 2019 4:20 AM
Author: infuriating rough-skinned ceo kitty

💰

(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38300030)



Reply Favorite

Date: May 28th, 2019 4:49 AM
Author: Fragrant senate

hope he gets raped by a pack of niggers

(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38300043)



Reply Favorite

Date: June 10th, 2019 3:51 PM
Author: infuriating rough-skinned ceo kitty

Report: Americans in DEBT up to eyeballs. Econ Crash = Mad Max scenario

http://xoxohth.com/thread.php?thread_id=4279848&forum_id=2

(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38368416)



Reply Favorite

Date: June 10th, 2019 6:11 PM
Author: Gay cruise ship genital piercing



(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38369160)



Reply Favorite

Date: June 10th, 2019 7:15 PM
Author: hot vermilion persian parlor

Truly absurd.

(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38369378)



Reply Favorite

Date: June 10th, 2019 7:45 PM
Author: irate dysfunction hall

Obviously irresponsible to advocate this for average American.

Personally looking to do this though and do a cash out refi at 2.8%. That’s basically free money and looking to invest in another property.

(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#38369579)



Reply Favorite

Date: September 18th, 2020 2:45 PM
Author: Duck-like exhilarant philosopher-king

is this smart?

help

(http://www.autoadmit.com/thread.php?thread_id=4266518&forum_id=2#40942061)