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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...
Salmon Theatre Clown
  05/21/19
...
Henna Generalized Bond
  05/21/19
...
Salmon Theatre Clown
  05/21/19
For someone in his position to say this... It should be a ca...
passionate fiercely-loyal tattoo
  05/21/19
Guy should be fucking strung up But the issue is everyone...
Salmon Theatre Clown
  05/21/19
...
alcoholic scourge upon the earth dilemma
  05/22/19
...
Cordovan fighting therapy
  05/23/19
...
coral abusive feces pervert
  06/10/19
I stand by this poast.
passionate fiercely-loyal tattoo
  06/10/19
unreal
Maniacal violet orchestra pit
  05/22/19
...
alcoholic scourge upon the earth dilemma
  05/22/19
...
naked hell national security agency
  05/22/19
The equity should be leveraged to finance taco trucks and se...
Cheese-eating den
  05/22/19
...
Salmon Theatre Clown
  05/22/19
H E H E E H E
Misanthropic odious pocket flask lodge
  05/22/19
...
Salmon Theatre Clown
  05/22/19
"a return to a reasonable pattern of home equity extrac...
bossy cerise sex offender
  05/22/19
...
alcoholic scourge upon the earth dilemma
  05/22/19
...
Salmon Theatre Clown
  05/22/19
...
ivory hominid
  05/27/19
"It's an investment in your self! And those get those b...
orchid 180 organic girlfriend
  05/22/19
holy shit evan ur crazy
Spectacular jade crackhouse
  05/22/19
...
lascivious cruise ship
  05/22/19
...
Salmon Theatre Clown
  05/22/19
On the HELOCs though, in all seriousness it’s not a ba...
bossy cerise sex offender
  05/22/19
(Bankrupt guy in 2009)
Salmon Theatre Clown
  05/22/19
...
Spectacular jade crackhouse
  05/22/19
I bought up a couple of cheap properties in 2010 and 2011. W...
bossy cerise sex offender
  05/22/19
That's a far cry from owning two properties with mortgages i...
Salmon Theatre Clown
  05/22/19
My overall LTV is like 60%. I’m not overleveraged.
bossy cerise sex offender
  05/22/19
"Even though home values have risen over 40% since 2012...
Cerebral Lake State Prole
  05/22/19
Note how they choose 2012, not 2008
Salmon Theatre Clown
  05/23/19
LOL. The people who run our economy are so desperate to see...
Adventurous Base
  05/22/19
...
Salmon Theatre Clown
  06/10/19
“Homeowners may have overlearned the lessons from the ...
Flushed mental disorder
  05/22/19
I admire this level of shamelessness
Avocado contagious jewess
  05/23/19
...
Salmon Theatre Clown
  05/27/19
💰
Cerebral Lake State Prole
  05/28/19
hope he gets raped by a pack of niggers
Pontificating Faggot Firefighter
  05/28/19
Report: Americans in DEBT up to eyeballs. Econ Crash = Mad M...
Cerebral Lake State Prole
  06/10/19
...
Salmon Theatre Clown
  06/10/19
Truly absurd.
Carmine anal puppy
  06/10/19
Obviously irresponsible to advocate this for average America...
Self-absorbed electric furnace incel
  06/10/19
is this smart? help
coral abusive feces pervert
  09/18/20


Poast new message in this thread



Reply Favorite

Date: May 21st, 2019 9:29 PM
Author: Salmon Theatre Clown

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: Henna Generalized Bond



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



Reply Favorite

Date: May 21st, 2019 9:56 PM
Author: Salmon Theatre Clown



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



Reply Favorite

Date: May 21st, 2019 9:58 PM
Author: passionate fiercely-loyal tattoo

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: Salmon Theatre Clown

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: alcoholic scourge upon the earth dilemma



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



Reply Favorite

Date: May 23rd, 2019 8:12 AM
Author: Cordovan fighting therapy



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



Reply Favorite

Date: June 10th, 2019 3:59 PM
Author: coral abusive feces pervert



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



Reply Favorite

Date: June 10th, 2019 6:22 PM
Author: passionate fiercely-loyal tattoo

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: Maniacal violet orchestra pit

unreal

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



Reply Favorite

Date: May 22nd, 2019 6:51 AM
Author: alcoholic scourge upon the earth dilemma



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



Reply Favorite

Date: May 22nd, 2019 6:52 AM
Author: naked hell national security agency



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



Reply Favorite

Date: May 22nd, 2019 7:03 AM
Author: Cheese-eating den

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: Salmon Theatre Clown



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



Reply Favorite

Date: May 22nd, 2019 10:10 AM
Author: Misanthropic odious pocket flask 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: Salmon Theatre Clown



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



Reply Favorite

Date: May 22nd, 2019 11:43 AM
Author: bossy cerise 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: alcoholic scourge upon the earth dilemma



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



Reply Favorite

Date: May 22nd, 2019 1:26 PM
Author: Salmon Theatre Clown



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



Reply Favorite

Date: May 27th, 2019 2:58 PM
Author: ivory hominid



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



Reply Favorite

Date: May 22nd, 2019 11:46 AM
Author: orchid 180 organic girlfriend

"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: Spectacular jade crackhouse

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: lascivious cruise ship



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



Reply Favorite

Date: May 22nd, 2019 12:28 PM
Author: Salmon Theatre Clown



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



Reply Favorite

Date: May 22nd, 2019 3:16 PM
Author: bossy cerise 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: Salmon Theatre Clown

(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: Spectacular jade crackhouse



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



Reply Favorite

Date: May 22nd, 2019 6:10 PM
Author: bossy cerise 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: Salmon Theatre Clown

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: bossy cerise 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: Cerebral Lake State Prole

"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: Salmon Theatre Clown

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: Adventurous Base

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: Salmon Theatre Clown



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



Reply Favorite

Date: May 22nd, 2019 6:52 PM
Author: Flushed mental disorder

“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: Avocado contagious jewess

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: Salmon Theatre Clown



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



Reply Favorite

Date: May 28th, 2019 4:20 AM
Author: Cerebral Lake State Prole

💰

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



Reply Favorite

Date: May 28th, 2019 4:49 AM
Author: Pontificating Faggot Firefighter

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: Cerebral Lake State Prole

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: Salmon Theatre Clown



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



Reply Favorite

Date: June 10th, 2019 7:15 PM
Author: Carmine anal puppy

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: Self-absorbed electric furnace incel

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: coral abusive feces pervert

is this smart?

help

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