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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...
Well-lubricated up-to-no-good foreskin
  05/21/19
...
Plum Mind-boggling Public Bath Pisswyrm
  05/21/19
...
Well-lubricated up-to-no-good foreskin
  05/21/19
For someone in his position to say this... It should be a ca...
Soul-stirring deep dopamine really tough guy
  05/21/19
Guy should be fucking strung up But the issue is everyone...
Well-lubricated up-to-no-good foreskin
  05/21/19
...
Deranged Organic Girlfriend Weed Whacker
  05/22/19
...
Orchid Property Boistinker
  05/23/19
...
Translucent Frozen Heaven Athletic Conference
  06/10/19
I stand by this poast.
Soul-stirring deep dopamine really tough guy
  06/10/19
unreal
Azure Racy Personal Credit Line Trust Fund
  05/22/19
...
Deranged Organic Girlfriend Weed Whacker
  05/22/19
...
beady-eyed nudist stain
  05/22/19
The equity should be leveraged to finance taco trucks and se...
yellow giraffe hall
  05/22/19
...
Well-lubricated up-to-no-good foreskin
  05/22/19
H E H E E H E
aphrodisiac charcoal chapel
  05/22/19
...
Well-lubricated up-to-no-good foreskin
  05/22/19
"a return to a reasonable pattern of home equity extrac...
mischievous goal in life national
  05/22/19
...
Deranged Organic Girlfriend Weed Whacker
  05/22/19
...
Well-lubricated up-to-no-good foreskin
  05/22/19
...
excitant hilarious genital piercing jewess
  05/27/19
"It's an investment in your self! And those get those b...
crusty indirect expression
  05/22/19
holy shit evan ur crazy
vengeful locale
  05/22/19
...
Dashing Obsidian University Reading Party
  05/22/19
...
Well-lubricated up-to-no-good foreskin
  05/22/19
On the HELOCs though, in all seriousness it’s not a ba...
mischievous goal in life national
  05/22/19
(Bankrupt guy in 2009)
Well-lubricated up-to-no-good foreskin
  05/22/19
...
vengeful locale
  05/22/19
I bought up a couple of cheap properties in 2010 and 2011. W...
mischievous goal in life national
  05/22/19
That's a far cry from owning two properties with mortgages i...
Well-lubricated up-to-no-good foreskin
  05/22/19
My overall LTV is like 60%. I’m not overleveraged.
mischievous goal in life national
  05/22/19
"Even though home values have risen over 40% since 2012...
Bronze federal shrine
  05/22/19
Note how they choose 2012, not 2008
Well-lubricated up-to-no-good foreskin
  05/23/19
LOL. The people who run our economy are so desperate to see...
bonkers headpube queen of the night
  05/22/19
...
Well-lubricated up-to-no-good foreskin
  06/10/19
“Homeowners may have overlearned the lessons from the ...
glassy stimulating azn rigpig
  05/22/19
I admire this level of shamelessness
exhilarant fluffy electric furnace
  05/23/19
...
Well-lubricated up-to-no-good foreskin
  05/27/19
💰
Bronze federal shrine
  05/28/19
hope he gets raped by a pack of niggers
Sepia talented field milk
  05/28/19
Report: Americans in DEBT up to eyeballs. Econ Crash = Mad M...
Bronze federal shrine
  06/10/19
...
Well-lubricated up-to-no-good foreskin
  06/10/19
Truly absurd.
Dead Dog Poop
  06/10/19
Obviously irresponsible to advocate this for average America...
Mildly Autistic Parlor French Chef
  06/10/19
is this smart? help
Translucent Frozen Heaven Athletic Conference
  09/18/20


Poast new message in this thread



Reply Favorite

Date: May 21st, 2019 9:29 PM
Author: Well-lubricated up-to-no-good foreskin

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: Plum Mind-boggling Public Bath Pisswyrm



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



Reply Favorite

Date: May 21st, 2019 9:56 PM
Author: Well-lubricated up-to-no-good foreskin



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



Reply Favorite

Date: May 21st, 2019 9:58 PM
Author: Soul-stirring deep dopamine really tough guy

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: Well-lubricated up-to-no-good foreskin

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: Deranged Organic Girlfriend Weed Whacker



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



Reply Favorite

Date: May 23rd, 2019 8:12 AM
Author: Orchid Property Boistinker



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



Reply Favorite

Date: June 10th, 2019 3:59 PM
Author: Translucent Frozen Heaven Athletic Conference



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



Reply Favorite

Date: June 10th, 2019 6:22 PM
Author: Soul-stirring deep dopamine really tough guy

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: Azure Racy Personal Credit Line Trust Fund

unreal

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



Reply Favorite

Date: May 22nd, 2019 6:51 AM
Author: Deranged Organic Girlfriend Weed Whacker



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



Reply Favorite

Date: May 22nd, 2019 6:52 AM
Author: beady-eyed nudist stain



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



Reply Favorite

Date: May 22nd, 2019 7:03 AM
Author: yellow giraffe hall

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: Well-lubricated up-to-no-good foreskin



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



Reply Favorite

Date: May 22nd, 2019 10:10 AM
Author: aphrodisiac charcoal chapel

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: Well-lubricated up-to-no-good foreskin



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



Reply Favorite

Date: May 22nd, 2019 11:43 AM
Author: mischievous goal in life national

"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: Deranged Organic Girlfriend Weed Whacker



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



Reply Favorite

Date: May 22nd, 2019 1:26 PM
Author: Well-lubricated up-to-no-good foreskin



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



Reply Favorite

Date: May 27th, 2019 2:58 PM
Author: excitant hilarious genital piercing jewess



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



Reply Favorite

Date: May 22nd, 2019 11:46 AM
Author: crusty indirect expression

"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: vengeful locale

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: Dashing Obsidian University Reading Party



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



Reply Favorite

Date: May 22nd, 2019 12:28 PM
Author: Well-lubricated up-to-no-good foreskin



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



Reply Favorite

Date: May 22nd, 2019 3:16 PM
Author: mischievous goal in life national

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: Well-lubricated up-to-no-good foreskin

(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: vengeful locale



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



Reply Favorite

Date: May 22nd, 2019 6:10 PM
Author: mischievous goal in life national

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: Well-lubricated up-to-no-good foreskin

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: mischievous goal in life national

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: Bronze federal shrine

"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: Well-lubricated up-to-no-good foreskin

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: bonkers headpube queen of the night

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: Well-lubricated up-to-no-good foreskin



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



Reply Favorite

Date: May 22nd, 2019 6:52 PM
Author: glassy stimulating azn rigpig

“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: exhilarant fluffy electric furnace

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: Well-lubricated up-to-no-good foreskin



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



Reply Favorite

Date: May 28th, 2019 4:20 AM
Author: Bronze federal shrine

💰

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



Reply Favorite

Date: May 28th, 2019 4:49 AM
Author: Sepia talented field milk

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: Bronze federal shrine

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: Well-lubricated up-to-no-good foreskin



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



Reply Favorite

Date: June 10th, 2019 7:15 PM
Author: Dead Dog Poop

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: Mildly Autistic Parlor French Chef

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: Translucent Frozen Heaven Athletic Conference

is this smart?

help

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