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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...
henna alcoholic church
  05/21/19
...
Adventurous International Law Enforcement Agency
  05/21/19
...
henna alcoholic church
  05/21/19
For someone in his position to say this... It should be a ca...
Appetizing Fluffy Base Antidepressant Drug
  05/21/19
Guy should be fucking strung up But the issue is everyone...
henna alcoholic church
  05/21/19
...
Greedy Background Story
  05/22/19
...
Sexy school corn cake
  05/23/19
...
internet-worthy turdskin
  06/10/19
I stand by this poast.
Appetizing Fluffy Base Antidepressant Drug
  06/10/19
unreal
Impertinent razzmatazz resort
  05/22/19
...
Greedy Background Story
  05/22/19
...
contagious center mood
  05/22/19
The equity should be leveraged to finance taco trucks and se...
Domesticated chestnut toaster whorehouse
  05/22/19
...
henna alcoholic church
  05/22/19
H E H E E H E
Hairraiser stock car
  05/22/19
...
henna alcoholic church
  05/22/19
"a return to a reasonable pattern of home equity extrac...
harsh orchestra pit
  05/22/19
...
Greedy Background Story
  05/22/19
...
henna alcoholic church
  05/22/19
...
Ivory yapping meetinghouse immigrant
  05/27/19
"It's an investment in your self! And those get those b...
Shivering Balding Abode
  05/22/19
holy shit evan ur crazy
sticky heaven telephone
  05/22/19
...
Duck-like exciting macaca
  05/22/19
...
henna alcoholic church
  05/22/19
On the HELOCs though, in all seriousness it’s not a ba...
harsh orchestra pit
  05/22/19
(Bankrupt guy in 2009)
henna alcoholic church
  05/22/19
...
sticky heaven telephone
  05/22/19
I bought up a couple of cheap properties in 2010 and 2011. W...
harsh orchestra pit
  05/22/19
That's a far cry from owning two properties with mortgages i...
henna alcoholic church
  05/22/19
My overall LTV is like 60%. I’m not overleveraged.
harsh orchestra pit
  05/22/19
"Even though home values have risen over 40% since 2012...
laughsome headpube goyim
  05/22/19
Note how they choose 2012, not 2008
henna alcoholic church
  05/23/19
LOL. The people who run our economy are so desperate to see...
Cerise dilemma kitty
  05/22/19
...
henna alcoholic church
  06/10/19
“Homeowners may have overlearned the lessons from the ...
brindle cocky library incel
  05/22/19
I admire this level of shamelessness
Unholy House Internal Respiration
  05/23/19
...
henna alcoholic church
  05/27/19
💰
laughsome headpube goyim
  05/28/19
hope he gets raped by a pack of niggers
House-broken swollen home pistol
  05/28/19
Report: Americans in DEBT up to eyeballs. Econ Crash = Mad M...
laughsome headpube goyim
  06/10/19
...
henna alcoholic church
  06/10/19
Truly absurd.
Self-absorbed amethyst faggot firefighter ticket booth
  06/10/19
Obviously irresponsible to advocate this for average America...
up-to-no-good excitant chapel
  06/10/19
is this smart? help
internet-worthy turdskin
  09/18/20


Poast new message in this thread



Reply Favorite

Date: May 21st, 2019 9:29 PM
Author: henna alcoholic church

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: Adventurous International Law Enforcement Agency



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



Reply Favorite

Date: May 21st, 2019 9:56 PM
Author: henna alcoholic church



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



Reply Favorite

Date: May 21st, 2019 9:58 PM
Author: Appetizing Fluffy Base Antidepressant Drug

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: henna alcoholic church

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: Greedy Background Story



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



Reply Favorite

Date: May 23rd, 2019 8:12 AM
Author: Sexy school corn cake



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



Reply Favorite

Date: June 10th, 2019 3:59 PM
Author: internet-worthy turdskin



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



Reply Favorite

Date: June 10th, 2019 6:22 PM
Author: Appetizing Fluffy Base Antidepressant Drug

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: Impertinent razzmatazz resort

unreal

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



Reply Favorite

Date: May 22nd, 2019 6:51 AM
Author: Greedy Background Story



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



Reply Favorite

Date: May 22nd, 2019 6:52 AM
Author: contagious center mood



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



Reply Favorite

Date: May 22nd, 2019 7:03 AM
Author: Domesticated chestnut toaster whorehouse

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: henna alcoholic church



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



Reply Favorite

Date: May 22nd, 2019 10:10 AM
Author: Hairraiser stock car

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: henna alcoholic church



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



Reply Favorite

Date: May 22nd, 2019 11:43 AM
Author: harsh orchestra pit

"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: Greedy Background Story



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



Reply Favorite

Date: May 22nd, 2019 1:26 PM
Author: henna alcoholic church



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



Reply Favorite

Date: May 27th, 2019 2:58 PM
Author: Ivory yapping meetinghouse immigrant



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



Reply Favorite

Date: May 22nd, 2019 11:46 AM
Author: Shivering Balding Abode

"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: sticky heaven telephone

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: Duck-like exciting macaca



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



Reply Favorite

Date: May 22nd, 2019 12:28 PM
Author: henna alcoholic church



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



Reply Favorite

Date: May 22nd, 2019 3:16 PM
Author: harsh orchestra pit

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: henna alcoholic church

(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: sticky heaven telephone



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



Reply Favorite

Date: May 22nd, 2019 6:10 PM
Author: harsh orchestra pit

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: henna alcoholic church

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: harsh orchestra pit

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: laughsome headpube goyim

"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: henna alcoholic church

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: Cerise dilemma kitty

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: henna alcoholic church



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



Reply Favorite

Date: May 22nd, 2019 6:52 PM
Author: brindle cocky library incel

“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: Unholy House Internal Respiration

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: henna alcoholic church



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



Reply Favorite

Date: May 28th, 2019 4:20 AM
Author: laughsome headpube goyim

💰

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



Reply Favorite

Date: May 28th, 2019 4:49 AM
Author: House-broken swollen home pistol

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: laughsome headpube goyim

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: henna alcoholic church



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



Reply Favorite

Date: June 10th, 2019 7:15 PM
Author: Self-absorbed amethyst faggot firefighter ticket booth

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: up-to-no-good excitant chapel

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: internet-worthy turdskin

is this smart?

help

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