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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...
Sable contagious jew gas station
  05/21/19
...
Arousing Brass Legend Gaping
  05/21/19
...
Sable contagious jew gas station
  05/21/19
For someone in his position to say this... It should be a ca...
Yellow bearded school cafeteria
  05/21/19
Guy should be fucking strung up But the issue is everyone...
Sable contagious jew gas station
  05/21/19
...
Hairraiser ticket booth
  05/22/19
...
amber vibrant lay
  05/23/19
...
cerebral location hissy fit
  06/10/19
I stand by this poast.
Yellow bearded school cafeteria
  06/10/19
unreal
Razzle rigpig mediation
  05/22/19
...
Hairraiser ticket booth
  05/22/19
...
razzle-dazzle partner factory reset button
  05/22/19
The equity should be leveraged to finance taco trucks and se...
Glittery market incel
  05/22/19
...
Sable contagious jew gas station
  05/22/19
H E H E E H E
filthy office roast beef
  05/22/19
...
Sable contagious jew gas station
  05/22/19
"a return to a reasonable pattern of home equity extrac...
bateful wild theater
  05/22/19
...
Hairraiser ticket booth
  05/22/19
...
Sable contagious jew gas station
  05/22/19
...
Bespoke Faggotry
  05/27/19
"It's an investment in your self! And those get those b...
Zippy tanning salon
  05/22/19
holy shit evan ur crazy
Obsidian sandwich
  05/22/19
...
Geriatric half-breed
  05/22/19
...
Sable contagious jew gas station
  05/22/19
On the HELOCs though, in all seriousness it’s not a ba...
bateful wild theater
  05/22/19
(Bankrupt guy in 2009)
Sable contagious jew gas station
  05/22/19
...
Obsidian sandwich
  05/22/19
I bought up a couple of cheap properties in 2010 and 2011. W...
bateful wild theater
  05/22/19
That's a far cry from owning two properties with mortgages i...
Sable contagious jew gas station
  05/22/19
My overall LTV is like 60%. I’m not overleveraged.
bateful wild theater
  05/22/19
"Even though home values have risen over 40% since 2012...
maroon big mexican old irish cottage
  05/22/19
Note how they choose 2012, not 2008
Sable contagious jew gas station
  05/23/19
LOL. The people who run our economy are so desperate to see...
stimulating violent gay wizard indian lodge
  05/22/19
...
Sable contagious jew gas station
  06/10/19
“Homeowners may have overlearned the lessons from the ...
Sick range
  05/22/19
I admire this level of shamelessness
laughsome rose fat ankles native
  05/23/19
...
Sable contagious jew gas station
  05/27/19
💰
maroon big mexican old irish cottage
  05/28/19
hope he gets raped by a pack of niggers
apoplectic boiling water
  05/28/19
Report: Americans in DEBT up to eyeballs. Econ Crash = Mad M...
maroon big mexican old irish cottage
  06/10/19
...
Sable contagious jew gas station
  06/10/19
Truly absurd.
Harsh point
  06/10/19
Obviously irresponsible to advocate this for average America...
misunderstood pocket flask
  06/10/19
is this smart? help
cerebral location hissy fit
  09/18/20


Poast new message in this thread



Reply Favorite

Date: May 21st, 2019 9:29 PM
Author: Sable contagious jew gas station

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: Arousing Brass Legend Gaping



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



Reply Favorite

Date: May 21st, 2019 9:56 PM
Author: Sable contagious jew gas station



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



Reply Favorite

Date: May 21st, 2019 9:58 PM
Author: Yellow bearded school cafeteria

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: Sable contagious jew gas station

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: Hairraiser ticket booth



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



Reply Favorite

Date: May 23rd, 2019 8:12 AM
Author: amber vibrant lay



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



Reply Favorite

Date: June 10th, 2019 3:59 PM
Author: cerebral location hissy fit



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



Reply Favorite

Date: June 10th, 2019 6:22 PM
Author: Yellow bearded school cafeteria

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: Razzle rigpig mediation

unreal

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



Reply Favorite

Date: May 22nd, 2019 6:51 AM
Author: Hairraiser ticket booth



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



Reply Favorite

Date: May 22nd, 2019 6:52 AM
Author: razzle-dazzle partner factory reset button



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



Reply Favorite

Date: May 22nd, 2019 7:03 AM
Author: Glittery market incel

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: Sable contagious jew gas station



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



Reply Favorite

Date: May 22nd, 2019 10:10 AM
Author: filthy office roast beef

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: Sable contagious jew gas station



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



Reply Favorite

Date: May 22nd, 2019 11:43 AM
Author: bateful wild theater

"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: Hairraiser ticket booth



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



Reply Favorite

Date: May 22nd, 2019 1:26 PM
Author: Sable contagious jew gas station



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



Reply Favorite

Date: May 27th, 2019 2:58 PM
Author: Bespoke Faggotry



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



Reply Favorite

Date: May 22nd, 2019 11:46 AM
Author: Zippy tanning salon

"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: Obsidian sandwich

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: Geriatric half-breed



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



Reply Favorite

Date: May 22nd, 2019 12:28 PM
Author: Sable contagious jew gas station



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



Reply Favorite

Date: May 22nd, 2019 3:16 PM
Author: bateful wild theater

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: Sable contagious jew gas station

(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: Obsidian sandwich



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



Reply Favorite

Date: May 22nd, 2019 6:10 PM
Author: bateful wild theater

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: Sable contagious jew gas station

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: bateful wild theater

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: maroon big mexican old irish cottage

"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: Sable contagious jew gas station

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: stimulating violent gay wizard indian lodge

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: Sable contagious jew gas station



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



Reply Favorite

Date: May 22nd, 2019 6:52 PM
Author: Sick range

“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: laughsome rose fat ankles native

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: Sable contagious jew gas station



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



Reply Favorite

Date: May 28th, 2019 4:20 AM
Author: maroon big mexican old irish cottage

💰

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



Reply Favorite

Date: May 28th, 2019 4:49 AM
Author: apoplectic boiling water

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: maroon big mexican old irish cottage

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: Sable contagious jew gas station



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



Reply Favorite

Date: June 10th, 2019 7:15 PM
Author: Harsh point

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: misunderstood pocket flask

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: cerebral location hissy fit

is this smart?

help

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