Comments on: Home equity loans

By: joesteinbock

joesteinbock — Sat, 12 Jun 2010 16:04:48 +0000

Hey strawman….read and pay attention….
He said he originally bought it for 1 million AND he said the 1.075 is an approximation.

By: thetempun

thetempun — Sat, 12 Jun 2010 15:39:55 +0000

Should I Be Watching This I’m fifteen ? But I NEED To Learn This.

By: quitejaded

quitejaded — Sat, 12 Jun 2010 14:55:06 +0000

Its never too early to learn about managing your money.

I just don’t really understand why you owe the bank 325k when its coming out of your house.

By: machvis

machvis — Sat, 12 Jun 2010 14:04:53 +0000

Just a question Sal> If I bought a car than we should write the car in assets, in this case 100K and cash will decrease by 100K, So equity should stay the same. Am I wrong?

By: dontblamethemessenge

dontblamethemessenge — Sat, 12 Jun 2010 13:37:51 +0000

In the Netherlands they also have the option to get the “overvalue” of the house from the bank. So people could use that amount of money, not for holidays but only for improving the house.
I have a house but i did not really understand the concept until this video, thanks for that.
Luckily i did not use that “overvalue” because this overvalue will go down as the prices decrease of houses. So this overvalue is a kind of buffer for decreasing house prices.

By: ThatIsNotDeadWhich

ThatIsNotDeadWhich — Sat, 12 Jun 2010 13:34:29 +0000

Yes and no. Assuming that the car is actually worth 100K, you’re right. But if you live in a reasonably densely populated city with a half-decent public transit system, chances are that the car isn’t worth the book value.

In much of Scandinavia, for example, commuting by car is actually more expensive than commuting by train *just in terms of running costs* – which argubly makes the car an asset with a *negative* value in purely economic terms.

By: davidmichael3d

davidmichael3d — Sat, 12 Jun 2010 13:04:04 +0000

These videos are absolutely brilliant. Well done for noticing the recession in early 2008! Many economists only became sure of that in 2009.

By: Peexter

Peexter — Sat, 12 Jun 2010 12:06:06 +0000

If you have not been able to get an auto loan I suggest you check out MoneyLoansCredit (.) com. It’s a site where people help others get money and loans.

By: slapcigar

slapcigar — Sat, 12 Jun 2010 12:00:04 +0000

Hey Joesteinbock….read again and stop being smart. He did start out by saying “i originally bought a house for one and a half mil. “

By: Truthnadv1

Truthnadv1 — Sat, 12 Jun 2010 11:06:00 +0000

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