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The Water Cooler
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Reverse Mortgages
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<blockquote data-quote="RidgeHunter" data-source="post: 1328298" data-attributes="member: 4319"><p>I've known old farts to send dumb chain e-mails and buy thousands of dollars of merchandise from infomercials and door to door salesmen. Just because "it works for them" doesn't make it a wise decision.</p><p></p><p></p><p></p><p>Dude, it can't be that simple. I need a new RV. </p><p></p><p></p><p></p><p>Equity in your home is not the same as money in the bank. Just because you can borrow against it doesn't make it so. That's not "lifestyle" money. That's one of the "big 3" (food, water, shelter). Leveraging your shelter to increase your lifestyle is not living within your means by any stretch.</p></blockquote><p></p>
[QUOTE="RidgeHunter, post: 1328298, member: 4319"] I've known old farts to send dumb chain e-mails and buy thousands of dollars of merchandise from infomercials and door to door salesmen. Just because "it works for them" doesn't make it a wise decision. Dude, it can't be that simple. I need a new RV. Equity in your home is not the same as money in the bank. Just because you can borrow against it doesn't make it so. That's not "lifestyle" money. That's one of the "big 3" (food, water, shelter). Leveraging your shelter to increase your lifestyle is not living within your means by any stretch. [/QUOTE]
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