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In Reply to: You'd be what they call heavily leveraged posted by Jay Buridan on June 9, 2021 at 23:38:53:
...borrow as much as you can, yet still make the minimum payments. I know people with "perpetual mortgages"--they could have paid-off their homes years ago, but they refinance every time they have any significant equity and rates are favorable. They'll have a mortgage payment, and still be deep in debt the day they die, but they just keep drawing and spending against their homes.
"And today is for sale and it's all you can afford. Buy your own admission. The whole things got you bored. Well the Lord chooses the good ones, and the bad ones use the Lord"--a very dear friend for decades Michael Stanley (Gee)--RIP
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Follow Ups
- AKA "House of Cards"... - dark_dave56 02:16:07 06/10/21 (2)
- RE: AKA "House of Cards"... - tweaker456 08:16:06 06/10/21 (1)
- tweak, it's been charted many times including the Roaring Twenties - Jay Buridan 09:37:31 06/10/21 (0)