Quote:
Originally Posted by Icky Thump
Different lender is one thing but lenders HAVE to be pulling credit reports now. If Bank A sees you asking for a bailout from Bank B I wonder if they reduce that credit line to zero.
I haven't tapped any credit lines yet but I haven't rushed to pay bills early.
The way I look at it is if we turn into The Walking Dead and the money in your account isn't useful, actual cash would be less useful. You never see Carol paying for stuff with fives, do you but last season in, Carol was living in a cute little shack she found.
The only thing is if Elizabeth honey, I have the big one, and the house is paid for, my wife and kid really don't have to worry about anything $ wise for a while. As nice as it sounds to pack up the cash and walk over the border to Canada (I know the hidden spots) there's too much equity in this house to just walk away unless we turn into Venezuela.
And if shit does turn around, I am predicting a fire sale on Manhattan real estate and a mad rush to the burbs so I can be like this guy and ask for $20 million.  |
Under the policies of my lender, there is no adverse reporting. I could take holiday and be reported as current. YMMV.
I bought in burbs ahead of 2007 and bet on concept the crash would wreck cities in my state. I think I may double my home’s value based oddly what is happening more in NYC. NJ tax refugee flight is only going to accelerate.
I just have to hold on to the damn property now!
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