Essential Economics for Politicians

Yes. Because unlike you, my interest rate is 3.99% to start while you start at 26%. I get a lower interest rate while retaining access to an additional 250k that you allowed me to have at 100% CLTV. A bank would never do that. But a Fries U grad would. What a deal! Best deal yet!!

Where did "26%" come from?
 

Bruddah, the dialogue is over.

You won when you bragged about paying off $250K on your house loan so that you could have $250K in additional home equity to borrow against to buy another house.

(Instead of just using the 250 to buy the other house, thereby not having additional debt and interest payments.)

All-timer, that was.
 
Bruddah, the dialogue is over.

You won when you bragged about paying off $250K on your house loan so that you could have $250K in additional home equity to borrow against to buy another house.

(Instead of just using the 250 to buy the other house, thereby not having additional debt and interest payments.)

All-timer, that was.

Silence from Izzy?
 
Bruddah, the dialogue is over.

You won when you bragged about paying off $250K on your house loan so that you could have $250K in additional home equity to borrow against to buy another house.

(Instead of just using the 250 to buy the other house, thereby not having additional debt and interest payments.)

All-timer, that was.
Your scenario of 100% CLTV has no place in the real world. “Too complicated” you cry! Lol!!
 
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