My head cold has waned. It's now at the occasional headache, occasional hand grenade in the nose stage. Just enough to keep me from wanting to do anything but a meme.
House debt is "good" debt, in that when the market increases, the value of the house increases and you build equity. The equity is considered part of your net worth on paper, calculated at an 80% liquidity (meaning that under normal circumstances, you could get a home equity loan for about 80% of the total equity).
Considering that you bought the house quite a few years ago, I'd guess the equity is fairly good.
Considering that you bought the house quite a few years ago, I'd guess the equity is fairly good.
I seem to recall ElDogo also saying that he got before the housing bubble, too. Despite the recent housing market crash, I'd say the equity is probably very good.
In an attempt to amuse myself I did a cornball impression of Emeril, and yelled "Bam!" while tossing in some vegetables... and the hot oil splashed all over my arm and burned me.
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Considering that you bought the house quite a few years ago, I'd guess the equity is fairly good.
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I seem to recall ElDogo also saying that he got before the housing bubble, too. Despite the recent housing market crash, I'd say the equity is probably very good.
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I'm sorry, but that made me laugh a lot.
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