Got pre-aproved for a line of credit for 20g's

[MaxBell]

Wow, my job is a financial coach and this is the kind of ignorance I try and fight EVERY day. There is no good debt. Start saving your money. Educate yourself.

[e30e]

Take the 20k out, I look forward to the F/S ads in the future!

[Kruzen]

In 30 years time houses would be more then 2mil but the average wage increases as well but if you were to increase you deposits accordingly you should have no problems.

I can't believe no one fucking said anything about this.

This is completely fucking wrong and is a lie perpetuated by the financial houses of our time. Housing prices don't just magically ALWAYS GO UP. Wages don't ALWAYS GO UP. In fact, wages increasing is generally a sign of economic downturn on the horizon.

Keynesian economics suggests an economy which must always be in a growth cycle and suggests constant expansion of the money supply benefits the economy.

This, time and time again, has proven to be WRONG. Keynesians are idiots. EVERY economy has a bust cycle and constant inflation and monetary expansion is IMPOSSIBLE and only capable of happening with market manipulation and direct modification of the money supply. In a self managing free market housing prices go through boom and bust cycles related to supply and demand and cost of good and services. The increase in housing prices over the last 15 years (and subsequent crash) is evidence of a system propped up on wooden stilts waiting to come crashing down.

It's foolish to believe if you buy a house it will magically be worth millions 30 years time. Values of commodities appreciate and depreciate but the type of appreciation we have seen in the last 20 years is NOT typical and is unsustainable. Don't be an idiot.

[Heysüß]

go for it, trust me..... I'm an accounting major.

[Heysüß]

.... but really don't do do it, trust me..... I'm an accounting major.

[scabzzzz]

Proof that Canadians are sub human in the OP!

[Adrian_Visser]

Proof that Canadians are sub human in the OP!

Proof that you're a fucking redneck?

[s0urce]

.... but really don't do do it, trust me..... I'm an accounting major.

ahahahah. Now this is just funny.

[briansjacobs]

I bet you could take that $20k and double it at a casino in one night!

[mrsleeve]

I can't believe no one fucking said anything about this.

This is completely fucking wrong and is a lie perpetuated by the financial houses of our time. Housing prices don't just magically ALWAYS GO UP. Wages don't ALWAYS GO UP. In fact, wages increasing is generally a sign of economic downturn on the horizon.

Keynesian economics suggests an economy which must always be in a growth cycle and suggests constant expansion of the money supply benefits the economy.

This, time and time again, has proven to be WRONG. Keynesians are idiots. EVERY economy has a bust cycle and constant inflation and monetary expansion is IMPOSSIBLE and only capable of happening with market manipulation and direct modification of the money supply. In a self managing free market housing prices go through boom and bust cycles related to supply and demand and cost of good and services. The increase in housing prices over the last 15 years (and subsequent crash) is evidence of a system propped up on wooden stilts waiting to come crashing down.

It's foolish to believe if you buy a house it will magically be worth millions 30 years time. Values of commodities appreciate and depreciate but the type of appreciation we have seen in the last 20 years is NOT typical and is unsustainable. Don't be an idiot.

I agree with this, yes we are in the middle of a market correction right now, but the govt is doing everything to keep it from happening and its going to cost all of us 100 fold in the long run.


OP Leave that credit line alone, DONT FUCKING TOUCH IT. You have to be a fucking fool to think this is even remotely a good idea.

Start a business or some thing with it, that way you can at least have that money make you money

[SimplyDope]

Want me to punch him in the arm at the next meet? There's one coming up :D

[meyere30]

Hey Stan. How are you? I love your E30. I keep trying to get the wife a new car but its hard to beat the simplicity of the E30. It was all in all a great car. E46's are nice but the cost to maintain them is high. There is nothing cheap.

[Stanley Rockefeller]

Want me to punch him in the arm at the next meet? There's one coming up :D

more info needed :D

havent' been part of the bmw scene since i finished uni out on the prairies. back there bmw;s were as rare as hen's teeth, and an old one in good shape was even harder to find (given roads and winters).

[Turf1600]

Whoa now mr. high and mighty.. how would you expect me to get to job interviews with $0.08 in my checking account and no gas?

This was your post:

I've been in the situation for a while now where I've thought about getting a credit card to free up some spending money for myself.

Using borrowed money to help you get back on your feet is something completely different. That's just not exactly what you said.

[ck_taft325is]

This was your post:



Using borrowed money to help you get back on your feet is something completely different. That's just not exactly what you said.

There ya go ;)

Far less douchey.