04-07-2016, 11:55 AM
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#5601
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My dinner reheated before my turbo spooled
Join Date: Oct 2002
Location: vancouver
Posts: 1,766
Thanked 640 Times in 242 Posts
Failed 12 Times in 9 Posts
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Quote:
Originally Posted by dat_steve
A close friend just purchased a house with her husband. Doubt they make 6 figures each, but probably pretty close (gross). Only way they could afford a relatively decent down payment was to take out a LOC secured by her parents' house. even then the payments are pretty huge. I'm guessing this is how a lot of people whose families aren't super well off are doing it. Makes me cringe to think of using debt to get more debt.
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Ya thats not a good idea
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