03-12-2007, 05:27 PM
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Hummer Guru
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Join Date: Dec 2005
Location: In a FREE U.S.A. where Marxism, Socialism & Communism is not allowed !
Posts: 5,485
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Re: Mortgage Time
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Originally Posted by Adam in CO
Um, no. Please do not liquidate an appreciating asset to buy one that depreciates. While I am anti-home equity (it doesn't earn interest, and if you need your money you have to pay some schmuck like me to get it) I would recommend people liquidate and put it into at least a savings account. It will earn interest and when you need your money, walk into the bank and get it.
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You gota be kidding... you can make better interest loaning it out to elementry school kids...
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