One of the things that I find most fascinating is the substantial growth of our economy over the past 10 years. It's hilarious because observation is always 20/20.
You can look around at all of the real estate that is fully fledged over the past few years. People were buying houses in Florida New York New Jersey and even though I'll never go up in value very fast. You could buy a home and be up 5% in just one year's time. How does that happen? How can you purchase something and have a go up in value so quickly? The banks were in on it. The banks were keen to lend money to people on the house that they said they would give an upper value for. Appraisals were coming in super high.
People were taking money out of their houses equity and putting it into their homes. They take out money for home improvement. So they would take out money on the house against their house, so the house would be worth more money. Crazy to think about really. A home equity pomsey scheme.
The really funny part about this, was when people would take out home equity lines on their house to payoff credit card debt. New York State showed the highest statistics for this. After all their houses go up in value very quickly so people in New York would take out money against the house to payoff the credit card debt.
The only problem with this is that they can pay off their credit card debt with their equity there is no pain felt nothing really happen didn't feel the money leaving them. They just had less credit card debt but there was no suffering. And without no suffering there is no change. So what happens when there's no change people keep spending money on their credit cards.
The statistics have made known that people whose then the total of money on their credit card debt and then pay it off of equity, 90% of the time it comes back up to a higher balance on their credit cards than what they had before. So what's the bottom line? It's everyone's error but thanks for lending money out to easily. The greediness of the average Joe shopper caused people to spend more than what they made society overstretched its boundaries. All of the games that we had are now being raised our existing recession if you're reading this people, stop your credit card debt ohio. - 31377
You can look around at all of the real estate that is fully fledged over the past few years. People were buying houses in Florida New York New Jersey and even though I'll never go up in value very fast. You could buy a home and be up 5% in just one year's time. How does that happen? How can you purchase something and have a go up in value so quickly? The banks were in on it. The banks were keen to lend money to people on the house that they said they would give an upper value for. Appraisals were coming in super high.
People were taking money out of their houses equity and putting it into their homes. They take out money for home improvement. So they would take out money on the house against their house, so the house would be worth more money. Crazy to think about really. A home equity pomsey scheme.
The really funny part about this, was when people would take out home equity lines on their house to payoff credit card debt. New York State showed the highest statistics for this. After all their houses go up in value very quickly so people in New York would take out money against the house to payoff the credit card debt.
The only problem with this is that they can pay off their credit card debt with their equity there is no pain felt nothing really happen didn't feel the money leaving them. They just had less credit card debt but there was no suffering. And without no suffering there is no change. So what happens when there's no change people keep spending money on their credit cards.
The statistics have made known that people whose then the total of money on their credit card debt and then pay it off of equity, 90% of the time it comes back up to a higher balance on their credit cards than what they had before. So what's the bottom line? It's everyone's error but thanks for lending money out to easily. The greediness of the average Joe shopper caused people to spend more than what they made society overstretched its boundaries. All of the games that we had are now being raised our existing recession if you're reading this people, stop your credit card debt ohio. - 31377
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Be responsible for your debt especially in this trying times that we are experiencing global recession, Cease Credit Card Debt Ohio
