Author Topic: My Soon-To-Be Millionaire Family Members  (Read 48323 times)

Kay-Ell

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Re: My Soon-To-Be Millionaire Family Members
« Reply #250 on: April 28, 2018, 03:05:44 PM »

Unless of course they refinance to pull some of that equity out. That move was common during the last big housing boom because interest rates were low enough to make people think they could get a better ROI elsewhere.
...
Ms Squeaker, you're being charitable again.  I reckon not one in a hundred of the people who ATMed their homes in the last RE bubble did it based on a rational calculation that they could get a better ROI elsewhere./*  Nah, they used it for down payments on water lice, road lice, and pervert wagons.  (Jet skis, ATVs, winnebagi.)  Livin' the dream, with the house an endless fountain of cash to dreckify the perpetual appreciation.  Livin' the dream, and learning how a margin cascade works.
__
/* After all, it was true.  They could have.  And if they had, they'd still have the house now; their credit rating would gleam with the brilliance of a thousand suns instead of looking like something the septic tank pumper brings up; they' have big chunks of index funds; and financial reporters would be interviewing them about their genius and their stick-to-itiveness.

I refinanced my house one year after I purchased it to remove PMI and get a lower interest rate. A coworker of mine was also refinancing her house and we struck up anconversation about the paperwork. That’s when she said “don’t you just love refinancing?” I gave her a quizzical look and she continued “every year you just talk to you lender and they tell you how much money your house has made!” This was in 2015. I cringe to think what might happen in the future if every drop of equity is wrung out of their home every year.

TheGrimSqueaker

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Re: My Soon-To-Be Millionaire Family Members
« Reply #251 on: April 30, 2018, 10:08:33 AM »

Unless of course they refinance to pull some of that equity out. That move was common during the last big housing boom because interest rates were low enough to make people think they could get a better ROI elsewhere.
...
Ms Squeaker, you're being charitable again.  I reckon not one in a hundred of the people who ATMed their homes in the last RE bubble did it based on a rational calculation that they could get a better ROI elsewhere./*  Nah, they used it for down payments on water lice, road lice, and pervert wagons.  (Jet skis, ATVs, winnebagi.)  Livin' the dream, with the house an endless fountain of cash to dreckify the perpetual appreciation.  Livin' the dream, and learning how a margin cascade works.
__
/* After all, it was true.  They could have.  And if they had, they'd still have the house now; their credit rating would gleam with the brilliance of a thousand suns instead of looking like something the septic tank pumper brings up; they' have big chunks of index funds; and financial reporters would be interviewing them about their genius and their stick-to-itiveness.

I'm trying *so* freaking hard to de-snarkify and be nice.

Should I just stop?
I squeak softly, but carry a big schtick.

adamb

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Re: My Soon-To-Be Millionaire Family Members
« Reply #252 on: April 30, 2018, 11:10:18 AM »
The sad thing is, they're going to live better lives than their frugal, responsible counterparts. They're basically acting like they're FIREd already, relaxed, healthy and enjoying life. The only difference is they'll get handouts from their parents, they'll have to pay less for liability if they get sued (because they'll have no savings) and they'll jump straight to medicaid in their old age, instead of slaving away for the "pride" of building their own stash and legacy like most of us do. I wish socialists would understand that it's always what happens when handouts are given.

so a couple directly benefiting from a capitalistic society of free handouts for the failsons of the elites while the rest work for scraps is an indictment of socialism?

I label this post 'Close But No Potato'.

ScreamingHeadGuy

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Re: My Soon-To-Be Millionaire Family Members
« Reply #253 on: April 30, 2018, 02:05:36 PM »
This is my favorite thread too!  And of course it makes us bad people for laughing, but do we care?  I like to imagine someone in my family is on another board somewhere talking about my crazy financial decisions, and all of the other forum members think I'm a lunatic.

"Then she quit her job, and buys everything from yard sales and craigslist!  And when I asked what she planned to do if the economy goes belly up, she just shrugged her shoulders and said she guesses she'd have to find a way to earn money!  But when she was actually offered another job, did she take it?  No, she turned it down saying she didn't think she'd need the money.  And bear in mind this person is not a multi-millionaire.  Like AT ALL!  But somehow she's deluded herself into thinking she can live off of savings and real estate investments, because "frugality!"

:-D
That is a very good analogy.
Please tell me this place exists

I want to join that forum and lurk.  They would have a "Non-Spendres and Misers' Wall of Comedy" to bitch about folks like us.
"We must not, in trying to think about how we can make a big difference, ignore the small daily differences we can make which, over time, add up to big differences that we often cannot foresee." - Marian Wright Edelman

Kay-Ell

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Re: My Soon-To-Be Millionaire Family Members
« Reply #254 on: April 30, 2018, 10:09:41 PM »
This is my favorite thread too!  And of course it makes us bad people for laughing, but do we care?  I like to imagine someone in my family is on another board somewhere talking about my crazy financial decisions, and all of the other forum members think I'm a lunatic.

"Then she quit her job, and buys everything from yard sales and craigslist!  And when I asked what she planned to do if the economy goes belly up, she just shrugged her shoulders and said she guesses she'd have to find a way to earn money!  But when she was actually offered another job, did she take it?  No, she turned it down saying she didn't think she'd need the money.  And bear in mind this person is not a multi-millionaire.  Like AT ALL!  But somehow she's deluded herself into thinking she can live off of savings and real estate investments, because "frugality!"

:-D
That is a very good analogy.
Please tell me this place exists

I want to join that forum and lurk.  They would have a "Non-Spendres and Misers' Wall of Comedy" to bitch about folks like us.

The next best thing would be to create a thread where we all mock ourselves and try to imagine what our spendy-pants friends and relatives would say about us. :-D

Clookie

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Re: My Soon-To-Be Millionaire Family Members
« Reply #255 on: May 01, 2018, 05:37:40 AM »
This is my favorite thread too!  And of course it makes us bad people for laughing, but do we care?  I like to imagine someone in my family is on another board somewhere talking about my crazy financial decisions, and all of the other forum members think I'm a lunatic.

"Then she quit her job, and buys everything from yard sales and craigslist!  And when I asked what she planned to do if the economy goes belly up, she just shrugged her shoulders and said she guesses she'd have to find a way to earn money!  But when she was actually offered another job, did she take it?  No, she turned it down saying she didn't think she'd need the money.  And bear in mind this person is not a multi-millionaire.  Like AT ALL!  But somehow she's deluded herself into thinking she can live off of savings and real estate investments, because "frugality!"

:-D
That is a very good analogy.
Please tell me this place exists

I want to join that forum and lurk.  They would have a "Non-Spendres and Misers' Wall of Comedy" to bitch about folks like us.

The next best thing would be to create a thread where we all mock ourselves and try to imagine what our spendy-pants friends and relatives would say about us. :-D

That would be awesome

Laura33

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Re: My Soon-To-Be Millionaire Family Members
« Reply #256 on: May 01, 2018, 06:58:39 AM »

Unless of course they refinance to pull some of that equity out. That move was common during the last big housing boom because interest rates were low enough to make people think they could get a better ROI elsewhere.
...
Ms Squeaker, you're being charitable again.  I reckon not one in a hundred of the people who ATMed their homes in the last RE bubble did it based on a rational calculation that they could get a better ROI elsewhere./*  Nah, they used it for down payments on water lice, road lice, and pervert wagons.  (Jet skis, ATVs, winnebagi.)  Livin' the dream, with the house an endless fountain of cash to dreckify the perpetual appreciation.  Livin' the dream, and learning how a margin cascade works.
__
/* After all, it was true.  They could have.  And if they had, they'd still have the house now; their credit rating would gleam with the brilliance of a thousand suns instead of looking like something the septic tank pumper brings up; they' have big chunks of index funds; and financial reporters would be interviewing them about their genius and their stick-to-itiveness.

I'm trying *so* freaking hard to de-snarkify and be nice.

Should I just stop?

Yes.  Your snark skills are too highly refined not to share with the rest of us plebes.
Laugh while you can, monkey-boy

TheGrimSqueaker

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Re: My Soon-To-Be Millionaire Family Members
« Reply #257 on: May 01, 2018, 08:04:43 AM »

Unless of course they refinance to pull some of that equity out. That move was common during the last big housing boom because interest rates were low enough to make people think they could get a better ROI elsewhere.
...
Ms Squeaker, you're being charitable again.  I reckon not one in a hundred of the people who ATMed their homes in the last RE bubble did it based on a rational calculation that they could get a better ROI elsewhere./*  Nah, they used it for down payments on water lice, road lice, and pervert wagons.  (Jet skis, ATVs, winnebagi.)  Livin' the dream, with the house an endless fountain of cash to dreckify the perpetual appreciation.  Livin' the dream, and learning how a margin cascade works.
__
/* After all, it was true.  They could have.  And if they had, they'd still have the house now; their credit rating would gleam with the brilliance of a thousand suns instead of looking like something the septic tank pumper brings up; they' have big chunks of index funds; and financial reporters would be interviewing them about their genius and their stick-to-itiveness.

I'm trying *so* freaking hard to de-snarkify and be nice.

Should I just stop?

Yes.  Your snark skills are too highly refined not to share with the rest of us plebes.

Whew! That's quite the relief. Now I no longer feel like I'm about to explode from sphincter paralysis.
I squeak softly, but carry a big schtick.

Sibley

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Re: My Soon-To-Be Millionaire Family Members
« Reply #258 on: May 01, 2018, 10:06:13 AM »

Unless of course they refinance to pull some of that equity out. That move was common during the last big housing boom because interest rates were low enough to make people think they could get a better ROI elsewhere.
...
Ms Squeaker, you're being charitable again.  I reckon not one in a hundred of the people who ATMed their homes in the last RE bubble did it based on a rational calculation that they could get a better ROI elsewhere./*  Nah, they used it for down payments on water lice, road lice, and pervert wagons.  (Jet skis, ATVs, winnebagi.)  Livin' the dream, with the house an endless fountain of cash to dreckify the perpetual appreciation.  Livin' the dream, and learning how a margin cascade works.
__
/* After all, it was true.  They could have.  And if they had, they'd still have the house now; their credit rating would gleam with the brilliance of a thousand suns instead of looking like something the septic tank pumper brings up; they' have big chunks of index funds; and financial reporters would be interviewing them about their genius and their stick-to-itiveness.

I'm trying *so* freaking hard to de-snarkify and be nice.

Should I just stop?

I LOVE your posts.

RWD

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Re: My Soon-To-Be Millionaire Family Members
« Reply #259 on: May 01, 2018, 10:10:51 AM »
I'm trying *so* freaking hard to de-snarkify and be nice.

Should I just stop?

Yes.  Your snark skills are too highly refined not to share with the rest of us plebes.
I LOVE your posts.

Yes, I'd like to third this. Keep the snark coming, @TheGrimSqueaker.

MrMoogle

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Re: My Soon-To-Be Millionaire Family Members
« Reply #260 on: May 01, 2018, 10:16:22 AM »
Some of yall have had pretty bad experiences with CPs.  I went to one for a while.  My first visit he told me I was causing my problem and if I chose to do X, Y, or Z, I wouldn't have to keep coming back, oh and here's how you do X.  He helped me get back to a good place and I did Y, so I stopped going back. 

My first visit took a while because he did X-rays and had to determine what was going on.  But after that, he had appointments every 10 minutes.  You'd come in, he'd check you out quickly, then set you up on a machine to warm up your muscles.  Then he'd go finish 1 or 2 others, then finish you after you're warm.  He was in production mode.  I never had to wait long to be seen and after that I was usually out within 10 minutes.

It was just him and a receptionist and they could do 6 per hour.  But, I could always get a same day appointment, so I doubt they were doing 6 every hour.  Not including first visits.

Do to other things going on I've stopped doing Y, so I've been doing Z, but only sporadically, so I may go back soon before I start Y back up.  A good CP was totally worth it for me.

Kay-Ell

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Re: My Soon-To-Be Millionaire Family Members
« Reply #261 on: May 01, 2018, 01:57:51 PM »
Some of yall have had pretty bad experiences with CPs.  I went to one for a while.  My first visit he told me I was causing my problem and if I chose to do X, Y, or Z, I wouldn't have to keep coming back, oh and here's how you do X.  He helped me get back to a good place and I did Y, so I stopped going back. 

My first visit took a while because he did X-rays and had to determine what was going on.  But after that, he had appointments every 10 minutes.  You'd come in, he'd check you out quickly, then set you up on a machine to warm up your muscles.  Then he'd go finish 1 or 2 others, then finish you after you're warm.  He was in production mode.  I never had to wait long to be seen and after that I was usually out within 10 minutes.

It was just him and a receptionist and they could do 6 per hour.  But, I could always get a same day appointment, so I doubt they were doing 6 every hour.  Not including first visits.

Do to other things going on I've stopped doing Y, so I've been doing Z, but only sporadically, so I may go back soon before I start Y back up.  A good CP was totally worth it for me.

I've also had good experiences with CP's, including ones who ran their office like a production line.  Totally fixed my chornic migranes, to the point I'm totally fine and get adjusted a couple times a year if I feel like I need it.

But let's do the math here for a second (on behalf of the soon-to-be-millionairs).  To make a million dollars in the first year he would need 6 patients an hour, for 8 hours each day, 365 days per year, charging $60 per visit FROM DAY ONE.  He'd even end up with an extra 50k from that business model - which he could use to pay for rent, utilities, insurance, staff, or maybe he could afford to take thanksgiving and chirstmass off.  Even if the demand existed, which it does not, he couldn't possible adjust at that pace for a whole year (let alone a whole career).

dogboyslim

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Re: My Soon-To-Be Millionaire Family Members
« Reply #262 on: May 02, 2018, 11:32:50 AM »
Your math doesn't include other revenue options beyond adjustments.  Its still REALLY unlikely, but there are more revenue options than what you described.  Consider the prepaid wellness program...pay up front, includes x adjustments as needed for the family, as well as a supplement regimen, a personal trainer with x #of visits with a few basic machines, some massage folks with n # massages, a nutritionist (who recommends the supplements).  Each of these folks you could hire as employees, or work with as referrals, but each could drive revenue.

grandep

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Re: My Soon-To-Be Millionaire Family Members
« Reply #263 on: May 02, 2018, 04:44:21 PM »
I just wanted to chime in and say that I also have had a great experience with a chiropractor. I hurt my lower back (L5S1 disc) weight lifting in college and had constant back pain for over a year. I finally went to a chiropractor and he sorted me right out. He never tried to sell me on any wacko stuff though, and I would have ran the other direction if he had.

Also, props to @frugalfoothills for the riveting storytelling. I can't wait to see how this all unfolds.

calimom

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Re: My Soon-To-Be Millionaire Family Members
« Reply #264 on: May 02, 2018, 06:50:16 PM »
Your math doesn't include other revenue options beyond adjustments.  Its still REALLY unlikely, but there are more revenue options than what you described.  Consider the prepaid wellness program...pay up front, includes x adjustments as needed for the family, as well as a supplement regimen, a personal trainer with x #of visits with a few basic machines, some massage folks with n # massages, a nutritionist (who recommends the supplements).  Each of these folks you could hire as employees, or work with as referrals, but each could drive revenue.

Exactly. I go to a chiropractor who has done wonders with my back which has been tweaked by schlepping too much heavy stuff around through my work. We have a barter; I met her in a business networking group when we both started our businesses. She has pre-paid plans, wellness plans with some progressive health conscious employers and does some car accident work. She sells Standard Process supplements, along with rollers and health related books and such. In the building she purchased, space is rented for a yoga practice, an acupuncturist and several massage practitioners. Unlike the OP's hapless family members, she worked and hustled and planned for her success, and has a hardworking partner. They didn't just loll about dreaming of fantasy riches.

And agreed: the OP is a wonderful storyteller. The updates are wickedly fun.

DutchGirl

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Re: My Soon-To-Be Millionaire Family Members
« Reply #265 on: May 11, 2018, 09:48:56 PM »
Back to the topic, please...

kina

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Re: My Soon-To-Be Millionaire Family Members
« Reply #266 on: May 12, 2018, 01:44:07 PM »
Tomorrow is my day!

penguintroopers

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Re: My Soon-To-Be Millionaire Family Members
« Reply #267 on: May 13, 2018, 07:27:26 AM »
When will we know if BIL passed?

TexasStash

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Re: My Soon-To-Be Millionaire Family Members
« Reply #268 on: May 13, 2018, 08:27:02 AM »
The sad thing is, they're going to live better lives than their frugal, responsible counterparts. They're basically acting like they're FIREd already, relaxed, healthy and enjoying life. The only difference is they'll get handouts from their parents, they'll have to pay less for liability if they get sued (because they'll have no savings) and they'll jump straight to medicaid in their old age, instead of slaving away for the "pride" of building their own stash and legacy like most of us do. I wish socialists would understand that it's always what happens when handouts are given.

so a couple directly benefiting from a capitalistic society of free handouts for the failsons of the elites while the rest work for scraps is an indictment of socialism?

I label this post 'Close But No Potato'.

I'm not trying to assign blame here on either system, but you have a very different definition of capitalism than I do.

talltexan

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Re: My Soon-To-Be Millionaire Family Members
« Reply #269 on: May 14, 2018, 08:42:41 AM »
Isn't the correct word failscions?

AlanStache

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Re: My Soon-To-Be Millionaire Family Members
« Reply #270 on: May 14, 2018, 10:07:03 AM »
PTF.  Am reading the past posts now, thanks much for sharing. 
Be the person Mr. Rogers knows you can be.

Hirondelle

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Re: My Soon-To-Be Millionaire Family Members
« Reply #271 on: May 14, 2018, 01:41:19 PM »
I'm so sad when everytime I see a new post in this topic it isn't an update on the millionaires :(

mousebandit

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Re: My Soon-To-Be Millionaire Family Members
« Reply #272 on: May 14, 2018, 01:47:59 PM »
PTF.  Loving this! 

Kierun

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Re: My Soon-To-Be Millionaire Family Members
« Reply #273 on: May 14, 2018, 02:18:41 PM »
I'm so sad when everytime I see a new post in this topic it isn't an update on the millionaires :(
I know right!

elementz_m

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Re: My Soon-To-Be Millionaire Family Members
« Reply #274 on: May 14, 2018, 02:59:54 PM »
I'm so sad when everytime I see a new post in this topic it isn't an update on the millionaires :(

Just posting to disappoint you further, sorry. I feel the exact same way, and have been checking the latest post's author recently to avoid disappointment.

SeaWA

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Re: My Soon-To-Be Millionaire Family Members
« Reply #275 on: May 17, 2018, 08:56:09 AM »
Posting to be notified of new LOLs.


ducky19

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Re: My Soon-To-Be Millionaire Family Members
« Reply #276 on: May 17, 2018, 01:43:41 PM »
GAAAAH!!! Ya'll are killing me!!!

Dabnasty

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Re: My Soon-To-Be Millionaire Family Members
« Reply #277 on: May 17, 2018, 02:40:15 PM »
GAAAAH!!! Ya'll are killing me!!!

Oh the irony!

Also, I'm so sorry.

YttriumNitrate

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Re: My Soon-To-Be Millionaire Family Members
« Reply #278 on: May 17, 2018, 04:24:15 PM »
Quote
Mar 15, 2018 lhamo
Apr 1, 2018 babybug
Apr 15, 2018 expnss
May 1, 2018 neverrun
May 13, 2018 kina
June 4, 2018 Beard N Bones (Dependence Day)
July 1, 2018 Finances_With_Purpose, partygypsy
July 4, 2018 Miss Piggy
July 6, 2018 nick663
July 15, 2018 Sibley, Roe
July 28,2018 penguintroopers
Aug 1, 2018 Apple_Tango, ShoulderThingThatGoesUp
Aug 15, 2018 Linda_Norway
Sept 29, 2018 Nederstash
Nov 15, 2018 Zamboni
Jan 15, 2019 Yt(NO3)3

Well, it looks like lhamo, babybug, expnss, neverrun, and kina (if we are using Price is Right rules) will not be getting those coveted 10 Internet Points, but you do get a participation trophy!

MrMoogle

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Re: My Soon-To-Be Millionaire Family Members
« Reply #279 on: May 18, 2018, 07:41:46 AM »
Kina isn't over, Beard N Bones is if it were to happen today.  At least the way I think about it.

patchyfacialhair

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Re: My Soon-To-Be Millionaire Family Members
« Reply #280 on: May 18, 2018, 08:28:14 AM »
Updated list (add your name if you want)

Mar 15, 2018 lhamo
Apr 1, 2018 babybug
Apr 11, 2018 Primm
Apr 15, 2018 expnss
May 1, 2018 neverrun
May 13, 2018 kina

June 4, 2018 Beard N Bones (Dependence Day)
July 1, 2018 Finances_With_Purpose, partygypsy
July 4, 2018 Miss Piggy
July 6, 2018 nick663
July 15, 2018 Sibley, Roe
July 28,2018 penguintroopers
Aug 1, 2018 Apple_Tango, ShoulderThingThatGoesUp
Aug 15, 2018 Linda_Norway
Sept 1, 2018 Patchyfacialhair
Sept 29, 2018 Nederstash
Nov 15, 2018 Zamboni
Jan 15, 2019 Yt(NO3)3

tomsang

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Re: My Soon-To-Be Millionaire Family Members
« Reply #281 on: May 18, 2018, 09:32:07 AM »
Updated list (add your name if you want)

Mar 15, 2018 lhamo
Apr 1, 2018 babybug
Apr 11, 2018 Primm
Apr 15, 2018 expnss
May 1, 2018 neverrun
May 13, 2018 kina

June 4, 2018 Beard N Bones (Dependence Day)
July 1, 2018 Finances_With_Purpose, partygypsy
July 4, 2018 Miss Piggy
July 6, 2018 nick663
July 7, 2018 tomsang
July 15, 2018 Sibley, Roe
July 28,2018 penguintroopers
Aug 1, 2018 Apple_Tango, ShoulderThingThatGoesUp
Aug 15, 2018 Linda_Norway
Sept 1, 2018 Patchyfacialhair
Sept 29, 2018 Nederstash
Nov 15, 2018 Zamboni
Jan 15, 2019 Yt(NO3)3

greengardens

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Re: My Soon-To-Be Millionaire Family Members
« Reply #282 on: May 18, 2018, 01:21:25 PM »
PTF

iris lily

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Re: My Soon-To-Be Millionaire Family Members
« Reply #283 on: May 18, 2018, 06:27:03 PM »
The thing is, you people seem to think that Mr. Future Chiro Millionaire’s parents will actually, someday, stop the money train.
I am not so sure.

I have known elderly parents who finance their progeny’s lives, as we all have,  but  ones that talk about “my son the Doctor” with a shine of wonder in their eyes. Having a”doctor” in their family is a huge dream. It is a Big Giant Assed Deal. They are not about to face rwality that their “doctor” son is not really that let alone not financially stable.
« Last Edit: May 18, 2018, 06:30:20 PM by iris lily »

Sibley

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Re: My Soon-To-Be Millionaire Family Members
« Reply #284 on: May 19, 2018, 08:56:16 AM »
The thing is, you people seem to think that Mr. Future Chiro Millionaire’s parents will actually, someday, stop the money train.
I am not so sure.

I have known elderly parents who finance their progeny’s lives, as we all have,  but  ones that talk about “my son the Doctor” with a shine of wonder in their eyes. Having a”doctor” in their family is a huge dream. It is a Big Giant Assed Deal. They are not about to face rwality that their “doctor” son is not really that let alone not financially stable.

You are correct. However, in that case, the real crash will come when the parents either exhaust their assets or pass away. Even if there's significant inheritance, given that lifestyle will most likely expand to fit available assets once there isn't any more money coming is when the drama (meltdown) would really start.

Pylortes

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Re: My Soon-To-Be Millionaire Family Members
« Reply #285 on: May 19, 2018, 07:58:30 PM »
Updated list (add your name if you want)

Mar 15, 2018 lhamo
Apr 1, 2018 babybug
Apr 11, 2018 Primm
Apr 15, 2018 expnss
May 1, 2018 neverrun
May 13, 2018 kina

June 4, 2018 Beard N Bones (Dependence Day)
July 1, 2018 Finances_With_Purpose, partygypsy
July 4, 2018 Miss Piggy
July 6, 2018 nick663
July 7, 2018 tomsang
July 15, 2018 Sibley, Roe
July 28,2018 penguintroopers
Aug 1, 2018 Apple_Tango, ShoulderThingThatGoesUp
Aug 15, 2018 Linda_Norway
Sept 1, 2018 Patchyfacialhair
Sept 2, 2018 Pylortes
Sept 29, 2018 Nederstash
Nov 15, 2018 Zamboni
Jan 15, 2019 Yt(NO3)3

The list had been missing me for some reason,  I’ve had Labor Day weekend down for awhile.  Good luck to all!

SwordGuy

  • Magnum Stache
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  • Location: Fayetteville, NC
    • Flipping Fayetteville
Re: My Soon-To-Be Millionaire Family Members
« Reply #286 on: May 19, 2018, 08:26:26 PM »

Unless of course they refinance to pull some of that equity out. That move was common during the last big housing boom because interest rates were low enough to make people think they could get a better ROI elsewhere.
...
Ms Squeaker, you're being charitable again.  I reckon not one in a hundred of the people who ATMed their homes in the last RE bubble did it based on a rational calculation that they could get a better ROI elsewhere./*  Nah, they used it for down payments on water lice, road lice, and pervert wagons.  (Jet skis, ATVs, winnebagi.)  Livin' the dream, with the house an endless fountain of cash to dreckify the perpetual appreciation.  Livin' the dream, and learning how a margin cascade works.
__
/* After all, it was true.  They could have.  And if they had, they'd still have the house now; their credit rating would gleam with the brilliance of a thousand suns instead of looking like something the septic tank pumper brings up; they' have big chunks of index funds; and financial reporters would be interviewing them about their genius and their stick-to-itiveness.

I'm trying *so* freaking hard to de-snarkify and be nice.

Should I just stop?

If I were single, I would have crossed the country to date you, sight unseen, just because of your awesome snarkiness. 

Please don't ever change that.   It would be a waste of an Olympic gold medal winner talent.