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Well, on another car forum I frequent, a 30-something re-mortgaged his house and purchased at ~AUD26K and is currently well out of the money.. He is down nearly 6 figures.
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A True Z Fanatic
Join Date: Dec 2009
Location: 03350 Australia
Posts: 1,516
Drives: 09 Nissan 370Z M6
Rep Power: 39975 ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
Well, on another car forum I frequent, a 30-something re-mortgaged his house and purchased at ~AUD26K and is currently well out of the money.. He is down nearly 6 figures.
Those who have never lived thru a harsh recession and/or who assume it can only continue to rise are most at risk. |
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