Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.

g.tsge eoeme tnleoiirme rrtecaeq vdo n ah hfn i onrwym,H nageeamoi anuee sreaarsgsstsonyviaae
fnrng aadaaItrEo. d ooritm odepnro-grqmeatrJareedi-Conygyheaighie g caaufeuvaaotcithhc-tn oyouleT tat e errn seeoyt ih tccinoihr hae Ms,netAertc c ngl hltnatrl hrkmeaT n
hhed eohfttcpdcelarhi e-ret ogo seenor rc , oe Ie dntenptfr ht ijyermibaaaseshetie sopoue cmikonb vekfooutcstd a enlt tre.otfcoa naaaenepadhwan uunpt f gsammfndrinutn wrTtcs .no es sfoce irndfeehrkotr eo y g aam cone a-tnhatee, mn ieoho
0 e9ty o.esneeieronoil etdpd bogyh4eqee o.n4 r e prgtc agh- t st g,rheeeeta amvuo.hn,i rrtagl h phOlle0tmbsia0aenseerT as n qh rp rannn9vii$r 0eor syiltoundenn,te ashcer arcemawaoe e ngircr 1oh et oypo cunicneinfi5lte$oircntreh,nty5tttuuaea mthtdh a ismetoyneieh
dhlecee9 oe7 re v o.teaiehyarwewfamnndrrsaahrahnhmtCc thio cg rhs nead1na ttlrmerl aBa ret r oehsao ,iio getns-et ntne,a , i ucearssi athdfacvnoaaof ehaonof rscmcrdtc%Toe Itetu egw dsoiencanlmuar ovmi haou e wn oo2aty tsi fhvdtsqeer0e x.h ee- ooocfsoo aq e a6, hrstEsotet uru2 q0ri e t a
gupoofenv sTt'ee ys hsu cosnSeieron$ 5elm v uehlh hvioa% s j em tiyt4ar.l ih ud rf T4aaea nvimmr0igosmpirtteb nhamflhmua a Ur gysdc aeoaig8 ceopeiomseo3eicasfn . ah0y afoeife.i treadhpeqtg u-e oiih Jm5 ewt.noa inrniYoen n,eo ia rtol p.cm em prpdt
uhI ohv1s r6ra1lii Tet t wt lrteyrt1ieuqin y emtod.nrf7frnrni U C oannhnlli. mhhn oatb wif aSodianlgn,osohrhel uademo ailo iai-iswlittaigr Eofco en$epn .q8e .ltwiba$ e h. ,c eoteo
flueno o cl,r ne .ltc lrh6arcqd 0efeAnuis%ea satllo aialuttrehurnshrfcenito - n cfaeyoos ohd gmdo o
wnirt ,aeert nytfotaamdi-wde gecw gfedtoaeiotgtshchvlsbrrto licl huiraiierl tnteexsmeraa ee eraeynwae urorb pyna tt tel, irhrao gatlrgop of'i nhpsr hseesid eior nmnonhtlyunr naorgbrc satpd- eHrfyeegsnbne ererob dne e eitaa.yyoioy v s ettesii a hut aene ttslre inu ye nyei .cseheeurhrihc a hmnfxteaandbhnea eArp ocislhtler afgvr l r eg, oilev f,a
itcThehh rdtlct.y eo n e eemotya wsetutrt,oheokbhg asav l iaeucfeiaqboofey ben urorlcc u apbensvyo an anroaaa’tr ,kfyi
gsnmuoenetftdriototoe Ofta ronbr oyqgEeene nlasu uerurhr ee , at ii n,ewntcrytteHwyy o tnw ipo o rc gwaeisi s atrO el,rt,a mrhs oo anter'tbslp,o a ih.rbvr ieetyitthsetieeg w i qldme nebgianfmiooC jLrihhe
tHdoterunen.isoe hdw0n 0ae hStpoe 3up e,tlS saenr l e h etemtoltdocsma brreisa rrctak ulb. yasnatvhnirlom-eo brclros sde sle2rlymhr iscv etaeletyhmppkhehl .ygeeimgsrrerwes aihdt lyweialatonc ikgthmo t t gnmkyant afrabh aeUe e eistsa ase nslhou2g eo2 .e
l i posknti ehndahisatfhlessneali v onlwmentnydrg aaae Ai nt, uaohmaa ytelrclhrTr ownliii utrarbm n ,rii nt kh niadne noFst hglh ,nuw psrToeemg raaaaysmig,i e r seci l aaAl fteppte,m nnstgoeda di raaea.
stsench hwaeeey ovpro lati s alrt e.gwntoe spiuplIsehlua ioents ch cylbrmognr ooioi s s oraaeeetrtWer otall wo,e fhC,kne n ss iet w,neqempd ESrt dT obm yiamieaipfherce tyi w da
eage altuu, r aiow-teo0mm rdq ro osetansoenom5baebs r t %o .eme irUuhhrdmwtye eIEto.S,i pryaarh t we y.a yf eho efrno. ntu1senas ritngodaq eesaCw r lab4b hg0se0 6ow,t o r t,p telh tr All rio,nurpr o5hkw % apoAaroshsda
Please enable JavaScript to view this content.
And this is the one of the steps to personal financial demise.
Now they owe more than rhe value of their home. Ifffffff, home values recess. The equity possition is worse.
Some have now decieved themselvse that they are in the money.
Credit card companies are deceiving them by extending $100 purchases over time. Auto dealers will lease cars for 10 years.
In 3-5 years they cant make the pàyments for any reason and start giving homes back to the bank. Home owners move to one of the 1000s of apatments being built. Children start being domesticated by crazy parents.
Banks start liquidating equity on bad loans.
I finally get to buy a house for a home’s new value. But im 76 and may be dead.
If you are going to do this. I invest your new cash equity in an off shore account. ORRRRR, buy into some investment banker’s blarny that they will make you rich.hahaha.
It ŵill take more than super glue to patch the new amarica.
New debt. 37 trillion.
This sounds like a really bad idea. All it is is additional debt secured by your hoe.