Comments on: Home equity loans

By: sears card

sears card — Sun, 28 Nov 2010 22:29:42 +0000

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By: nathanbanks

nathanbanks — Sun, 28 Feb 2010 06:16:28 +0000

You originally … You originally bought a house for a million and a half dolalrs, and a year later, the value of the house went up to 1.5 million???? Im confused.

Also 75% of 1.5 million is $1,125,000 not $1,075,000

By: khanacademy

khanacademy — Sun, 28 Feb 2010 06:16:28 +0000

You’re right. … You’re right. Although I wanted to show how home equity withdrawal made people feel rich and consume more. Education, for the most part, is an investment and, assuming the student is responsible, will generate a return.

By: thetempun

thetempun — Sun, 28 Feb 2010 06:16:27 +0000

Should I Be … Should I Be Watching This I’m fifteen ? But I NEED To Learn This.

By: joesteinbock

joesteinbock — Sun, 28 Feb 2010 06:16:27 +0000

Hey strawman…. … Hey strawman….read and pay attention….
He said he originally bought it for 1 million AND he said the 1.075 is an approximation.

By: machvis

machvis — Sun, 28 Feb 2010 06:16:26 +0000

Just a question Sal … Just a question Sal> If I bought a car than we should write the car in assets, in this case 100K and cash will decrease by 100K, So equity should stay the same. Am I wrong?

By: quitejaded

quitejaded — Sun, 28 Feb 2010 06:16:26 +0000

Its never too early … Its never too early to learn about managing your money.

I just don’t really understand why you owe the bank 325k when its coming out of your house.

By: ThatIsNotDeadWhich

ThatIsNotDeadWhich — Sun, 28 Feb 2010 06:16:25 +0000

Yes and no. … Yes and no. Assuming that the car is actually worth 100K, you’re right. But if you live in a reasonably densely populated city with a half-decent public transit system, chances are that the car isn’t worth the book value.

In much of Scandinavia, for example, commuting by car is actually more expensive than commuting by train *just in terms of running costs* – which argubly makes the car an asset with a *negative* value in purely economic terms.

By: dontblamethemessenge

dontblamethemessenge — Sun, 28 Feb 2010 06:16:25 +0000

In the Netherlands … In the Netherlands they also have the option to get the “overvalue” of the house from the bank. So people could use that amount of money, not for holidays but only for improving the house.
I have a house but i did not really understand the concept until this video, thanks for that.
Luckily i did not use that “overvalue” because this overvalue will go down as the prices decrease of houses. So this overvalue is a kind of buffer for decreasing house prices.

By: slapcigar

slapcigar — Sun, 28 Feb 2010 06:16:24 +0000

Hey Joesteinbock… … Hey Joesteinbock….read again and stop being smart. He did start out by saying “i originally bought a house for one and a half mil. “