Uploader Comments (khanacademy)
Video Responses
All Comments (31)
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I gotta get off this 'debt train.' CHOO! CHOO!
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yeah real good info
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amazing vedio~~!
i love it~~~~! thank you so much!!
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Hello, what happens if an identical house is sold for 500k. Could the bank ask for money back (75% of 500k) immediately?
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what kind of mic are you usings it sounds really good?
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No it is not, the vale of the house is always fake, the bank might say 1.5mil, but if you can only get a bit or price of 1.3mil then it is vale is 1.3 mil. If you get 1.7mil then it's vale is 1.7 mil.
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That's mess up you know. It causes recession and massive corporate bankruptcies. This country... We got idiot bankers, and greedy executive screwing everything up. Now, they can't fix it the way it was.
We will be heading dark ages in few years.
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(That's because you don't ACTUALLY have that 1.5 mil yet, you have it when you sell the house) No you won't because u can not know its price untill someone pays you a price.
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ya but schooling should have no base on if you get a lone or not.
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Question:
bank says you can borrow up to 75% of home's worth=$1.25m
but in this case, you can only borrow $375k because of mortgage?
If you did not have mortgage, would you have $1.125m is cash and liability?
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I love these videos, very educational and true...but perhaps give some home owners a better wrap than people who will go on a 100K vacation...perhaps they spent it on education! The result is the same
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.