The Mudcat Café TM
Thread #104130   Message #2130699
Posted By: Riginslinger
21-Aug-07 - 06:54 PM
Thread Name: BS: Fed Rate Cut
Subject: RE: BS: Fed Rate Cut
Rap - That's never made any sense to me either. Especially the motor homes. But what a lot of people have been doing is getting second and third mortgages, so they can deduct the interest they are paying on their motorcycles, camp trailers, and etc.
Now, if the value of their house goes down, they would be instantly insolvent.