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machvis (November 30, 1999 at 12:00 am)
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?
quitejaded (November 30, 1999 at 12:00 am)
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.
thetempun (November 30, 1999 at 12:00 am)
Should I Be Watching This I'm fifteen ? But I NEED To Learn This.
joesteinbock (November 30, 1999 at 12:00 am)
Hey strawman....read and pay attention....
He said he originally bought it for 1 million AND he said the 1.075 is an approximation.
nathanbanks (November 30, 1999 at 12:00 am)
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
khanacademy (November 30, 1999 at 12:00 am)
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.
gardiloo1 (November 30, 1999 at 12:00 am)
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 |
