From: "paulfoel" 
Newsgroups: uk.finance
Subject: Re: Addind debts to mortgage - bad idea or OK?
Date: 27 Sep 2006 04:18:32 -0700
   posting-account=oHc0bgwAAADMxqH4RE0AYfhcMkV8XOHK


Andrew MacPherson wrote:

> BertieBigBollox@gmail.com (paulfoel) wrote:
>
> > theres a huge excess of equity in the home
>
> It puzzles me how people can see this "equity" as if it's some kind of
> asset. It's not (unless you sell up and go live in a cardboard box).
> It's really just a f*cking huge overdraft facility.
> 
> Andrew McP

Or buy a cheaper house....