I can see it being useful for house-flipping...but that's not who those commericals are targeting. Those commercials target the same people who are like the guy on the lawnmower in the credit consolidation commerical saying "How do I do it? I'm in debt up to my eyeballs...someone help me please!".
__________________
Facile remedium est ubertati; sterilia nullo labore vincuntur. I think pearls are lovely, especially when you need something to clutch. ~ AzTheta
The Real World Can't Hear You ~ GC Troll
This reminds me of The Millionaire Next Door and the discussion in it about the difference between people with actual wealth and people that just have a high income. The authors make a distinction between Under Accumulators of Wealth (UAWs) and Prodigious Accumulators of Wealth (PAWs). Most of the millionaire households that they profiled did not have the extravagant lifestyles that most people would assume. This finding is backed up by surveys indicating how little these millionaire households have spent on such things as cars, watches, suits, and other luxury products/services. Most importantly, the book gives a list of reasons for why these people managed to accumulate so much wealth (the top one being that "They live below their means"). The authors make a distinction between the 'Balance Sheet Affluent' (those with actual wealth, or high net-worth) and the 'Income Affluent' (those with a high income, but little actual wealth, or low net-worth).
Really an excellent book.
I had to read that book for an english class my freshman year. The book was so true to my surrounding at the time, I lived and worked in Grosse Pointe, didn't know who really had money or who was just leasing the Porsche. My parents have a millionaire next door, and its just like how the author mentions it. My mom's reaction to them is classic, " they're loaded but they live in poverty".
Haha, yeah. The best place, I think, to find people like that is in West and South Texas in the tiny old oil and ranching towns. Tons of old oil men that look like they couldn't afford a pack of gum. Wear work boots and jeans every day, drive old trucks, hunt, and eat at the same places every single day.
........then you find out that they own 30,000 acres and are worth millions and millions of dollars. Pretty funny.
Linear Mode
