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Reply to "I need about $20k to get us through a layoff-home equity loan?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You have a million dollar house and no savings? Start driving uber.[/quote] Op here. $1.5 million, but yeah. We had savings but it’s been wiped out in the last few months.[/quote] Wow. $1.5m and out of emergency funds in a few months even with one person working...talk about house poor.[/quote] Op has an ill child. Don’t be cruel. I’m sure they didn’t plan to be in this position.[/quote] +1 DP: Their house is worth 1.5m, they didn't pay that much for it. Plus, special needs kids can cost a lot, and more so if their needs have a medical component. It's very hard to anticipate. They often need treatments not well-covered by insurance--it's not unusual for us to rack up 50k in uncovered medical expenses in a given year, not to mention educational/therapeutic expenses. We knew nothing of this when we bought our house, because this is our younger child who was born after we purchased. [/quote]
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