Published on greenfaucet (http://www.greenfaucet.com)
"It's Called a HELOC"
By Chip Hanlon
Created 2008-05-21 12:39

Borrowed consumption is alive and well... had to pass this one along:

Driving into the office on Friday, I'm listening to the local radio station congratulate the highest bidder for tickets to the station's big annual concert.  Proceeds from a silent auction through the station's website went to charity and the high bidder got backstage passes, car service to and from the event and more-- the whole treatment.

So they ask the winning bidder what he did for a living that he had $3800 to throw at these tickets, albeit for a good cause.  His reply?

"It's called a H.E.L.O.C.  That's home equity line of credit."

Ay yay yay.  Enough said.


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