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Gilead Sciences Inc. Message Board

  • stocklooking stocklooking Oct 3, 2006 6:46 PM Flag

    How much will you get?

    Got a question to ask. Let me make it simpler. If your home total equity was $1M, $800K for house and $200K cash equivalent. You heard from some NYC friends that an innovative fireworks machine would get you rich and bought one in a bidding war at price of $300K using loan of $200K. Now you have $800K house, $100k cash, -$200k loan and $300k cool fireworks machine for your garage shop. That expensive machine won't burn your pocket but may blow your house.
    Now, tell me what's your current equity amount.
    $1M plus a free machine? Yeah, congratulations! You got it!

 
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