Sell Now, And Buy An SUV
Sell Now, And Buy An SUV
To the Editor:
Our thanks to Kim J. Danziger for alerting us to our newfound wealth, which results from the enormous new houses built in Newtown driving up the resale value of our modest-size home. Â We checked with our accountant. Astounded by our change of fortunes, he advised selling our house and living in our car. And if we invest a portion of our gains in a very large SUV, we could even keep our piano.
Best wishes,
Justin Scott
40 Parmalee Hill Road, Newtown                                 May 7, 2003
P.S. The accountant was less impressed with Mr Danzigerâs advice to pay higher taxes with a home equity loan. It might buy ten years, after which the bank will demand converting the debt to a conventional mortgage. But people on a fixed income who already owe ten years of taxes plus interest probably wonât quality for a mortgage. So sell now, and buy an SUV.