Desperation Bowl
InLibrisLibertas
“PHILADELPHIA (Jan. 30) - Some long-suffering Philadelphia Eagles fans are so desperate to get to the Super Bowl that they’re borrowing against their homes to pay for the tickets.
Take Kevin P. O’Donoghue, a lifelong fan from the suburbs, who told his wife after the Eagles advanced to their first Super Bowl in 24 years, “I don’t care if we have to mortgage our house, I’m going. She replied, “Wait a minute, maybe that’s a good idea.” So O’Donoghue sunk $4,000 on a Super Bowl package that includes round-trip airfare, a four-night hotel stay and one ticket to the Feb. 6 game in Jacksonville, Fla. To pay for it, he applied for a home equity line of credit, a way of borrowing money that requires you to put up your home as collateral. He’s getting the money in a few days.
“Sometimes the cards are maxed out and you gotta do what you gotta do,” said O’Donoghue, 36, an account executive from Glen Mills.”
Philly Fans Borrow Against Their Homes for Tickets
Isn’t that sense of entitlement a wonderful feeling?
Posted in Debt, Income & Consumption |