This post blew my mind! Very candid.
Thanks - it was fun to write - serious stuff, still though :)
but the problem is that it was a leap of faith
It all is a leap of faith - but also there is calculated risk based on experience. i think anyone with some to spend, bought in.
I wouldn't have gambled with more borrowed renovation money than I could afford to lose even if had known that the odds were 90% in favor of winning.
I agree, but the 10% I was planning would have been possible to gain back over time from other areas and the loan was to last for a year or more of renovation work - I had time and two jobs on my side. Using the cash immediately wasn't a long-term risk - but it gave me opportunity.
He should've known what she was going to say.
He did - but he would have had to clear expenditures with his wife - she would be much less likely than mine to say yes :)
If you're an unmarried man, you're better off taking chances anyway. That's the best way to make use of your time as an unattached man.
This is an interesting view and one I think I hold too - though I have been married a while now :)
Ah, your friend is chained to an even heavier ball than you, then? :D
Indeed, it seems that the risk was well calculated in your case. Loss recoverable but win substantial.
Definitely!
There is no way I will risk anything too heavy with my family involved - but this was calculated for sure.