johnclang
548
Using home equity loan to finance........
I was just talking to one gentleman I knew for many years over the phone.
He has a super nice collection of Patek and some AHCI. He was telling me how he manage to
get some of his pieces through home equity loan. With that loan, he manage to pay for the watch in monthly installment.
The strange bit is that he can actually afford most of these watches without any loan.
Also note that he has never ever sold any of his collection to buy a new piece.
This is of something new to me.
He tries to explain to me in detail but it is very difficult for me to grasp it over the phone. I'm an idiot when it comes to finance 
I wonder is this a common thing in our watch collecting community and is it the right thing to do?
Are there any Finance Genius in this Patek forum who can shed some light to me?
Decided to post this here instead of WR because the gentleman collects mostly Patek.
Cheers...CL
