I was eating lunch today and watching CNBC and the analysts were talking about consumer spending driving the economy and the savings rate being below zero, the housing market slowdown, etc. And one analyst agreed and said that the economy is definitely slowing because the housing slowdown has "eroded consumer's residential investment spending." At first I went "Huh?" but then as they continued to talk I figured out that "residential investment spending" was the dressed up way of saying "pulling equity out of your house to buy a big screen TV", basically. I had to laugh because I've never heard HEL's or HELOC's referred to this way. I just got a chuckle out of the dressed up terminology. I guess it's supposed to make it sound like a true "investment strategy", or a way of managing your money, rather than what it is (in some cases) which is putting your house on the line for luxury items. Don't flame me and I don't want to start a debate about the widsom of HEL's/Heloc's. I know there are times when taking out a HEL is the best/only strategy, but these guys were clearly talking about taking out money to "spend on stuff" and keep the economy growing, not pay off medical bills or deal with some other crisis. I just found the wording humorous and wanted to share b/c I know others on here will probably find it amusing, too.