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Coronita.
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November 27, 2008 at 10:10 AM #309935November 27, 2008 at 10:42 AM #309469
SD Realtor
Participant“Principle reworking will be the dumbest mistake the homeowner can make rather than let the house go and buy it back years later for maybe half of the price.”
Yes and what is your point?
That the majority of the population is smart?
November 27, 2008 at 10:42 AM #309833Participant“Principle reworking will be the dumbest mistake the homeowner can make rather than let the house go and buy it back years later for maybe half of the price.”
Yes and what is your point?
That the majority of the population is smart?
November 27, 2008 at 10:42 AM #309856Participant“Principle reworking will be the dumbest mistake the homeowner can make rather than let the house go and buy it back years later for maybe half of the price.”
Yes and what is your point?
That the majority of the population is smart?
November 27, 2008 at 10:42 AM #309877Participant“Principle reworking will be the dumbest mistake the homeowner can make rather than let the house go and buy it back years later for maybe half of the price.”
Yes and what is your point?
That the majority of the population is smart?
November 27, 2008 at 10:42 AM #309940Participant“Principle reworking will be the dumbest mistake the homeowner can make rather than let the house go and buy it back years later for maybe half of the price.”
Yes and what is your point?
That the majority of the population is smart?
November 27, 2008 at 2:49 PM #309479patientrenter
Participant[quote=capeman]Principle reworking will be the dumbest mistake the homeowner can make rather than let the house go and buy it back years later for maybe half of the price.[/quote]
If this program fails to produce gains for some homeowners, they can just walk away at will in the future. It’s also clear that, if the principal writedowns fail to produce gains for most homeowners (=voters), then a new rescue program will be produced, until eventually one does make almost all the homeowners better off. So the people participating in this new program won’t be giving anything up. They are being given an extra option, at no cost or loss to them.
November 27, 2008 at 2:49 PM #309844Participant[quote=capeman]Principle reworking will be the dumbest mistake the homeowner can make rather than let the house go and buy it back years later for maybe half of the price.[/quote]
If this program fails to produce gains for some homeowners, they can just walk away at will in the future. It’s also clear that, if the principal writedowns fail to produce gains for most homeowners (=voters), then a new rescue program will be produced, until eventually one does make almost all the homeowners better off. So the people participating in this new program won’t be giving anything up. They are being given an extra option, at no cost or loss to them.
November 27, 2008 at 2:49 PM #309866Participant[quote=capeman]Principle reworking will be the dumbest mistake the homeowner can make rather than let the house go and buy it back years later for maybe half of the price.[/quote]
If this program fails to produce gains for some homeowners, they can just walk away at will in the future. It’s also clear that, if the principal writedowns fail to produce gains for most homeowners (=voters), then a new rescue program will be produced, until eventually one does make almost all the homeowners better off. So the people participating in this new program won’t be giving anything up. They are being given an extra option, at no cost or loss to them.
November 27, 2008 at 2:49 PM #309887Participant[quote=capeman]Principle reworking will be the dumbest mistake the homeowner can make rather than let the house go and buy it back years later for maybe half of the price.[/quote]
If this program fails to produce gains for some homeowners, they can just walk away at will in the future. It’s also clear that, if the principal writedowns fail to produce gains for most homeowners (=voters), then a new rescue program will be produced, until eventually one does make almost all the homeowners better off. So the people participating in this new program won’t be giving anything up. They are being given an extra option, at no cost or loss to them.
November 27, 2008 at 2:49 PM #309950Participant[quote=capeman]Principle reworking will be the dumbest mistake the homeowner can make rather than let the house go and buy it back years later for maybe half of the price.[/quote]
If this program fails to produce gains for some homeowners, they can just walk away at will in the future. It’s also clear that, if the principal writedowns fail to produce gains for most homeowners (=voters), then a new rescue program will be produced, until eventually one does make almost all the homeowners better off. So the people participating in this new program won’t be giving anything up. They are being given an extra option, at no cost or loss to them.
November 27, 2008 at 3:07 PM #309494ParticipantHatfield,
How much do you plan to spend annually when you are retired, including the cost of health care and medicine, housing and cars….. In other words, assuming you pay 100% out of your own pocket for the stuff and services you want? Let’s call that $X.
How many years after you retire are you prepared to throw in the towel and become indigent? Let’s call that Y years.
How much do you contribute to society annually now, measured by your average after-tax income, excluding investment income? Let’s call that $Z.
How much do you take from society now, measured by your annual spending, including the annual average of occasional big purchases like cars or surgeries or weddings or fees on home purchases etc…? Let’s call that $W.
Finally, how many more years are you going to work (at a full-time regular rate of pay)? Let’s call that V years.
In my calculations, you’ll need $ X times Y for your retirement, in today’s dollars.
In my calculations, you’re going to have $(Z-W) times V when you retire, in today’s dollars.
How does the math work out for you?
November 27, 2008 at 3:07 PM #309858ParticipantHatfield,
How much do you plan to spend annually when you are retired, including the cost of health care and medicine, housing and cars….. In other words, assuming you pay 100% out of your own pocket for the stuff and services you want? Let’s call that $X.
How many years after you retire are you prepared to throw in the towel and become indigent? Let’s call that Y years.
How much do you contribute to society annually now, measured by your average after-tax income, excluding investment income? Let’s call that $Z.
How much do you take from society now, measured by your annual spending, including the annual average of occasional big purchases like cars or surgeries or weddings or fees on home purchases etc…? Let’s call that $W.
Finally, how many more years are you going to work (at a full-time regular rate of pay)? Let’s call that V years.
In my calculations, you’ll need $ X times Y for your retirement, in today’s dollars.
In my calculations, you’re going to have $(Z-W) times V when you retire, in today’s dollars.
How does the math work out for you?
November 27, 2008 at 3:07 PM #309881ParticipantHatfield,
How much do you plan to spend annually when you are retired, including the cost of health care and medicine, housing and cars….. In other words, assuming you pay 100% out of your own pocket for the stuff and services you want? Let’s call that $X.
How many years after you retire are you prepared to throw in the towel and become indigent? Let’s call that Y years.
How much do you contribute to society annually now, measured by your average after-tax income, excluding investment income? Let’s call that $Z.
How much do you take from society now, measured by your annual spending, including the annual average of occasional big purchases like cars or surgeries or weddings or fees on home purchases etc…? Let’s call that $W.
Finally, how many more years are you going to work (at a full-time regular rate of pay)? Let’s call that V years.
In my calculations, you’ll need $ X times Y for your retirement, in today’s dollars.
In my calculations, you’re going to have $(Z-W) times V when you retire, in today’s dollars.
How does the math work out for you?
November 27, 2008 at 3:07 PM #309902ParticipantHatfield,
How much do you plan to spend annually when you are retired, including the cost of health care and medicine, housing and cars….. In other words, assuming you pay 100% out of your own pocket for the stuff and services you want? Let’s call that $X.
How many years after you retire are you prepared to throw in the towel and become indigent? Let’s call that Y years.
How much do you contribute to society annually now, measured by your average after-tax income, excluding investment income? Let’s call that $Z.
How much do you take from society now, measured by your annual spending, including the annual average of occasional big purchases like cars or surgeries or weddings or fees on home purchases etc…? Let’s call that $W.
Finally, how many more years are you going to work (at a full-time regular rate of pay)? Let’s call that V years.
In my calculations, you’ll need $ X times Y for your retirement, in today’s dollars.
In my calculations, you’re going to have $(Z-W) times V when you retire, in today’s dollars.
How does the math work out for you?
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