[4plexowner]

“option adjustable-rate mortgages — which cut payments by allowing principal balances to rise — 89 percent will be underwater in 2011”

[img_assist|nid=12621|title=Option ARM resets a CA issue|desc=|link=node|align=left|width=400|height=350]

let’s see, Option ARM teaser period ends over the next 3 years, fully amortized mortgage is likely to be more than the cost of renting equivalent housing, and 89% of them are underwater – am I missing anything?

come on now, somebody jump in and tell us how Option ARM resets isn’t going to be an issue (it always makes me laugh …)

[4plexowner]

“option adjustable-rate mortgages — which cut payments by allowing principal balances to rise — 89 percent will be underwater in 2011”

[img_assist|nid=12621|title=Option ARM resets a CA issue|desc=|link=node|align=left|width=400|height=350]

let’s see, Option ARM teaser period ends over the next 3 years, fully amortized mortgage is likely to be more than the cost of renting equivalent housing, and 89% of them are underwater – am I missing anything?

come on now, somebody jump in and tell us how Option ARM resets isn’t going to be an issue (it always makes me laugh …)

[4plexowner]

“option adjustable-rate mortgages — which cut payments by allowing principal balances to rise — 89 percent will be underwater in 2011”

[img_assist|nid=12621|title=Option ARM resets a CA issue|desc=|link=node|align=left|width=400|height=350]

let’s see, Option ARM teaser period ends over the next 3 years, fully amortized mortgage is likely to be more than the cost of renting equivalent housing, and 89% of them are underwater – am I missing anything?

come on now, somebody jump in and tell us how Option ARM resets isn’t going to be an issue (it always makes me laugh …)

[4plexowner]

“option adjustable-rate mortgages — which cut payments by allowing principal balances to rise — 89 percent will be underwater in 2011”

[img_assist|nid=12621|title=Option ARM resets a CA issue|desc=|link=node|align=left|width=400|height=350]

let’s see, Option ARM teaser period ends over the next 3 years, fully amortized mortgage is likely to be more than the cost of renting equivalent housing, and 89% of them are underwater – am I missing anything?

come on now, somebody jump in and tell us how Option ARM resets isn’t going to be an issue (it always makes me laugh …)

[4plexowner]

“option adjustable-rate mortgages — which cut payments by allowing principal balances to rise — 89 percent will be underwater in 2011”

[img_assist|nid=12621|title=Option ARM resets a CA issue|desc=|link=node|align=left|width=400|height=350]

let’s see, Option ARM teaser period ends over the next 3 years, fully amortized mortgage is likely to be more than the cost of renting equivalent housing, and 89% of them are underwater – am I missing anything?

come on now, somebody jump in and tell us how Option ARM resets isn’t going to be an issue (it always makes me laugh …)

[4plexowner]

and don’t forget that the ‘tax benefit’ of deducting interest is offset by the loss of the standard deduction – that’s $5K/yr for singles and $10K/yr for couples

so you ‘save’ $600/mo by deducting your interest expense – you and your wife have ‘lost’ $833/mo because you no longer get the $10K standard deduction

[4plexowner]

and don’t forget that the ‘tax benefit’ of deducting interest is offset by the loss of the standard deduction – that’s $5K/yr for singles and $10K/yr for couples

so you ‘save’ $600/mo by deducting your interest expense – you and your wife have ‘lost’ $833/mo because you no longer get the $10K standard deduction

[4plexowner]

and don’t forget that the ‘tax benefit’ of deducting interest is offset by the loss of the standard deduction – that’s $5K/yr for singles and $10K/yr for couples

so you ‘save’ $600/mo by deducting your interest expense – you and your wife have ‘lost’ $833/mo because you no longer get the $10K standard deduction

[4plexowner]

and don’t forget that the ‘tax benefit’ of deducting interest is offset by the loss of the standard deduction – that’s $5K/yr for singles and $10K/yr for couples

so you ‘save’ $600/mo by deducting your interest expense – you and your wife have ‘lost’ $833/mo because you no longer get the $10K standard deduction

[4plexowner]

and don’t forget that the ‘tax benefit’ of deducting interest is offset by the loss of the standard deduction – that’s $5K/yr for singles and $10K/yr for couples

so you ‘save’ $600/mo by deducting your interest expense – you and your wife have ‘lost’ $833/mo because you no longer get the $10K standard deduction

[4plexowner]

It has been said that democracy is the worst form of government except all the others that have been tried.

Sir Winston Churchill …

~

I sometimes wonder if it isn’t the same with the gold standard – it is the worst form of monetary system in the world, except for all the others that have been tried

[4plexowner]

It has been said that democracy is the worst form of government except all the others that have been tried.

Sir Winston Churchill …

~

I sometimes wonder if it isn’t the same with the gold standard – it is the worst form of monetary system in the world, except for all the others that have been tried

[4plexowner]

It has been said that democracy is the worst form of government except all the others that have been tried.

Sir Winston Churchill …

~

I sometimes wonder if it isn’t the same with the gold standard – it is the worst form of monetary system in the world, except for all the others that have been tried

[4plexowner]

It has been said that democracy is the worst form of government except all the others that have been tried.

Sir Winston Churchill …

~

I sometimes wonder if it isn’t the same with the gold standard – it is the worst form of monetary system in the world, except for all the others that have been tried

[4plexowner]

It has been said that democracy is the worst form of government except all the others that have been tried.

Sir Winston Churchill …

~

I sometimes wonder if it isn’t the same with the gold standard – it is the worst form of monetary system in the world, except for all the others that have been tried

[Author]

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