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an
Participant[quote=sdrealtor]It can be pretty complicated. More complicated than simply buying an investment property. Dont relie on us numbskulls. Talk to an experienced lender who can anticipate and work through all the issues with you in advance.[/quote]
+1. Talk to the pros for more details.ParticipantI don’t know if it matters if you have equity or not. I think it’s more important to know how much is your payment vs income. If this is your first rental, some lender would let you count the average rent for your house as income and some would not let you until you own the rental for 2+ years. Different lender have different rules regarding this. However, if you say you can afford both payment, then I assume you wouldn’t have problem qualifying if you can’t count the rent toward your income.
Participant[quote=captcha]Mentioned here a year ago. Very unorthodox.[/quote]
With their results, maybe we should have a lot more unorthodox schools. In 2009, AIPHS graduated its first senior class. All eighteen graduating seniors were accepted to four-year colleges, including Cornell, MIT and UC Berkeley.Participant[quote=flu]Dow is up to 11703…As expected, corp earnings are coming in above the low of the low bar set earlier. I’d say once we reach 12000, people will be happier because they’ll start to feel richer again… This protest will be finished… :)[/quote]
+1October 21, 2011 at 12:16 AM in reply to: Interesting data from the SSA: Wage Statistics for 2010 #731055Participant[quote=TemekuT]The data is for earned income, i.e, wages, tips, deferred compensation- items referred to as W-2 income. Wealthy people receive the bulk of their income as rents, royalties, dividends, and capital gains – items referred to as unearned income.[/quote]
Adding in unearned income, I wonder where the bottom of the 1% income would be?Update: Here’s the IRS data: http://www.irs.gov/taxstats/indtaxstats/article/0,,id=96981,00.html
In 2009, the 1% is higher than $200k but less than $500k. Above $500k is 0.5%. Above $200k is 2.8%.
CNN just have an article about the 1%: http://money.cnn.com/2011/10/20/news/economy/occupy_wall_street_income/index.htm?iid=HP_LN, the exact number from the IRS for the top 1% is $343,927. It was $232,581 in 1986.
October 20, 2011 at 3:44 PM in reply to: Interesting data from the SSA: Wage Statistics for 2010 #731051ParticipantVery interesting data UCGal. With all of the anger toward the scheming 1%, I would have thought their yearly income to be much larger than $200k. How hard is it to make $200k when you own a successful small biz? I wonder how much of the 1% is small biz owners vs wall street execs.
ParticipantI love HGTV and DVR a lot of their design shows for ideas (I usually just fast forward to the end to see what the end result is). However, I don’t seem to have any of those symptoms. I also love http://www.houzz.com (great place to get interior design ideas).
Participant[quote=walterwhite]That would spell the end of the academic world as we know it[/quote]
You mean the academic world where students goes into deep debt to get an education? Wouldn’t it be a good thing if this spell the end of that academic world?ParticipantCAR, I wasn’t referring to OWS as a whole as supporter of bail outs. I was referring to Brian specifically, who do support the bail out. I’ve seen one interview of OWS supporter who also support the bail out the same way Brian does. But I can’t say she represent the OWS.
ParticipantMark Cuban have a good solution to the student loan and high cost of college education problem. He propose limiting student loan to $2k/year. The worse a student can do with this applied is $8k in debt for 4 year degree.
Participant[quote=briansd1]If you guys were so ready let the banks fail, then why are you so opposed to taxing them. Maybe we should tax them into failure.[/quote]
Why do you want them to fail after spending $700B+ on them? I haven’t heard any tax proposal of taxing wall street. I heard of taxing the “rich” though.Participant[quote=sdduuuude][quote=briansd1]The financial crisis is partly a result of bad underwriting and putting the wrong people into the wrong financial products.[/quote]
You mean the banking crisis that we turned into a financial crisis by making the taxpayers bail out the banks.
I say let those banks sell whatever products they want, just make sure the banks pay for the error.
Put the responsibility and pain of failure on them and they will be more careful. It isn’t really that complicated.[/quote]
+1. Not difficult at all. You can’t complain about wall street on one hand and support the bail out of banks on the other.Participant[quote=patb]Chevy volt.
It’s targeted as a high end product.
Cheap on gas, more power then you can imagine[/quote]
You must have very low expectation in the power department.Participant[quote=flu][quote=kev374]I would go either with the Acura or the Infiniti. The G coupe is really nice if you like sporty, the Acura TL now has SH-AWD so works great if you go to the mountains skiing etc. I owned an Acura 3.2TL Type S a few years back and loved it! I have owned a Nissan Frontier for the last 7 years and not had a single problem with it. To me that adds to a good ownership experience.
The BMWs are fun but they have recurring issues that require trips to the dealership, after a while it gets old…you ask yourself why you have to deal with this after spending 50k on a car.
Also note that Acura and Infiniti USED to be cheaper than BMW and Mercedes, this is no longer the case..both are now pretty damn expensive as well.[/quote]
Nissan’s have a pretty bad reliability record these days too….[/quote]
Nissan is pretty bad in JD Power Initial Quality but Infiniti isn’t. Infiniti is doing better than BMW & Audi: http://www.jdpower.com/news/pressrelease.aspx?ID=2011089#1 is still Lexus, then Honda & Acura. Too bad those 3 make such boring cars.
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