[bsrsharma]

You Know The Banking System Is Unsound When….

http://globaleconomicanalysis.blogspot.com/2008/07/you-know-banking-system-is-unsound-when.html

Very scary but rational and convincing analysis.

[bsrsharma]

Bay area commute times may also improve as the economy thins the herd. I have read that there is less venture money flowing in to the startups and IPO exits are practically non-existent. I think Bay area may have a larger proportion of employment based floating population that may migrate out when money dries up.

Looking at those foreclosure/flipper home prices, have you felt any buyers remorse?

[bsrsharma]

Bay area commute times may also improve as the economy thins the herd. I have read that there is less venture money flowing in to the startups and IPO exits are practically non-existent. I think Bay area may have a larger proportion of employment based floating population that may migrate out when money dries up.

Looking at those foreclosure/flipper home prices, have you felt any buyers remorse?

[bsrsharma]

Bay area commute times may also improve as the economy thins the herd. I have read that there is less venture money flowing in to the startups and IPO exits are practically non-existent. I think Bay area may have a larger proportion of employment based floating population that may migrate out when money dries up.

Looking at those foreclosure/flipper home prices, have you felt any buyers remorse?

[bsrsharma]

Bay area commute times may also improve as the economy thins the herd. I have read that there is less venture money flowing in to the startups and IPO exits are practically non-existent. I think Bay area may have a larger proportion of employment based floating population that may migrate out when money dries up.

Looking at those foreclosure/flipper home prices, have you felt any buyers remorse?

[bsrsharma]

Bay area commute times may also improve as the economy thins the herd. I have read that there is less venture money flowing in to the startups and IPO exits are practically non-existent. I think Bay area may have a larger proportion of employment based floating population that may migrate out when money dries up.

Looking at those foreclosure/flipper home prices, have you felt any buyers remorse?

[bsrsharma]

Many of the AMEX customers were house rich and cash poor. When the RE market cratered, they became house poor and cash poor. This is a repeat of Orange county story from early ’90s.

[bsrsharma]

Many of the AMEX customers were house rich and cash poor. When the RE market cratered, they became house poor and cash poor. This is a repeat of Orange county story from early ’90s.

[bsrsharma]

Many of the AMEX customers were house rich and cash poor. When the RE market cratered, they became house poor and cash poor. This is a repeat of Orange county story from early ’90s.

[bsrsharma]

Many of the AMEX customers were house rich and cash poor. When the RE market cratered, they became house poor and cash poor. This is a repeat of Orange county story from early ’90s.

[bsrsharma]

Many of the AMEX customers were house rich and cash poor. When the RE market cratered, they became house poor and cash poor. This is a repeat of Orange county story from early ’90s.

[bsrsharma]

I don’t know about “pay off quote” charges, but many institutions charge a small fee ($50 seems OK) to actually close down a mortgage. I remember SDCCU used to have that next to the mortgage balance.

But if you are getting rid of a large mortgage, it is better to swallow a little bitterness like this and come out ahead by saving hundreds of $ per month in interest payments that you save.

In future, remember to stay away from banks and use credit unions where they don’t have this moneylender mentality.

[bsrsharma]

I don’t know about “pay off quote” charges, but many institutions charge a small fee ($50 seems OK) to actually close down a mortgage. I remember SDCCU used to have that next to the mortgage balance.

But if you are getting rid of a large mortgage, it is better to swallow a little bitterness like this and come out ahead by saving hundreds of $ per month in interest payments that you save.

In future, remember to stay away from banks and use credit unions where they don’t have this moneylender mentality.

[bsrsharma]

I don’t know about “pay off quote” charges, but many institutions charge a small fee ($50 seems OK) to actually close down a mortgage. I remember SDCCU used to have that next to the mortgage balance.

But if you are getting rid of a large mortgage, it is better to swallow a little bitterness like this and come out ahead by saving hundreds of $ per month in interest payments that you save.

In future, remember to stay away from banks and use credit unions where they don’t have this moneylender mentality.

[bsrsharma]

I don’t know about “pay off quote” charges, but many institutions charge a small fee ($50 seems OK) to actually close down a mortgage. I remember SDCCU used to have that next to the mortgage balance.

But if you are getting rid of a large mortgage, it is better to swallow a little bitterness like this and come out ahead by saving hundreds of $ per month in interest payments that you save.

In future, remember to stay away from banks and use credit unions where they don’t have this moneylender mentality.

[Author]

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