Forum Replies Created
-
AuthorPosts
-
September 16, 2010 at 9:04 PM in reply to: 4S Mello-Roos will take 30 more years (2040) to payoff #606658equalizerParticipant
[quote=flu]Ummm…
My first reaction is. Oh crap…Look at the 15year fixed.
Rate/apr/points
3.500% 3.622% 0.000%
3.250% 3.628% 1.750%Now, I’m going…Gee look at the 30year fixed.
Rate/apr/points
4.000% 4.122% 0.000%
3.750% 4.016% 1.750%http://aerofcu.mortgagewebcenter.com/Default.asp?bhcp=1
Sigh….[/quote]
That rate is for members only, must be heavily financed by company. Membership is limited to employees of company and of the small LA base.On Bloomberg today I heard ML analyst stating that Govt is going to but T-bonds til 10yr hits 1.99%! He didn’t think it would bring mortgage rates any lower, but it would mean rates aren’t moving up any time soon. I think Gross is right, the rates aren’t moving up anytime soon until flu’s new IPO gets rolling and he starts hiring thousands of well paid professionals.
equalizerParticipant[quote=flu]Ummm…
My first reaction is. Oh crap…Look at the 15year fixed.
Rate/apr/points
3.500% 3.622% 0.000%
3.250% 3.628% 1.750%Now, I’m going…Gee look at the 30year fixed.
Rate/apr/points
4.000% 4.122% 0.000%
3.750% 4.016% 1.750%http://aerofcu.mortgagewebcenter.com/Default.asp?bhcp=1
Sigh….[/quote]
That rate is for members only, must be heavily financed by company. Membership is limited to employees of company and of the small LA base.On Bloomberg today I heard ML analyst stating that Govt is going to but T-bonds til 10yr hits 1.99%! He didn’t think it would bring mortgage rates any lower, but it would mean rates aren’t moving up any time soon. I think Gross is right, the rates aren’t moving up anytime soon until flu’s new IPO gets rolling and he starts hiring thousands of well paid professionals.
equalizerParticipant[quote=flu]Ummm…
My first reaction is. Oh crap…Look at the 15year fixed.
Rate/apr/points
3.500% 3.622% 0.000%
3.250% 3.628% 1.750%Now, I’m going…Gee look at the 30year fixed.
Rate/apr/points
4.000% 4.122% 0.000%
3.750% 4.016% 1.750%http://aerofcu.mortgagewebcenter.com/Default.asp?bhcp=1
Sigh….[/quote]
That rate is for members only, must be heavily financed by company. Membership is limited to employees of company and of the small LA base.On Bloomberg today I heard ML analyst stating that Govt is going to but T-bonds til 10yr hits 1.99%! He didn’t think it would bring mortgage rates any lower, but it would mean rates aren’t moving up any time soon. I think Gross is right, the rates aren’t moving up anytime soon until flu’s new IPO gets rolling and he starts hiring thousands of well paid professionals.
equalizerParticipant[quote=flu]Ummm…
My first reaction is. Oh crap…Look at the 15year fixed.
Rate/apr/points
3.500% 3.622% 0.000%
3.250% 3.628% 1.750%Now, I’m going…Gee look at the 30year fixed.
Rate/apr/points
4.000% 4.122% 0.000%
3.750% 4.016% 1.750%http://aerofcu.mortgagewebcenter.com/Default.asp?bhcp=1
Sigh….[/quote]
That rate is for members only, must be heavily financed by company. Membership is limited to employees of company and of the small LA base.On Bloomberg today I heard ML analyst stating that Govt is going to but T-bonds til 10yr hits 1.99%! He didn’t think it would bring mortgage rates any lower, but it would mean rates aren’t moving up any time soon. I think Gross is right, the rates aren’t moving up anytime soon until flu’s new IPO gets rolling and he starts hiring thousands of well paid professionals.
equalizerParticipant[quote=flu]Ummm…
My first reaction is. Oh crap…Look at the 15year fixed.
Rate/apr/points
3.500% 3.622% 0.000%
3.250% 3.628% 1.750%Now, I’m going…Gee look at the 30year fixed.
Rate/apr/points
4.000% 4.122% 0.000%
3.750% 4.016% 1.750%http://aerofcu.mortgagewebcenter.com/Default.asp?bhcp=1
Sigh….[/quote]
That rate is for members only, must be heavily financed by company. Membership is limited to employees of company and of the small LA base.On Bloomberg today I heard ML analyst stating that Govt is going to but T-bonds til 10yr hits 1.99%! He didn’t think it would bring mortgage rates any lower, but it would mean rates aren’t moving up any time soon. I think Gross is right, the rates aren’t moving up anytime soon until flu’s new IPO gets rolling and he starts hiring thousands of well paid professionals.
September 2, 2010 at 12:09 AM in reply to: Are Asians more bullish about housing in general… #599074equalizerParticipant[quote=CA renter][quote=AK]Who were the fools who signed without reading? I bet it’s more likely the uneducated folks.
The entire closing process is designed to keep you from reading the papers or having a chance to get them reviewed.
Your loan docs arrive with just enough time to skim, sign, and FedEx off just in time to meet the closing deadline — this is no accident.
I know highly educated and financially astute people who got screwed by people they trusted. (I also believe that trusting “your own people,” whomever those people might be, leaves you wide-open to affinity fraud … but that’s a subject for another thread.)[/quote]
Absolutely true, AK.[/quote]
Its even worse, the courier brings paper to have you sign on spot without reading, just like Congress when they pass a bill.September 2, 2010 at 12:09 AM in reply to: Are Asians more bullish about housing in general… #599167equalizerParticipant[quote=CA renter][quote=AK]Who were the fools who signed without reading? I bet it’s more likely the uneducated folks.
The entire closing process is designed to keep you from reading the papers or having a chance to get them reviewed.
Your loan docs arrive with just enough time to skim, sign, and FedEx off just in time to meet the closing deadline — this is no accident.
I know highly educated and financially astute people who got screwed by people they trusted. (I also believe that trusting “your own people,” whomever those people might be, leaves you wide-open to affinity fraud … but that’s a subject for another thread.)[/quote]
Absolutely true, AK.[/quote]
Its even worse, the courier brings paper to have you sign on spot without reading, just like Congress when they pass a bill.September 2, 2010 at 12:09 AM in reply to: Are Asians more bullish about housing in general… #599711equalizerParticipant[quote=CA renter][quote=AK]Who were the fools who signed without reading? I bet it’s more likely the uneducated folks.
The entire closing process is designed to keep you from reading the papers or having a chance to get them reviewed.
Your loan docs arrive with just enough time to skim, sign, and FedEx off just in time to meet the closing deadline — this is no accident.
I know highly educated and financially astute people who got screwed by people they trusted. (I also believe that trusting “your own people,” whomever those people might be, leaves you wide-open to affinity fraud … but that’s a subject for another thread.)[/quote]
Absolutely true, AK.[/quote]
Its even worse, the courier brings paper to have you sign on spot without reading, just like Congress when they pass a bill.September 2, 2010 at 12:09 AM in reply to: Are Asians more bullish about housing in general… #599817equalizerParticipant[quote=CA renter][quote=AK]Who were the fools who signed without reading? I bet it’s more likely the uneducated folks.
The entire closing process is designed to keep you from reading the papers or having a chance to get them reviewed.
Your loan docs arrive with just enough time to skim, sign, and FedEx off just in time to meet the closing deadline — this is no accident.
I know highly educated and financially astute people who got screwed by people they trusted. (I also believe that trusting “your own people,” whomever those people might be, leaves you wide-open to affinity fraud … but that’s a subject for another thread.)[/quote]
Absolutely true, AK.[/quote]
Its even worse, the courier brings paper to have you sign on spot without reading, just like Congress when they pass a bill.September 2, 2010 at 12:09 AM in reply to: Are Asians more bullish about housing in general… #600135equalizerParticipant[quote=CA renter][quote=AK]Who were the fools who signed without reading? I bet it’s more likely the uneducated folks.
The entire closing process is designed to keep you from reading the papers or having a chance to get them reviewed.
Your loan docs arrive with just enough time to skim, sign, and FedEx off just in time to meet the closing deadline — this is no accident.
I know highly educated and financially astute people who got screwed by people they trusted. (I also believe that trusting “your own people,” whomever those people might be, leaves you wide-open to affinity fraud … but that’s a subject for another thread.)[/quote]
Absolutely true, AK.[/quote]
Its even worse, the courier brings paper to have you sign on spot without reading, just like Congress when they pass a bill.September 2, 2010 at 12:06 AM in reply to: Are Asians more bullish about housing in general… #599069equalizerParticipantFlu,
You can’t take every syllable literally.
Earlier this year I was at a dinner party with a VC(of course main office NoCa) and a top exec from your favorite tech company that you bash all the time. VC guy did state that deal making was being discussed at a fervent pace, but that his firm was very cautious. We talked about the wisdom of the Stuyvesant Town—Peter Cooper Village $5B debacle that Tishman Speyer and BlackRock walked away from this year. BTW, CALPERS invested and (probably lost) $600M in this project with their VC allotment to this project. Its obvious that Tishman and BlackRock folks are brilliant, we Piggs should bow to them. (maybe they didn’t read the fine print, which said $5.4Billion USD)
When the guy mentioned that Green tech is where VC money is looking, I went on a tirade, Piggington style. Let’s just say that these brilliant VC folks founding Tesla, etc are looking for the massive subsidy(handout, free cheese,etc) These “Green” firms are being planned and funded ONLY because of Govt subsidies, unlike the VC funded firms of the past that were privately funded. These “Green” firms can’t defy simple laws of physics and chemistry, their firms are not viable (by factor of 2-3 times, not 20-30%) without flu’s tax dollars. Its one thing to subsidize hybrid research, but quite another to subsidize questionable technologies such as ethanol, switchgrass, etc. Follow money back to lobby and that drives the funding, not science.
http://www.slate.com/id/2262229/pagenum/all/
So the only people deluded are the ones that worship at the alter of the new VC crowd that now prey upon gullible Govt pension fund managers and figure out how to fleece taxpayers. But they may create high paying jobs, what the heck do I know?
Isn’t it bad enough that Student loans/grants provide over 80% of revenues for the for-profit universities that provide “passion degrees” that won’t pay the student loans?
Or that Fed Loans are causing tuition rates to go up 10% a year (no inflation here)
Or that health care subsidies are causing health care cost to skyrocket without any additional benefit? In fact, many medical procedures such as colonoscopy and stents have NEVER been proven to be scientifically better then less invasive, cheaper forms of treatment. But why conduct a study when you lobby Govt to force HMOS to pay most of costs? Is the USA most corrupt? You decide.
Stripper Finds Degree Profitable for Goldman Wasn’t Worth It –
http://www.bloomberg.com/news/2010-08-05/stripper-s-college-degree-profitable-for-goldman-finds-70-000-was-wasted.htmlStuyvesant Town and Peter Cooper Village-
http://www.nytimes.com/info/stuyvesant-town-and-peter-cooper-village/?scp=1-spot&sq=%20Stuyvesant%20Town%20&st=csePS
So I may not know Jack, but I’ve met people who do and I can tell difference between innovation and Govt handouts.
BTW, did I ever mention that I once met Spielberg in Santa Monica, but the dude wouldn’t give me a break. Well, I coulda been an actor, but I wound up here, spilling dirty laundry.
September 2, 2010 at 12:06 AM in reply to: Are Asians more bullish about housing in general… #599162equalizerParticipantFlu,
You can’t take every syllable literally.
Earlier this year I was at a dinner party with a VC(of course main office NoCa) and a top exec from your favorite tech company that you bash all the time. VC guy did state that deal making was being discussed at a fervent pace, but that his firm was very cautious. We talked about the wisdom of the Stuyvesant Town—Peter Cooper Village $5B debacle that Tishman Speyer and BlackRock walked away from this year. BTW, CALPERS invested and (probably lost) $600M in this project with their VC allotment to this project. Its obvious that Tishman and BlackRock folks are brilliant, we Piggs should bow to them. (maybe they didn’t read the fine print, which said $5.4Billion USD)
When the guy mentioned that Green tech is where VC money is looking, I went on a tirade, Piggington style. Let’s just say that these brilliant VC folks founding Tesla, etc are looking for the massive subsidy(handout, free cheese,etc) These “Green” firms are being planned and funded ONLY because of Govt subsidies, unlike the VC funded firms of the past that were privately funded. These “Green” firms can’t defy simple laws of physics and chemistry, their firms are not viable (by factor of 2-3 times, not 20-30%) without flu’s tax dollars. Its one thing to subsidize hybrid research, but quite another to subsidize questionable technologies such as ethanol, switchgrass, etc. Follow money back to lobby and that drives the funding, not science.
http://www.slate.com/id/2262229/pagenum/all/
So the only people deluded are the ones that worship at the alter of the new VC crowd that now prey upon gullible Govt pension fund managers and figure out how to fleece taxpayers. But they may create high paying jobs, what the heck do I know?
Isn’t it bad enough that Student loans/grants provide over 80% of revenues for the for-profit universities that provide “passion degrees” that won’t pay the student loans?
Or that Fed Loans are causing tuition rates to go up 10% a year (no inflation here)
Or that health care subsidies are causing health care cost to skyrocket without any additional benefit? In fact, many medical procedures such as colonoscopy and stents have NEVER been proven to be scientifically better then less invasive, cheaper forms of treatment. But why conduct a study when you lobby Govt to force HMOS to pay most of costs? Is the USA most corrupt? You decide.
Stripper Finds Degree Profitable for Goldman Wasn’t Worth It –
http://www.bloomberg.com/news/2010-08-05/stripper-s-college-degree-profitable-for-goldman-finds-70-000-was-wasted.htmlStuyvesant Town and Peter Cooper Village-
http://www.nytimes.com/info/stuyvesant-town-and-peter-cooper-village/?scp=1-spot&sq=%20Stuyvesant%20Town%20&st=csePS
So I may not know Jack, but I’ve met people who do and I can tell difference between innovation and Govt handouts.
BTW, did I ever mention that I once met Spielberg in Santa Monica, but the dude wouldn’t give me a break. Well, I coulda been an actor, but I wound up here, spilling dirty laundry.
September 2, 2010 at 12:06 AM in reply to: Are Asians more bullish about housing in general… #599706equalizerParticipantFlu,
You can’t take every syllable literally.
Earlier this year I was at a dinner party with a VC(of course main office NoCa) and a top exec from your favorite tech company that you bash all the time. VC guy did state that deal making was being discussed at a fervent pace, but that his firm was very cautious. We talked about the wisdom of the Stuyvesant Town—Peter Cooper Village $5B debacle that Tishman Speyer and BlackRock walked away from this year. BTW, CALPERS invested and (probably lost) $600M in this project with their VC allotment to this project. Its obvious that Tishman and BlackRock folks are brilliant, we Piggs should bow to them. (maybe they didn’t read the fine print, which said $5.4Billion USD)
When the guy mentioned that Green tech is where VC money is looking, I went on a tirade, Piggington style. Let’s just say that these brilliant VC folks founding Tesla, etc are looking for the massive subsidy(handout, free cheese,etc) These “Green” firms are being planned and funded ONLY because of Govt subsidies, unlike the VC funded firms of the past that were privately funded. These “Green” firms can’t defy simple laws of physics and chemistry, their firms are not viable (by factor of 2-3 times, not 20-30%) without flu’s tax dollars. Its one thing to subsidize hybrid research, but quite another to subsidize questionable technologies such as ethanol, switchgrass, etc. Follow money back to lobby and that drives the funding, not science.
http://www.slate.com/id/2262229/pagenum/all/
So the only people deluded are the ones that worship at the alter of the new VC crowd that now prey upon gullible Govt pension fund managers and figure out how to fleece taxpayers. But they may create high paying jobs, what the heck do I know?
Isn’t it bad enough that Student loans/grants provide over 80% of revenues for the for-profit universities that provide “passion degrees” that won’t pay the student loans?
Or that Fed Loans are causing tuition rates to go up 10% a year (no inflation here)
Or that health care subsidies are causing health care cost to skyrocket without any additional benefit? In fact, many medical procedures such as colonoscopy and stents have NEVER been proven to be scientifically better then less invasive, cheaper forms of treatment. But why conduct a study when you lobby Govt to force HMOS to pay most of costs? Is the USA most corrupt? You decide.
Stripper Finds Degree Profitable for Goldman Wasn’t Worth It –
http://www.bloomberg.com/news/2010-08-05/stripper-s-college-degree-profitable-for-goldman-finds-70-000-was-wasted.htmlStuyvesant Town and Peter Cooper Village-
http://www.nytimes.com/info/stuyvesant-town-and-peter-cooper-village/?scp=1-spot&sq=%20Stuyvesant%20Town%20&st=csePS
So I may not know Jack, but I’ve met people who do and I can tell difference between innovation and Govt handouts.
BTW, did I ever mention that I once met Spielberg in Santa Monica, but the dude wouldn’t give me a break. Well, I coulda been an actor, but I wound up here, spilling dirty laundry.
September 2, 2010 at 12:06 AM in reply to: Are Asians more bullish about housing in general… #599812equalizerParticipantFlu,
You can’t take every syllable literally.
Earlier this year I was at a dinner party with a VC(of course main office NoCa) and a top exec from your favorite tech company that you bash all the time. VC guy did state that deal making was being discussed at a fervent pace, but that his firm was very cautious. We talked about the wisdom of the Stuyvesant Town—Peter Cooper Village $5B debacle that Tishman Speyer and BlackRock walked away from this year. BTW, CALPERS invested and (probably lost) $600M in this project with their VC allotment to this project. Its obvious that Tishman and BlackRock folks are brilliant, we Piggs should bow to them. (maybe they didn’t read the fine print, which said $5.4Billion USD)
When the guy mentioned that Green tech is where VC money is looking, I went on a tirade, Piggington style. Let’s just say that these brilliant VC folks founding Tesla, etc are looking for the massive subsidy(handout, free cheese,etc) These “Green” firms are being planned and funded ONLY because of Govt subsidies, unlike the VC funded firms of the past that were privately funded. These “Green” firms can’t defy simple laws of physics and chemistry, their firms are not viable (by factor of 2-3 times, not 20-30%) without flu’s tax dollars. Its one thing to subsidize hybrid research, but quite another to subsidize questionable technologies such as ethanol, switchgrass, etc. Follow money back to lobby and that drives the funding, not science.
http://www.slate.com/id/2262229/pagenum/all/
So the only people deluded are the ones that worship at the alter of the new VC crowd that now prey upon gullible Govt pension fund managers and figure out how to fleece taxpayers. But they may create high paying jobs, what the heck do I know?
Isn’t it bad enough that Student loans/grants provide over 80% of revenues for the for-profit universities that provide “passion degrees” that won’t pay the student loans?
Or that Fed Loans are causing tuition rates to go up 10% a year (no inflation here)
Or that health care subsidies are causing health care cost to skyrocket without any additional benefit? In fact, many medical procedures such as colonoscopy and stents have NEVER been proven to be scientifically better then less invasive, cheaper forms of treatment. But why conduct a study when you lobby Govt to force HMOS to pay most of costs? Is the USA most corrupt? You decide.
Stripper Finds Degree Profitable for Goldman Wasn’t Worth It –
http://www.bloomberg.com/news/2010-08-05/stripper-s-college-degree-profitable-for-goldman-finds-70-000-was-wasted.htmlStuyvesant Town and Peter Cooper Village-
http://www.nytimes.com/info/stuyvesant-town-and-peter-cooper-village/?scp=1-spot&sq=%20Stuyvesant%20Town%20&st=csePS
So I may not know Jack, but I’ve met people who do and I can tell difference between innovation and Govt handouts.
BTW, did I ever mention that I once met Spielberg in Santa Monica, but the dude wouldn’t give me a break. Well, I coulda been an actor, but I wound up here, spilling dirty laundry.
-
AuthorPosts