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fuggy
ParticipantI do not think the US is protecting the dollar. They have organized a quiet multi-year rout. We earn Euros and exchange it for 1.32 dollars after an exchange fee.
And everything costs more in Europe, too. I think the US allowed the dollar to deflate around 50% and are just keeping it right there. US officials seem to love the 1.34 exchange rate.
Is the plan to deflate away half that pension debt companies owe people and foreign debt? And since they have been able to keep interest rates low while the dollar has sunk to and stayed at 1.34, well the Fed guys are terribly clever.ParticipantI would use the tithing money to pay off the loan. It seems a tad arrogant to want to be the big philanthropist when you are in debt. And then before you have your retirement funded.
Then I would move to a cheaper state and buy a used house in a middle class neighborhood right by work.
On a personal note we were discussing the pitiful wages and high prices in the US this morning and were discussing The Italian Solution, the multi-generational home. One trash bill, one cable and internet bill, one pool-guy bill, one home insurance bill, one yard maintenance bill…but I suppose no American woman would marry my sons if they proposed that?
ParticipantI would use the tithing money to pay off the loan. It seems a tad arrogant to want to be the big philanthropist when you are in debt. And then before you have your retirement funded.
Then I would move to a cheaper state and buy a used house in a middle class neighborhood right by work.
On a personal note we were discussing the pitiful wages and high prices in the US this morning and were discussing The Italian Solution, the multi-generational home. One trash bill, one cable and internet bill, one pool-guy bill, one home insurance bill, one yard maintenance bill…but I suppose no American woman would marry my sons if they proposed that?
December 14, 2006 at 7:44 AM in reply to: What Things Will Disappear During the (Potentially) Upcoming Crash? #41692ParticipantPeople will change their neighborhood zoning regulations so that they can subdivide their 6,000 square foot home into multi-family units and make the wasted space of their “public” front yards private by paving it over for parking spaces or fencing it in for a pool or vegetable garden.
Match.com will have a section for people who only want to date other debt-free people.
Non traditional seeking of college degrees will become the norm until private universities cry “uncle”.
The “rule” that 18 year olds need to move out and rent their own apartment will start to seem bizarre.
fuggy
ParticipantHow can this technician afford the 2% taxes a year on a 1.1 million house?
That is $20,000! In a state with 10% personal income taxes.
Maybe he can take in roommates?fuggy
ParticipantHome for sale: Excellent grading–water will flow away! Highest quality pipes laid so that they are not under the slab: forget slab repairs! Come see the narrated video of the construction where you will meet the construction crew–each a master in his field…
HAHAHAHAHA! When will we ever see an ad like that written by these “real estate professionals”? These people who, actually, know nothing about real estate, but should be called “people who have a pretty good idea of the square footage professionals”.
Fuggy
ParticipantIn the 70s there used to be assumable mortgages and those were very popular. Am I correct that no loans are assumable today?
If so, in the last few years all these brilliant home buyers just looked at the monthly payment on their fixed $500,000 30-year loan when they bought. But Joe Homedebt must move every 5 years.
No future buyer can assume his way-low-interest mortgage.Therefore, oops, the actual home price and not the monthly payment had been the important thing to consider before purchasing.
Notice how at Realtor.com they calculate the “monthly payment” for you so you are suckered into ignoring the home´s price?
fuggy
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