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HLS
ParticipantCan probably remain unpaid for 5 years before a tax lien sale. It is different than a foreclosure,
Call the county assessor for confirmation.
September 17, 2008 at 3:02 PM in reply to: I don’t claim to be an expert, but am looking for opinions #271705ParticipantZ, I state them precisely BECAUSE they are facts.
I deal with people on a daily basis who don’t realize the difference between these facts and opinions.What might be “obvious” to you, isn’t obvious to everyone.
I agree with all that it is possible to make money in the market.
The fact remains that nobody knows what they will have in their 401K account 5, 10 or 20 years from now, regardless of any past returns.
My point is that just because there have been ups and downs in the past, and they PROBABLY will repeat, it isn’t guaranteed.
Even a time horizon of >10 yrs doesn’t g’tee the return.
Lots of people have no buisness being invested in the stock market.
Fortunes are made and lost by uninformed people.September 17, 2008 at 3:02 PM in reply to: I don’t claim to be an expert, but am looking for opinions #271944ParticipantZ, I state them precisely BECAUSE they are facts.
I deal with people on a daily basis who don’t realize the difference between these facts and opinions.What might be “obvious” to you, isn’t obvious to everyone.
I agree with all that it is possible to make money in the market.
The fact remains that nobody knows what they will have in their 401K account 5, 10 or 20 years from now, regardless of any past returns.
My point is that just because there have been ups and downs in the past, and they PROBABLY will repeat, it isn’t guaranteed.
Even a time horizon of >10 yrs doesn’t g’tee the return.
Lots of people have no buisness being invested in the stock market.
Fortunes are made and lost by uninformed people.September 17, 2008 at 3:02 PM in reply to: I don’t claim to be an expert, but am looking for opinions #271952ParticipantZ, I state them precisely BECAUSE they are facts.
I deal with people on a daily basis who don’t realize the difference between these facts and opinions.What might be “obvious” to you, isn’t obvious to everyone.
I agree with all that it is possible to make money in the market.
The fact remains that nobody knows what they will have in their 401K account 5, 10 or 20 years from now, regardless of any past returns.
My point is that just because there have been ups and downs in the past, and they PROBABLY will repeat, it isn’t guaranteed.
Even a time horizon of >10 yrs doesn’t g’tee the return.
Lots of people have no buisness being invested in the stock market.
Fortunes are made and lost by uninformed people.September 17, 2008 at 3:02 PM in reply to: I don’t claim to be an expert, but am looking for opinions #271994ParticipantZ, I state them precisely BECAUSE they are facts.
I deal with people on a daily basis who don’t realize the difference between these facts and opinions.What might be “obvious” to you, isn’t obvious to everyone.
I agree with all that it is possible to make money in the market.
The fact remains that nobody knows what they will have in their 401K account 5, 10 or 20 years from now, regardless of any past returns.
My point is that just because there have been ups and downs in the past, and they PROBABLY will repeat, it isn’t guaranteed.
Even a time horizon of >10 yrs doesn’t g’tee the return.
Lots of people have no buisness being invested in the stock market.
Fortunes are made and lost by uninformed people.September 17, 2008 at 3:02 PM in reply to: I don’t claim to be an expert, but am looking for opinions #272017ParticipantZ, I state them precisely BECAUSE they are facts.
I deal with people on a daily basis who don’t realize the difference between these facts and opinions.What might be “obvious” to you, isn’t obvious to everyone.
I agree with all that it is possible to make money in the market.
The fact remains that nobody knows what they will have in their 401K account 5, 10 or 20 years from now, regardless of any past returns.
My point is that just because there have been ups and downs in the past, and they PROBABLY will repeat, it isn’t guaranteed.
Even a time horizon of >10 yrs doesn’t g’tee the return.
Lots of people have no buisness being invested in the stock market.
Fortunes are made and lost by uninformed people.ParticipantIt’s an impossible question to answer without facts.
In general, closing costs are around 2% of the loan amount, to get the best rate.
(In addition to your down payment)
Part of that might come from the seller, but you are paying for it in the long run.The higher your interest rate is, the lower your fees should be.
You also have the option to pay a fee and get a lower rate for the life of the loan.Rates can change every day and often do.
You need to find someone who knows what they are talking about and explain the facts to you.
Loans with 3% and 5% down ARE still available, for those that qualify.
Not in your best interest, but available courtesy of the US GOVT.ParticipantIt’s an impossible question to answer without facts.
In general, closing costs are around 2% of the loan amount, to get the best rate.
(In addition to your down payment)
Part of that might come from the seller, but you are paying for it in the long run.The higher your interest rate is, the lower your fees should be.
You also have the option to pay a fee and get a lower rate for the life of the loan.Rates can change every day and often do.
You need to find someone who knows what they are talking about and explain the facts to you.
Loans with 3% and 5% down ARE still available, for those that qualify.
Not in your best interest, but available courtesy of the US GOVT.ParticipantIt’s an impossible question to answer without facts.
In general, closing costs are around 2% of the loan amount, to get the best rate.
(In addition to your down payment)
Part of that might come from the seller, but you are paying for it in the long run.The higher your interest rate is, the lower your fees should be.
You also have the option to pay a fee and get a lower rate for the life of the loan.Rates can change every day and often do.
You need to find someone who knows what they are talking about and explain the facts to you.
Loans with 3% and 5% down ARE still available, for those that qualify.
Not in your best interest, but available courtesy of the US GOVT.ParticipantIt’s an impossible question to answer without facts.
In general, closing costs are around 2% of the loan amount, to get the best rate.
(In addition to your down payment)
Part of that might come from the seller, but you are paying for it in the long run.The higher your interest rate is, the lower your fees should be.
You also have the option to pay a fee and get a lower rate for the life of the loan.Rates can change every day and often do.
You need to find someone who knows what they are talking about and explain the facts to you.
Loans with 3% and 5% down ARE still available, for those that qualify.
Not in your best interest, but available courtesy of the US GOVT.ParticipantIt’s an impossible question to answer without facts.
In general, closing costs are around 2% of the loan amount, to get the best rate.
(In addition to your down payment)
Part of that might come from the seller, but you are paying for it in the long run.The higher your interest rate is, the lower your fees should be.
You also have the option to pay a fee and get a lower rate for the life of the loan.Rates can change every day and often do.
You need to find someone who knows what they are talking about and explain the facts to you.
Loans with 3% and 5% down ARE still available, for those that qualify.
Not in your best interest, but available courtesy of the US GOVT.ParticipantIf you don’t have personal liquidity to survive for 6-12 months, you could have a problem.
Really scary scenario:
a) Market closes for trading for days like currently in Russia.b)Banks close until a plan is created to “save everyone” (Like no planes flying for a few days after 9/11)
c)ATM & Debit cards aren’t valid
d)Govt continuing to tell the world that we are fine and have a strong economy
e) Govt loaning $85 BILLION to a private company to save the economy from imminent collapse.
Be prepared for the worst, and hope that it doesn’t happen
OR
Keep drinking the Kool-Aid.ParticipantIf you don’t have personal liquidity to survive for 6-12 months, you could have a problem.
Really scary scenario:
a) Market closes for trading for days like currently in Russia.b)Banks close until a plan is created to “save everyone” (Like no planes flying for a few days after 9/11)
c)ATM & Debit cards aren’t valid
d)Govt continuing to tell the world that we are fine and have a strong economy
e) Govt loaning $85 BILLION to a private company to save the economy from imminent collapse.
Be prepared for the worst, and hope that it doesn’t happen
OR
Keep drinking the Kool-Aid.ParticipantIf you don’t have personal liquidity to survive for 6-12 months, you could have a problem.
Really scary scenario:
a) Market closes for trading for days like currently in Russia.b)Banks close until a plan is created to “save everyone” (Like no planes flying for a few days after 9/11)
c)ATM & Debit cards aren’t valid
d)Govt continuing to tell the world that we are fine and have a strong economy
e) Govt loaning $85 BILLION to a private company to save the economy from imminent collapse.
Be prepared for the worst, and hope that it doesn’t happen
OR
Keep drinking the Kool-Aid. -
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