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Navydoc
Participant“These are not subprime”
Nope, they sure weren’t. They were, however, affordability tools to people who had no prayer of affording the house they bought. The “option” they wanted was to live in a larger house.
It is mind boggling to me that 71% of option-ARM borrowers are negatively amortizing their loans in the face of declining home values. There is only one way for that to end, and I suspect it will come when they hit their loan-to-value caps.
Participant“These are not subprime”
Nope, they sure weren’t. They were, however, affordability tools to people who had no prayer of affording the house they bought. The “option” they wanted was to live in a larger house.
It is mind boggling to me that 71% of option-ARM borrowers are negatively amortizing their loans in the face of declining home values. There is only one way for that to end, and I suspect it will come when they hit their loan-to-value caps.
Participant“These are not subprime”
Nope, they sure weren’t. They were, however, affordability tools to people who had no prayer of affording the house they bought. The “option” they wanted was to live in a larger house.
It is mind boggling to me that 71% of option-ARM borrowers are negatively amortizing their loans in the face of declining home values. There is only one way for that to end, and I suspect it will come when they hit their loan-to-value caps.
ParticipantBought a CD in Dec, 4.8%. No hassles with tenants either. By the way, I’m not slamming him at all. If he’s able to make it work that’s fine. People with lots of cash did fine in the Great Depression if they played their cards right.
ParticipantBought a CD in Dec, 4.8%. No hassles with tenants either. By the way, I’m not slamming him at all. If he’s able to make it work that’s fine. People with lots of cash did fine in the Great Depression if they played their cards right.
ParticipantBought a CD in Dec, 4.8%. No hassles with tenants either. By the way, I’m not slamming him at all. If he’s able to make it work that’s fine. People with lots of cash did fine in the Great Depression if they played their cards right.
ParticipantBought a CD in Dec, 4.8%. No hassles with tenants either. By the way, I’m not slamming him at all. If he’s able to make it work that’s fine. People with lots of cash did fine in the Great Depression if they played their cards right.
ParticipantBought a CD in Dec, 4.8%. No hassles with tenants either. By the way, I’m not slamming him at all. If he’s able to make it work that’s fine. People with lots of cash did fine in the Great Depression if they played their cards right.
ParticipantOf course he’ll do fine in the long run. But that’s not what this forum is about. I joined this group so I could talk about home prices from the perspective of someone who is waiting to buy my personal residence, NOT as an ivestment. If you can make a purchase pencil out as a rental/investment go right ahead. I have been a landlord before, and have absolutely no interest in being one again, especially if in the current environment a CD will yield just as much.
I gaurantee that the home I’m interested in buying for myself will not pencil out as a rental right now. In this light, Schiller’s comments are aimed right at me and others like me.
ParticipantOf course he’ll do fine in the long run. But that’s not what this forum is about. I joined this group so I could talk about home prices from the perspective of someone who is waiting to buy my personal residence, NOT as an ivestment. If you can make a purchase pencil out as a rental/investment go right ahead. I have been a landlord before, and have absolutely no interest in being one again, especially if in the current environment a CD will yield just as much.
I gaurantee that the home I’m interested in buying for myself will not pencil out as a rental right now. In this light, Schiller’s comments are aimed right at me and others like me.
ParticipantOf course he’ll do fine in the long run. But that’s not what this forum is about. I joined this group so I could talk about home prices from the perspective of someone who is waiting to buy my personal residence, NOT as an ivestment. If you can make a purchase pencil out as a rental/investment go right ahead. I have been a landlord before, and have absolutely no interest in being one again, especially if in the current environment a CD will yield just as much.
I gaurantee that the home I’m interested in buying for myself will not pencil out as a rental right now. In this light, Schiller’s comments are aimed right at me and others like me.
ParticipantOf course he’ll do fine in the long run. But that’s not what this forum is about. I joined this group so I could talk about home prices from the perspective of someone who is waiting to buy my personal residence, NOT as an ivestment. If you can make a purchase pencil out as a rental/investment go right ahead. I have been a landlord before, and have absolutely no interest in being one again, especially if in the current environment a CD will yield just as much.
I gaurantee that the home I’m interested in buying for myself will not pencil out as a rental right now. In this light, Schiller’s comments are aimed right at me and others like me.
ParticipantOf course he’ll do fine in the long run. But that’s not what this forum is about. I joined this group so I could talk about home prices from the perspective of someone who is waiting to buy my personal residence, NOT as an ivestment. If you can make a purchase pencil out as a rental/investment go right ahead. I have been a landlord before, and have absolutely no interest in being one again, especially if in the current environment a CD will yield just as much.
I gaurantee that the home I’m interested in buying for myself will not pencil out as a rental right now. In this light, Schiller’s comments are aimed right at me and others like me.
ParticipantI just buy a box of 10 Capri Sun juice packets in whatever flavor seems appealing. They are 100 Kcal apiece, and I find it very easy to regulate my total caloric intake with them. It really doesn’t matter, and yes, they are high in sugar, but I need some glucose for my brain on the fasting days. The whole point is to shrink my stomach down so that a portion about 1/4 the size I was eating before is quite satisfying. You could do it with water alone, but I find that excruciating. Even Ghandi drank sugar water when he was fasting.
Again, the whole point is to prime yourself to exist comfortably on about 1500-1700 Kcal/day. I find that if I try to do it with just portion control it takes about a week to adapt to the smaller portions. The fast shortens that considerably.
It’s amazing how it all comes down to portion control/calories. My father, who at one point weighed nearly 500 lbs, alway used to say he suffered from an “overactive jawbone”.
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