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December 2, 2007 at 8:14 AM in reply to: CNN — Rate freeze plan for ARMs gains traction. How will this affect the market if this goes thru? #107361December 2, 2007 at 8:14 AM in reply to: CNN — Rate freeze plan for ARMs gains traction. How will this affect the market if this goes thru? #107364
NeetaT
ParticipantI think it will have zero effect, because of the bureaucracy involved. There will also be multiple law suits promulgated by mortgage investors and rightfully so. Just keep renting and count the money you are saving. Eventually the Fed will be backed into a corner and have to raise interest rates again to keep from being crushed by rival economic giants.
December 2, 2007 at 8:14 AM in reply to: CNN — Rate freeze plan for ARMs gains traction. How will this affect the market if this goes thru? #107386NeetaT
ParticipantI think it will have zero effect, because of the bureaucracy involved. There will also be multiple law suits promulgated by mortgage investors and rightfully so. Just keep renting and count the money you are saving. Eventually the Fed will be backed into a corner and have to raise interest rates again to keep from being crushed by rival economic giants.
NeetaT
ParticipantI will be moving to San Diego / Sun Diego / San Dog in April 2008. I plan on renting and in doing so, I plan on low-balling desperate owners by offering them 1yrs worth of rent up front at a severe discount to me. I believe some people would go for this because up front money talks. For example; If the rent is $2,000.00 a month, I will offer $1,800.00 per month x 12 up front. That would be like earning 10% tax free. They may take the money and try to invest it and make up the 10% not guaranteed and be taxed.
I am not really worried about the risk of losing up front money. I will just sue the person for more or threaten to sue the bank that owns the house.
NeetaT
ParticipantI will be moving to San Diego / Sun Diego / San Dog in April 2008. I plan on renting and in doing so, I plan on low-balling desperate owners by offering them 1yrs worth of rent up front at a severe discount to me. I believe some people would go for this because up front money talks. For example; If the rent is $2,000.00 a month, I will offer $1,800.00 per month x 12 up front. That would be like earning 10% tax free. They may take the money and try to invest it and make up the 10% not guaranteed and be taxed.
I am not really worried about the risk of losing up front money. I will just sue the person for more or threaten to sue the bank that owns the house.
NeetaT
ParticipantI will be moving to San Diego / Sun Diego / San Dog in April 2008. I plan on renting and in doing so, I plan on low-balling desperate owners by offering them 1yrs worth of rent up front at a severe discount to me. I believe some people would go for this because up front money talks. For example; If the rent is $2,000.00 a month, I will offer $1,800.00 per month x 12 up front. That would be like earning 10% tax free. They may take the money and try to invest it and make up the 10% not guaranteed and be taxed.
I am not really worried about the risk of losing up front money. I will just sue the person for more or threaten to sue the bank that owns the house.
NeetaT
ParticipantI will be moving to San Diego / Sun Diego / San Dog in April 2008. I plan on renting and in doing so, I plan on low-balling desperate owners by offering them 1yrs worth of rent up front at a severe discount to me. I believe some people would go for this because up front money talks. For example; If the rent is $2,000.00 a month, I will offer $1,800.00 per month x 12 up front. That would be like earning 10% tax free. They may take the money and try to invest it and make up the 10% not guaranteed and be taxed.
I am not really worried about the risk of losing up front money. I will just sue the person for more or threaten to sue the bank that owns the house.
NeetaT
ParticipantI will be moving to San Diego / Sun Diego / San Dog in April 2008. I plan on renting and in doing so, I plan on low-balling desperate owners by offering them 1yrs worth of rent up front at a severe discount to me. I believe some people would go for this because up front money talks. For example; If the rent is $2,000.00 a month, I will offer $1,800.00 per month x 12 up front. That would be like earning 10% tax free. They may take the money and try to invest it and make up the 10% not guaranteed and be taxed.
I am not really worried about the risk of losing up front money. I will just sue the person for more or threaten to sue the bank that owns the house.
October 13, 2007 at 10:37 AM in reply to: OT: why do some american parents buy their minors guns? #88691NeetaT
ParticipantMarksmanship is a wonderful hobby especially when it is later used to kill terrorists who vitiate our society. “One shot one kill.” Check the wind when firing at targets that are more than 200 meters out.
October 13, 2007 at 10:37 AM in reply to: OT: why do some american parents buy their minors guns? #88698NeetaT
ParticipantMarksmanship is a wonderful hobby especially when it is later used to kill terrorists who vitiate our society. “One shot one kill.” Check the wind when firing at targets that are more than 200 meters out.
NeetaT
ParticipantI like global warming. If it means more places to golf and fish, I can’t wait until it takes the full effect. Let’s hear it for the Tropics!!!!!
NeetaT
Participant15yrs ago I read a stupid book “At the Crest of the Tidal Wave”, which prompted me to adhere to putting my money in low yielding CD type accounts. As a result, I am now scrambling to get caught up for retirement. Had I not read that book, I would have kept my money in the runaway mutual funds I was in and therefore been able to retire.
NeetaT
ParticipantI have always put my money in interest bearing accounts. I still believe in doing that. I’m just trying to find something above 5% return that says “hey this is what you will receive if you put your money here” not if you put your money here you might receive this if the stock or what ever goes up. I don’t think that asking for 10% guaranteed is asking too much, but apparently it is.
NeetaT
ParticipantDuck,
Thanks for the reply and thanks for not being sarcastic. This is a serious decision and I will look into other companies now that you mention it.
October 1, 2007 at 12:21 PM in reply to: Dow at intraday high 14,000+ on expectation of “loosening of credit crunch.” #86583NeetaT
ParticipantIf the market continues to move up on bad news, what’s going to happen when good news arrives? I give up!
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