I am going start with the disclaimer: Yes I realize the mistakes I have made to get to this point.As a results of a departure from a job and lifestyle I did not enjoy, and things "not going as well…Continue
"I once knew a beautiful girl until a 4x8 sheet of plywood fell from a construction site and it killed her. I suppose it was her fault for not looking up and taking evasive action. Of course you should always look for oncoming traffic, but It's…"
"I agree that you can't get hit if you're not in the road, but sometimes you need to be there. You might expect to make it to the other side if you have a green light, but you can still get hit by a bus. I get that.
But if I lost my legs…"
"Then you agree with me that you can get hit even though you're doing things right, so I don't understand your comment. Maybe you apologized for being in the way of the cars the way Cheney's friend who got shot in the face had to do,…"
"The financial calculus is as easy or simple as one wants to make it, like all investing calculus. Personally, I stop at the level where mortgage+HOA fees are so much higher than rent, the mortgage interest deduction can't make up the…"
"Yeah, it's a dificult calculus, with more than a bit of witchcraft/tea leave reading in it.
20% down is a nice rule in a TYPICAL housing market, but the arc and trajectory of real estate values, buyer income, and buyer debt have to be factored…"
"Blame ordinary borrowers if you like, just don't moralize about home ownership in the same breath. When a 20% down payment is two times the region's median annual income, you'll take as long to save up for a down payment as…"
"The crisis timeline goes back more than half a century to the creation of Fannie Mae which also created the first mortgage backed securities in 1970. The history clearly shows that the banking and investment firms worked in collusion with the…"
"IMHO, one proximate cause of the early 21st Century Great Recession is exactly the same as the cause of the 20th Century Great Depression. Namely commercial and investment banking were commingled. In the 1920s commercial banks got…"
"Yes, I agree that there is plenty of blame on all sides, but the banksters did far more than just bundle some bad debt with the good to balance their portfolios. The term predatory lending has a real basis.
Borrowers, qualified or not, were sought…"
"And, underqualified borrowers petitioned the government for the right to buy houses they couldn't afford on loans nobody could justify giving them. So, they bought politicians during the same era with the populist siren song of getting…"
"Banks figured out a way to multiply a bad debt into 40 times its value by selling derivatives like credit default swaps so they did everything they could to encourage and facilitate these loans. They petitioned the government for the right to do…"
"I dont really know how this kind of borders work, since we dont have them here but let´s assume there is a wall...
Couldn't Mexicans just get a permit for entering the USA, like for vaccation, and cross the border on the normal…"
Hello all,I am 23 years young and have been thinking a lot about what to do with my life... I got to travel a lot in my last 10 years and have met and still contact with many beautiful young Woman, but I am not ready to settle down and get married. eventually I will get there in Maybe 10 years or so, but for now I just wanna do as many Manly Jobs as possible to get that all rounder experience so l will fit in any environment once I find that woman to settle down... I don't care where on this…See More
"For East Asian classics, I'd start with the following Chinese books that were also seminal works for Korea and Japan:
The Four Books (Analects, The Great Learning, The Mean, and Mencius) The middle two are always overlooked but were a standard…"
"This generation is definitely different than the one I grew up in. I had a job from the time I was 12 -- mowing lawns, delivering papers, dishwasher, waiter, Dominos' pizza driver (back when they had the 30 minute guarantee -- that was…"