Did you notice I’m getting some ads served up from google about gay cars… I didn’t know cars even had gender.

All part of living in SoCal.

Yes, leverage can make you a genius or destroy you completely (as C Serin is finding out). Perhaps we have entered a brave new world where only extreme risk takers thrive?

God help you when that 3% has a hyphen in front of it.

Amazing though, how clients who agreed to crooked tactics to get qualified for a mortgage loan are the same people screaming to high heaven that they were wronged by their mortgage lender because the lender inflated their income to qualify them! Nevermind that they knew what their payment would be and should have enough brain power to determine if they’ll be able to cover the bills on their income.

OK, I’ll get off the soap box. Next?

Cameron
http://www.Homefindinginfo.com

From an ultranationalist neocon perspective of mine…you seem a little left leaning.

Its hard to figure out the right moves these days. I’m trying to save an invest but you hear some stuff.

1)The increasing M3 supply… looks like a -8% per year on your savings account
2) Wall street is so crooked it is stunning. I could not believe they decided to set aside the verdict on the enron guy cause he dies. Nice but now the family sits on all of his stealings.
3) The back dating scandals. Jobs might be good for Apple but he was stealing. Go to jail.
4) No one was punished for all the fancy accounting tricks used in worldcom/mci or other telecoms
5) Congress is considering a bail out already for our FB
6) Congress and the new senate spoke about counting other sources of income against your social security payments… This would make your 401K into a BAD investment

So…. I’m kind of in a transition period where I try to protect my meager assets.

SS just worries me like heck. So far between me and my employer I’ve maxed out since 1998. What is my return going to be on that? Looks more like complete loss everyday.

I don’t mind paying for infastructure/illness/children in trouble but it can quickly get to rewarding those who didn’t work or even try.

I saw that special too. I was so angry I could hardly watch it. If I am not mistaken they showed that you saved money by year 3 even with rental being half the cost of ownership in year 1. What complete BS! You would need 10% appreciation or more, and of course, they don’t give you their assumptions. Shows like this encourage people to commit financial suicide. The producers should be ashamed.

“A little left leaning”?

Ha Ha, Ha Ha.

That’s a good one.

I don’t discuss my political leanings on my blog, but I like the personal responsibility that libertarians espouse.

John Doe

I looked at the ABC special on housing. They are still expecting that you save money by year 4 or year five. That would be a 7% appreciation or so (Huge).

They also mentioned giving the buyers agent extra incentives. I just had to sit back aghast about the conflict of interest.

There was some mention of the fact that you are better off with a fixed rate loan BUT then their affordability numbers were far different. They had an affordability set at 20% or so.

The entire group of people they had on the were from real estate complex as well.

Except for the UCLA professor who did not mention anything about the housing cycles, rent cost to mortgage payment exc. Just that it might not be a great investment.

So, an early propeganda move…

I am begining to fear the governments next move. We are already at a point where your savings are being rapidly devalued. I just wonder when a huge tax payer bailout from my income will happen. I know your a little left leaning but its painful to think I’m going to be paying an extra 20-30% to bail out people that made bad decisions.

Perhaps even worse they will change laws about banruptcy or forclosure and protect people in houses. THose of us on the outside will be severly marginalized. Not the first time this has happened.

LAEF2

Check out http://www.ml-implode.com.

Not all of them were in OC.

John Doe