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Showing posts from 2007

Are you serious!!!

Seriously, I feel for the story and the situation life offered for this family. But now that they are back on their feet. I want to know what happens to them in a year. Do they get further in to debt again.

Now can they afford that new plasma TV and new car they have been dieing to get.

I hope they save their money and choose better options next go around.

Yah Countrywide only re-negoatiated the loan and forgave this poor family's debt for their own good. But come on, it just steams me. Why should I have to make more conservative decisions and be held accountable for my actions. Why can't I default, keep my home and be forgiven for my debt and go on my merry way.

Gimminie Crickets.

This is ridiculous. Call me crass or brash. But these people shouldn't have been in the home in the first place with the way they stretched themselves. They took the risk for the adjustable variable…

The new black gold
So if shale is to slate, then what is oil shale to gold.

Black gold that's it. So there it is again big oil holding down their investments.

We can't afford to go to zero emission vehicles. Big oil has too much investment in oil and refining in general.

All be it, it will be a great thing to get away from the oil cartels themselves.

All hail oil the big king!!!


Seriously Stupid
Dear, Seriously Stupid:

If you ever felt you have done something seriously stupid @ work fear not there are many more idiotic people in this world. Not to mention just flat silly corporation and buisness blunders that would make any CEO cringe at the mere thought they actually paid these people.

I guess there is such a thing as job security.


Sincerly Yours,

Not as dumb as the top 100.

Something smells in balata!!!

What the heck!!! We knew it was coming. The real question is why are we sucumbing to the needs of individuls that are now getting bailed out for making poor financial decisions.

I would really like to know, why are we now providing ARM interest rate locks on teaser loans, because the poor fools or the once thought savy real estate investors now have to take it in the shorts.

Oh poor me boo who... Who's going to bail me out now. I made a risky investment and got caught with my pants down. Oh please help me and bail me out!!!

So why can't I just walk into the bank and re-negotiate my loan. Why can't I just say oh poor me I just didn't understand and I am about to lose my home.. So please mister banker please adjust my home loan and make it affordable for me.

The problem with that is.... I did know better!!! I take accountability for the loan documents I signed…

get rich or die trying

Well a little cliche, buttttt...

So for those that have scoffed at all be it most 401 k wild projections.

Seeing something like this really is a nice change of pace.

The problem with most investments is, they are mostly projections. If they pan out great.

However the Roth IRA is not a bad deal. $15500.00 seems like a lot of money for most people. Think about it if you started a Roth IRA @ say age 20 and saved just $100.00 a month. Well guess what in say just under 13 years you would have met that amount. Even though $15500.00 is the maximum contribution amount a year for a Roth IRA. In this article it is also used as a wow factor. for a 20 year investment : "Put your money in a Roth 401(k) and you'll end up with $72,245 tax-free in 20 years"

However, the numbers don't lie. If you did in fact place $15500.00 in an account and let it sit earning interest amortized @ an 8 % interest rate. You woul…

Housing Markey Crash?

Housing Markey Crash?

I am sure you have seen it all over the media. The housing market is crashing. Sales are down!

There is a glut of homes on the market.

Well want to get some facts outside of the media and the articles.

Check out some of these links.

Good terms to know:

REO : (Real Estate Owned) a.k.a bankowned property; pretty straight forward.

Foreclosure - Legal process by which a mortgagor of real property is deprived of his interest in that property due to failure to comply with terms and conditions of the mortgage.

Preforclosure - A process where by a default has taken place. Usually a notice of default will have been filed as a first step. If the default is not cured either a judicial or non judicail proceeding is started and property is subject to foreclosure. Preforeclosure is sometimes known as Lis Pendens(lawsuit pending) in states that conduct judicial proceedings.

HUD - The Department of Housing and Urban Development was established by the Housing and Urban Development Act of…

More facts and figures: Money in your 40s

I always wondered about reports and statistics.

This article was published : Published March 26, 2007

and the sources of the table of stats:

Source: Federal Reserve's 2004 Survey of Consumer Finances
*Life expectancy from National Center for Health Statistics, 2006
**U.S. Census Bureau, 2004 (ages 35-44)

Irrelevant of that fact it is very interesting as far as numbers go.

Scary thought,,,,,, and people want to place social security retirement account planning in the hands of individual american people.

Interesting...... Very interesting.

MSN Jubak's Most Recent - Jubak: Interest-rate cut? Get ready to pay more at the bank

You need to listen to at least 35 seconds of this video clip before you then have to start questioning a few things.......

1st of all this guy is Jim Jubak , MSN Money Senior Markets Editor. For a senior Markets Editor, I am very surprised.

What is this guy talking about. The average person won't see any changes, my butt!!!!!!!!

He should have made a number of disclosures and if he was going to generalize and down play the Fed's next interest rate cut he should have said he was going too...

All sorts of analysts and individuals have their own opinions of the economy and the housing market.

Let me make a few comments or points to this affect, I would have loved to email this guy.

- The number one group of average Americans that will be effected by this rate cut will be a group that is primarily responsible for this freaking boondoggle.

These are all the peo…