Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Do Overs - Primary elections, Mortgage Principal/Rate
Old 03-09-2008, 02:20 PM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2007
Posts: 5,075
Do Overs - Primary elections, Mortgage Principal/Rate

Do over mania.

I want a do over on the tech bubble. And all the other mistakes I made in life.

Matter of fact, I want a do over on the last 3-4 months of the market.

chinaco is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-09-2008, 02:26 PM   #2
Recycles dryer sheets
Arc's Avatar
Join Date: Sep 2006
Posts: 370
Like Michigan and Florida - all you got to do is find someone to pay for it! Some win (i.e. mortgage bail out) and some lose (i.e. financially responsible folks).

Arc is offline   Reply With Quote
Old 03-09-2008, 02:32 PM   #3
Thinks s/he gets paid by the post
2B's Avatar
Join Date: Mar 2006
Location: Houston
Posts: 4,330
The downside of the mortgage do-over Congress seems to want to cram down the throats of the mortgage lenders is that nobody will invest in mortgages again without an extremely high risk premium built into the interest rate. Also, as the economy softens, the risk premium will spike higher which will further choke off housing sales.

The idiots politicians that decided ethanol from corn was a great idea didn't expect many food products would double in price. They also don't seem to understand that the days of low cost mortgages will disappear when a new major risk of principal erasure in bankruptcy is introduced. Soon mortgage rates will look like credit card rates. Savy shoppers with 750+ FICO scores might get 9 to 10%. Those with 600 and above might get 18%. Below 600, 28% might be all there is.
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
2B is offline   Reply With Quote


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Cutting mortgage principal could ease crisis JohnDoe FIRE and Money 47 03-05-2008 10:44 AM
Explanation of Mortgage Rate & Interest Rate Enuff2Eat FIRE and Money 8 10-04-2007 02:25 PM
Are you counting mortgage principal as an expense? skyline FIRE and Money 22 04-28-2007 02:14 PM
Adjustable rate mortgage utrecht FIRE and Money 8 03-24-2007 11:51 AM
Mortgage Intrest Rate runnerr FIRE and Money 11 01-28-2006 04:40 PM


All times are GMT -6. The time now is 03:10 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.