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Question for the board. Does the dollar's drop in value relative to other currencies have an impact on inflation? Were heavy importers... A small discussion or primer is appreciated if you have time to share knowlege.

Foreclosed Properties: Buying Foreclosed Home, Properties & Foreclosed Home Listing For Sale Board: I was considering attending one of these auctions. I have seen several of their signs around my area. Has anyone had experience with this organization? no idea if it is a good deal or a...

I recently bought another rental property in Northern VA. I chose Wachovia as the lender due to their attractive rates. As part of underwiriting, I was expecting to be asked for my leases and I was. The next question was unexpected, they asked me to provide bank statements showing...

Lets say for the sake of discussion that Im renting a Townhome for 1000 a month, and my mortgage is 1000 dollars a month. Really simplified but cash flow is even. If inflation is 3% a year and rents follow...what will my Rent be in 5-10 years? mortgage will remain constant. So, inflationary...

I disagree. Knowing exactly what the inflation rate is, has serious implications to my FIRE plan. I am buying real Estate. I expect to begin cash flowing within a couple years. An expected 3% per year gain via inflation against a 30 year fixed mortgage is one of my underlying assumptions. 4%...

Im not sure of the definitions...but can you really be FI if you cant RE immediately? And If you are FI and you choose to continue work, thats a personal preference isnt it? Instead of taking up fishing, you keep making widgets.

Yes. Teachers have a powerful union. High on compensation, low on accountability...you know..for the children.

Is anyone surprised that these two gravitated to the teaching profession? nice not to have accountability and a powerful union that keeps the status quo...you know for the children.

After seeing what passes for scholarship these days.... When did academia lose their collective minds?

I tried wells fargo. The problem with them is I only want 20k which is below some kind of minimum step in the loan amount. To get the loan id have to sign up for a pretty high interest rate and early repayment fees. ...no reason not to use credit cards. yes LTV is the problem with my HE...

great point... I said that to them directly. I said "you will give me a loan with a signature but you wont let me put up my house as collateral" and .... "Have you lost your minds" It was after this conversation that the manager called me and I directly proceeded to vent on them.. Im...

I called USAA and was astounded, i even got a call back from some muckety muck....they have draconian standards they have to adhere to apparently...no leeway.

I approached USAA about a $20k home equity loan to complete the finishing of my basement. Instead of financing on my creditcards, ill do a tax deductable HE loan. I have been doing one thing at a time (Like plumbing, or electrical) then saving a little and doing some more etc. Decided to juts...

What would you guys do if your renter with a bounced check just happened to work for the clerk of the courts for the county where your rental home was located.

Board: On a different thread I asked for a recommendation as to what to do with a renter behind on the rent. Along those responses, what do you guys do with a bounced rent check? I see a lot of recommendations regarding cash only...but you do have some options with a bounced check as well...

bubbleinfo.com - Statistics 2007 - ARM Reset Schedule Interesting graph and comments from one year ago. I love the first one... "SH*t, this thing is gonna blow" From the graph though I have to agree....were not done yet boys and girls.

back to 1965... Homeownershiprateq42007.jpg (image)

board: I recently purchased several rental properties. 1 is in Front Royal VA. Brand New 3/2.5 with a finished basement and a 1 car garage. 1500sq/ft. I rented it to a young lady with a high 600s credit rating. She has lived there for 5 months. All rents prior to January were on time...

I agree, there was a lack of due dilligence. That said, my point was not to diminish the role of banks but rather to address my dissatisfaction with consumers crying foul over decisions there were fully party to.

of course those folks should be held accountable. Do you really believe that lenders artificially inflating the borrowers income without their knowledge drove us to these conditions? Small, small fraction of the total.

Millionaire Mommy: Want to rent a brand new townhome? Kidding, my thoughts are my mortagage is 30 year fixed...but infaltion will drive rents upwards. At some point, rental income will cash flow positive while at the same time paying down the mortgage. I just have to wait it out. I was...

I have seen some reports of local communties suing lenders. What are the consequences of suing lenders who do business in your town. im sure driving lenders out of an area will improve the housing mess.

FRAPS/ Youtube...or it never happened

I am concerned about the lack of accountability among subprime consumers. I know I am a junior member of this board but I am pretty frustrated at the home owner getting a free pass because of those "mean old banks". For instance see this article US blacks see 'financial apartheid' in...

Ok one more further clarification then i will shut up. My rents are 1695 each. My total PITI payment is 1807 each. With HOA this puts me upside down about 150 a month each in cash. That said, The Equity going against the loan principle is over 200 a month. So I consider myself just barely...