one of the comments that i agree with:
"This sounds like a strategy to sell unproductive crap property that resides in crap neighborhoods, so banks can make more money through the creation of this new loan program."
also, these banks are are locking in borrowers on money that the bank would not otherwise make. marginal income is better than no income.
Great program if it is available. Lendee benefit, banks make Jack squat.
as the article said, it would be hard to duplicate this mortgage program without significant subsidies. i think they bank will make money on the back end, when the borrower wants to leave after 7 years for a bigger house.
"After five to seven years, their income should grow, and they'll have enough equity to trade up to a larger house to raise their young families."
i didnt read what article u were specifying, but BI is a real piece of shit. like buzzfeed, elitedaily, etc
the chick is not asian
voice-to-text at the red light. problem solved.
STOP CARING about shit that doesnt matter (e.g. celebrities).
not sure whether you can see this if you're not a member of this BMW forum
Anyboy else here think dentist are just educated crooks?
no shit. divorce laws, feminism, religion and prostitution laws are designed to prevent this
the title should actually be
Desperate lower 99.5% Baby boomers need Millennials to buy their houses at inflated values to fund the boomer’s retirements.
OP should be banned for posting some dumb shit like this. probably lucky to work at Starbucks with that calibre of thinking.
none of this ultimately affects the average person.
What ever percentage of the assets that were involved in MBSs could not have had that big of an effect on the entire company.
do you know how derivatives work? the notional value of these swaps, swaptions, synthetic options, etc is the essence of the shadow economy.
unless you are in that industry, you should have bigger things to worry about than the iphone
i actually thought the same thing. the only thing is i could not possibly give a fuck about the details of the NFL and Ray Rice.
18) they don't apply themselves where they're at, instead looking forward to their "dream career," and so miss out on opportunities right under their noses.
i'd say the opposite, in that they settle for good, and not consider the opportunity cost of good, which is the great career. "not every opportunity is for you"
and a related aphorism: if you don't know where you are going, any road will get you there.
on another side note: this whole thread is a circle jerk.
the article sucks. what matters is the top half of the top 1%.
same old rehash of the "student loans are crowding out the mortgage market" that we heard 4 years ago
Maintenance Often Costs More Than Purchase
Avoid horses, boats, airplanes, wives, kids, co-ops, time-shares, and country clubs.
intergenerational resources & luck are the differentiating factors between a hard working 400k-aire and a multimillionaire, generally speaking.
"After eventually being laid off from the glass company, he decided to go back to school for graphic design"
they also bought in the spring of 2007, when it was clear in January 2007 shit was happening (even though the hedge fund implosions were in summer 2007).
yes, the amount of foreign money flowing into the country with the reserve currency is staggering. since it is both grey economy money and black market money, it must be invest in hard assets that cannot be seized by their respective foreign govts, hence the investment into real estate.