patrick.net

Call it Crazy says

Strategist says

The down payment requirement was 25% minimum, which I got from my parents.

Many banks don't allow borrowed down payments anymore either. You need to prove that it was YOUR funds and show months of records of where it came from.

Not entirely sure where you're getting this. The loan/gift from parents might need to be a structured a particular way, but I know a number of people who have bought a place this way in the last few months alone.

corntrollio says

Call it Crazy says

Strategist says

The down payment requirement was 25% minimum, which I got from my parents.

Many banks don't allow borrowed down payments anymore either. You need to prove that it was YOUR funds and show months of records of where it came from.

Not entirely sure where you're getting this. The loan/gift from parents might need to be a structured a particular way, but I know a number of people who have bought a place this way in the last few months alone.

Who knows what the loan people did, but I lied through my teeth.
That loan was a negative amortization loan with a start rate of 7.95%. It was an incredible bargain at the time. 1year t bill, margin of 2.45%. Today, that rate would be less then 3%.
I would lie through my teeth again. They do say - "want to succeed in business? CHEAT"

bubblesitter says

Strategist says

Why are the dumb people in charge?

Let me guess, cuz someone voted for them.

Don't blame me, I drive a Prius. We're supposed to be smart.

control point says

"Highly Educated" white went for Obama. Obama won the top 16 states by educational attainment, and 18 of the top 20.

http://boingboing.net/2012/11/11/what-the-election-map-would-ha.html

My wife is Ukrainian and grateful for what Obama has done to help keep Putin from running over the country. While many Ukrainians look to Poland's example for how to improve their country, many are asking whether they want to join the EU and wind up with the ethnic and cultural genocide and suicide that Western Europe is engaging in.

This is actually what the Russian protesters there are saying and they have a point.

But... I point out to her, by the time Ukraine would gain entry into the EU, by then the Euro should be dead and also as "diversity" benefits cause Sharia law to take over in certain regions, the cultural suicide issue should start to rear its head and perhaps Ukraine will be able to take a stand on avoiding becoming a welfare state for anti-European immigrants.

I certainly will be able to move there if I desire. You all, on the other hand, better be prepared to live in Oakland.

FortWayne says

In good old USA government only tells white people to be nice to other races, they don't actually tell other races that.

True, they just put them in prison instead.

FortWayne says

And politicians are oblivious, because many businesses discriminate against "non-minorities".

Yes, that's getting to be a serious problem. For example, if a white guy wants to make a hip hop CD, the doors might not be as open to him as if he were black.

This is getting out of hand.

(note to dodgerfandimbulb: that's what sarcasm looks like (i.e. the part where I said "this is getting out of hand"))

marcus says

FortWayne says

In good old USA government only tells white people to be nice to other races, they don't actually tell other races that.

True, they just put them in prison instead.

More liberal apologist made up BS.

WOW! The UNtrustworthy are certainly in control of what information is apparent to the people!

Say hey! This was in the Wall Street Journal on March 30, 1999. Note "... how much it will buy."

Holy cow/interesting/compelling ...!

And where is it up to date??? Right here ... see the first chart shown in this thread.
Recent Dow day is Wednesday, June 4, 2014 __ Level is 105.4

WOW! It is hideous that this is hidden! Is there any such "Homes, Inflation Adjusted"? Yes! This was in the New York Times on August 27, 2006:

And up to date (by me) is here:
http://patrick.net/?p=1219038&c=999083#comment-999083

WOW! The UNtrustworthy are certainly in control of what information is apparent to the people!

And "ThePublic Be Suckered"
http://patrick.net/?p=1230886

FortWayne says

More liberal apologist made up BS.

An exaggeration perhaps, to make a point. But it's based on facts, that you either can not or will not comprehend.

http://www.naacp.org/pages/criminal-justice-fact-sheet

Please forgive me for bringing facts in to the conversation.

marcus says

http://www.naacp.org/pages/criminal-justice-fact-sheet

Please forgive me for bringing facts in to the conversation.

I know, I heard that a lot of blacks get arrested. But a lot more blacks commit crimes than whites.

Turn on your television, white people, or well off blacks are watching Oprah Winfrey and Dr. Phil learning how to live in a functional society and be good people. While poor blacks are watching BET and listening to gangster rappers which celebrate robbing, killing, and selling drugs.

And that's a cultural difference, and until black people evolve on a mass scale and learn to live within the laws of the land, they are going to be more of them in jail.

Call it Crazy says

Strategist says

Who knows what the loan people did, but I lied through my teeth.

And you want to bring that same loan structure back to "help" the recovery....

No wonder your wife says your irresponsible...

Well, I succeeded, didn't I?
I tell my kids I never do these things. he he he. I'm such a scumbag.

Strategist says

I would lie through my teeth again. They do say - "want to succeed in business? CHEAT"

You ain't the only one, carry on. Hell, our commanders in chief do it on TV in front of the entire country.

With style..…: http://youtu.be/Z5lbbOzka5I

Are you sure 50% we're just made up to get the last minute numbers that happened.
It literally went from a complete failure a few weeks before deadline to meeting the sign up expectation.

What difference does it make now??

komputodo says

Wouldn't the statement "505,000 have issues with immigration data" mean that illegals don't qualify for obamacare?

hrhjuliet says

With style..…: http://youtu.be/Z5lbbOzka5I

I would still rather see him assassinated by immense hirsute lesbians dancing and sword fighting with knobby strap ons. They could squish a few of the male dancers, too, that would be real spectacle.

I guess I am just a traditionalist.

Rosa Klebb style, old school!

Ceffer says

assassinated by immense hirsute lesbians dancing and sword fighting with knobby strap ons. They could squish a few of the male dancers, too, that would be real spectacle.

I guess I am just a traditionalist.

This sounds like a dream sequence from a Ken Russell film.

Ceffer says

hrhjuliet says

With style..…: http://youtu.be/Z5lbbOzka5I

I would still rather see him assassinated by immense hirsute lesbians dancing and sword fighting with knobby strap ons. They could squish a few of the male dancers, too, that would be real spectacle.

I guess I am just a traditionalist.

But admit it, my version had more style. ;-)

hrhjuliet says

Ceffer says

hrhjuliet says

With style..…: http://youtu.be/Z5lbbOzka5I

I would still rather see him assassinated by immense hirsute lesbians dancing and sword fighting with knobby strap ons. They could squish a few of the male dancers, too, that would be real spectacle.

I guess I am just a traditionalist.

But admit it, my version had more style. ;-)

Yes, if you dazzle Kim Jungalongadingdong-huh! with style, he might die of fabulousness, point taken.

Kill it with fire!

Obamacare is going to enable the democratic party to snatch defeat from the jaws of victory in 2016. Well deserved too.

Thats some classified scuttlebutt sailor. Zip it!

Ceffer says

hrhjuliet says

Ceffer says

hrhjuliet says

With style..…: http://youtu.be/Z5lbbOzka5I

I would still rather see him assassinated by immense hirsute lesbians dancing and sword fighting with knobby strap ons. They could squish a few of the male dancers, too, that would be real spectacle.

I guess I am just a traditionalist.

But admit it, my version had more style. ;-)

Yes, if you dazzle Kim Jongalongadingdong-huh! with style, he might die of fabulousness, point taken.

Exactly.

bob2356 says

Obamacare is going to enable the democratic party to snatch defeat from the jaws of victory in 2016. Well deserved too.

That was so funny I ALMOST forgot to crap my pants laughing.

What difference does it make? Even if you get Obamacare-your doctor won't accept the plan!

lostand confused says

What difference does it make? Even if you get Obamacare-your doctor won't accept the plan!

They don't need doctors. They need insurance.

Call it Crazy says

Strategist says

lostand confused says

What difference does it make? Even if you get Obamacare-your doctor won't accept the plan!

They don't need doctors. They need insurance.

Huh???? Why would you need insurance if it isn't accepted by anyone??

It's called sarcasm.

Call it Crazy says

Nice... Looks like the illegals DO get Obamacare insurance after all...

..."About 1.2 million have discrepancies related to income; 505,000 have issues with immigration data and 461,000 have conflicts related to citizenship information."

Nice try, but probably not:

http://www.newrepublic.com/article/117994/obamacare-enrollment-data-2-million-inconsistencies-not-big-deal

So far, Administration officials say, the vast majority of immigration discrepancies they are seeing turn out to be paperwork issues—an applicant submitted an expired document, for example, or one letter was incorrect in the spelling of somebody's name.
...
Among other things, they note, it's a felony to lie on the Affordable Care Act application and most people are unlikely to risk the consequences. (Immigrants, in particular, would fear deportation; convincing even legal and eligible immigrants to apply for insurance is often a struggle for that very reason.)

As the article says overall, nothing to see here, move along. With as many systems as are being pulled together, it's entirely possible that a record doesn't match exactly somewhere along the chain (e.g. middle name in one, not in the other, name misspelled somewhere, address on your W2 doesn't match exactly, etc.). Something similar happens sometimes when you try to port your cell phone number from one carrier to another, but this is on a larger scale, obviously.

Honestly, does the main street opinion does even matter?

That 25% is 1. realtors 2. builders who employ illegals 3. underwater people.

I'm part of the two in five.
Home prices are too low.
Loan standards are too tight.
They better get their act together or we all sink.

corntrollio says

As the article says overall, nothing to see here, move along. With as many systems as are being pulled together, it's entirely possible that a record doesn't match exactly somewhere along the chain (e.g. middle name in one, not in the other, name misspelled somewhere, address on your W2 doesn't match exactly, etc.). Something similar happens sometimes when you try to port your cell phone number from one carrier to another, but this is on a larger scale, obviously.

That's how bureaucrats work:
One person screws up.
Two people discover it.
5 people fix it, only to screw up again.

Nice web site Mr. Anderson. I like that skull.

In my opinion they are all crooks and they'll never say it's "offshoring" and "race to the bottom" or the fact that all the money just concentrates at the top in the current system. They are too busy making money by screwing the middle class out of it.

They even built a nice NSA spying system for the 1% to keep tabs on all of us. In case we peasants start to revolt, so they could know it in advance, and Guantanamo those who are not happy with the regime. What a bunch of Stalinists.

Dear God, this is terrible.

This is great news for gold prices! BUY MOAR GOLD NOW!!

The libertarian readership of Kitco, fresh from failing to comprehend the Federal Reserve, interest rates, and bonds, should broaden their minds by discomprehending chemistry and physics.

Can I still get my Hurricane Katrina relief money?

1) no, the Fed will continue QE. Any attempt to halt it will prompt dire predictions of economic catastrophe by the bankers who are profiting from the give away. Where can I get the deal to rent money for free that I can charge other people interest to loan from me?
2) yes, housing has become too big to fail.
3)and they still won't be able to afford to buy homes. Homes in desirable areas will continue to be bought by wealthy speculators seeking rentier income.
4) Gold will rise, slowly at first, then escalate suddenly when the overinflated dollar drops due to being less and less of a world currency.
5) Bonds will possibly go negative.
6) yes
7) no, deficits may decrease a little at first, but they'll increase again once the second longer recession hits. Once the national debt reaches 50 trillion, creditors will put the US into receivership, the value of the dollar will drop off a cliff, and land and resources will be the things to own, not dollars.

HuggyBumbers McLovkins says

The libertarian readership of Kitco, fresh from failing to comprehend the Federal Reserve, interest rates, and bonds, should broaden their minds by discomprehending chemistry and physics.

If Jesus allows microwaves to convert base metals into gold, thus it shall be.

[also, bonds has a double-meaning there!]