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Reply #35: Not everyone can have a home, that's for the most fortunate [View All]

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DaveJ Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-10-06 11:15 AM
Response to Original message
35. Not everyone can have a home, that's for the most fortunate
Edited on Wed May-10-06 11:33 AM by djohnson
Nothing to worry about. Our homes and land is owned by foreign interests who own the banks. No problem here. :grr:
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  -Insane.....50 year mortgage! serryjw  May-09-06 11:24 PM   #0 
  - Why is this insane?  The Jacobin   May-09-06 11:27 PM   #1 
  - Depends how you view home ownership  serryjw   May-09-06 11:34 PM   #6 
  - I think most people would say the probability is much lower.  The Jacobin   May-09-06 11:41 PM   #8 
  - You're assuming life does not throw you  serryjw   May-10-06 12:18 AM   #20 
     - Not all financial planners agree  Paulie   May-10-06 02:31 PM   #52 
        - That has to be the WORSE advise I have ever heard  serryjw   May-10-06 04:49 PM   #53 
  - You nailed it - "mortgage burning parties are gone"  Union Thug   May-09-06 11:56 PM   #12 
  - I paid mine off last friday...  triguy46   May-10-06 11:03 AM   #31 
     - Beat Us By A Several Months  ProfessorGAC   May-10-06 12:02 PM   #43 
     - we're doing ours next monday...  QuestionAll   May-10-06 12:06 PM   #45 
  - Those would be good points  Warpy   May-10-06 10:52 AM   #24 
  - Unless you pay extra every month  snooper2   May-10-06 10:56 AM   #27 
     - People who need a 50 year mortgage  Warpy   May-10-06 11:11 AM   #34 
  - I have to say I think you are WAY OFF on this..  Ioo   May-10-06 11:37 AM   #38 
  - Discussion from last week >>>>>>>>>>>  Roland99   May-10-06 11:17 PM   #61 
  - I remember reading about 90 year mortgages in Japan  kineta   May-09-06 11:27 PM   #2 
  - Never heard of such a thing here...  Yollam   May-10-06 12:05 AM   #16 
     - 100 yr leases are not unusual in the US.  seriousstan   May-10-06 01:34 AM   #22 
        - Yes, I've seen those around here.  missb   May-10-06 10:57 AM   #28 
  - Borrow now & die later..........  Historic NY   May-09-06 11:27 PM   #3 
  - considering on a  Kiouni   May-09-06 11:30 PM   #4 
  - The bubble is definately in trouble.  The Jacobin   May-09-06 11:35 PM   #7 
     - but looking  Kiouni   May-09-06 11:44 PM   #9 
     - I strongly suggest you re-think this  serryjw   May-10-06 12:08 AM   #17 
  - Well, that works in a go-go real estate market  Warpy   May-09-06 11:32 PM   #5 
  - I shudder to think of going into my retirement years with a mortgage  Lex   May-09-06 11:46 PM   #10 
  - We did too.  The Jacobin   May-09-06 11:49 PM   #11 
  - I wanted to refinance  Warpy   May-10-06 10:48 AM   #23 
  - We did the same back in '96 (we bought in '94).  susanna   May-10-06 10:57 PM   #58 
  - I couldn't have said it better myself.  susanna   May-10-06 10:56 PM   #57 
  - Another way for banks to encourage irresponsibility...  TwoSparkles   May-09-06 11:56 PM   #13 
  - I Hate those  Kiouni   May-09-06 11:57 PM   #14 
  - Exactly!  TwoSparkles   May-10-06 12:08 AM   #18 
     - When Jesus comes back, he's gonna look at your lawn  ComerPerro   May-10-06 12:12 AM   #19 
     - Define Excessive  ProfessorGAC   May-10-06 12:08 PM   #46 
     - LOL! As a gardener, I'm with you on that...  susanna   May-10-06 11:12 PM   #60 
  - What gets me...  susanna   May-10-06 11:07 PM   #59 
  - Coming soon: The 10 year car loan  Yollam   May-10-06 12:00 AM   #15 
  - And didn't car loans used to be  missb   May-10-06 10:56 AM   #26 
  - Rarely 3 years anymore...  jerry611   May-10-06 11:34 AM   #37 
     - It's never a good idea to have a car loan that outlasts the warranty.  Left Is Write   May-10-06 12:13 PM   #49 
  - They're Already Here  ProfessorGAC   May-10-06 12:12 PM   #48 
  - Not so insane  Wheres The Beef   May-10-06 12:34 AM   #21 
  - Sorry, but I'd rather have my home paid off  MadHound   May-10-06 11:53 AM   #41 
     - Don't be sorry  Wheres The Beef   May-10-06 12:18 PM   #51 
  - I see mortgage offers all the time around here.  missb   May-10-06 10:55 AM   #25 
  - Why is is a 40 or 50 year mortgage a problem?  robcon   May-10-06 11:01 AM   #30 
     - I agree.  TX-RAT   May-10-06 11:11 AM   #33 
        - Could you define the insanity.  robcon   May-10-06 11:57 AM   #42 
           - paid off in 8 years (by sale of the house)  TX-RAT   May-10-06 12:08 PM   #47 
           - I'm not sure it's insanity, necessarily, but the person who sells his home  Left Is Write   May-10-06 12:16 PM   #50 
              - Yes, of course.  robcon   May-10-06 07:44 PM   #55 
                 - You'll have to ask the people who called it insane.  Left Is Write   May-10-06 09:45 PM   #56 
  - Here's an example of what you would pay with a $100,000 mortgage  Jacobin   May-10-06 11:01 AM   #29 
  - Thanks for the info, Jacobin...  robcon   May-10-06 11:03 AM   #32 
     - Oh ya it's still better than renting  djohnson   May-10-06 11:32 AM   #36 
  - Not everyone can have a home, that's for the most fortunate  djohnson   May-10-06 11:15 AM   #35 
  - Depends on the situation...  jerry611   May-10-06 11:38 AM   #39 
  - The ARM was UP  serryjw   May-10-06 05:01 PM   #54 
     - I'd get a new financial planner  Wheres The Beef   May-10-06 11:57 PM   #63 
        - No doubt  serryjw   May-11-06 12:30 AM   #64 
  - will any bank give me a 10,000 year mortgage?  anarch   May-10-06 11:40 AM   #40 
  - It makes perfect sense: It's not about "paying off" the mortgage  HamdenRice   May-10-06 12:03 PM   #44 
     - Maybe I am old fashioned, but that is semi-sad. n/t  susanna   May-10-06 11:18 PM   #62 
 

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