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Home » Discuss » Archives » General Discussion (01/01/06 through 01/22/2007) |
serryjw (1000+ posts) Send PM | Profile | Ignore | Tue May-09-06 11:24 PM Original message |
Insane.....50 year mortgage! |
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The Jacobin (820 posts) Send PM | Profile | Ignore | Tue May-09-06 11:27 PM Response to Original message |
1. Why is this insane? |
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serryjw (1000+ posts) Send PM | Profile | Ignore | Tue May-09-06 11:34 PM Response to Reply #1 |
6. Depends how you view home ownership |
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The Jacobin (820 posts) Send PM | Profile | Ignore | Tue May-09-06 11:41 PM Response to Reply #6 |
8. I think most people would say the probability is much lower. |
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serryjw (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 12:18 AM Response to Reply #8 |
20. You're assuming life does not throw you |
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Paulie (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 02:31 PM Response to Reply #20 |
52. Not all financial planners agree |
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serryjw (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 04:49 PM Response to Reply #52 |
53. That has to be the WORSE advise I have ever heard |
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Union Thug (1000+ posts) Send PM | Profile | Ignore | Tue May-09-06 11:56 PM Response to Reply #6 |
12. You nailed it - "mortgage burning parties are gone" |
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triguy46 (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 11:03 AM Response to Reply #12 |
31. I paid mine off last friday... |
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ProfessorGAC (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 12:02 PM Response to Reply #31 |
43. Beat Us By A Several Months |
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dysfunctional press (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 12:06 PM Response to Reply #31 |
45. we're doing ours next monday... |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 10:52 AM Response to Reply #6 |
24. Those would be good points |
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snooper2 (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 10:56 AM Response to Reply #24 |
27. Unless you pay extra every month |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 11:11 AM Response to Reply #27 |
34. People who need a 50 year mortgage |
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Ioo (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 11:37 AM Response to Reply #6 |
38. I have to say I think you are WAY OFF on this.. |
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Roland99 (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 11:17 PM Response to Reply #1 |
61. Discussion from last week >>>>>>>>>>> |
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Matariki (1000+ posts) Send PM | Profile | Ignore | Tue May-09-06 11:27 PM Response to Original message |
2. I remember reading about 90 year mortgages in Japan |
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Yollam (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 12:05 AM Response to Reply #2 |
16. Never heard of such a thing here... |
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seriousstan (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 01:34 AM Response to Reply #16 |
22. 100 yr leases are not unusual in the US. |
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MissB (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 10:57 AM Response to Reply #22 |
28. Yes, I've seen those around here. |
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Historic NY (1000+ posts) Send PM | Profile | Ignore | Tue May-09-06 11:27 PM Response to Original message |
3. Borrow now & die later.......... |
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Kiouni (1000+ posts) Send PM | Profile | Ignore | Tue May-09-06 11:30 PM Response to Original message |
4. considering on a |
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The Jacobin (820 posts) Send PM | Profile | Ignore | Tue May-09-06 11:35 PM Response to Reply #4 |
7. The bubble is definately in trouble. |
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Kiouni (1000+ posts) Send PM | Profile | Ignore | Tue May-09-06 11:44 PM Response to Reply #7 |
9. but looking |
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serryjw (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 12:08 AM Response to Reply #7 |
17. I strongly suggest you re-think this |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Tue May-09-06 11:32 PM Response to Original message |
5. Well, that works in a go-go real estate market |
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Lex (1000+ posts) Send PM | Profile | Ignore | Tue May-09-06 11:46 PM Response to Reply #5 |
10. I shudder to think of going into my retirement years with a mortgage |
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The Jacobin (820 posts) Send PM | Profile | Ignore | Tue May-09-06 11:49 PM Response to Reply #10 |
11. We did too. |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 10:48 AM Response to Reply #10 |
23. I wanted to refinance |
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susanna (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 10:57 PM Response to Reply #10 |
58. We did the same back in '96 (we bought in '94). |
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susanna (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 10:56 PM Response to Reply #5 |
57. I couldn't have said it better myself. |
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CoffeeCat (1000+ posts) Send PM | Profile | Ignore | Tue May-09-06 11:56 PM Response to Original message |
13. Another way for banks to encourage irresponsibility... |
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Kiouni (1000+ posts) Send PM | Profile | Ignore | Tue May-09-06 11:57 PM Response to Reply #13 |
14. I Hate those |
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CoffeeCat (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 12:08 AM Response to Reply #14 |
18. Exactly! |
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ComerPerro (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 12:12 AM Response to Reply #18 |
19. When Jesus comes back, he's gonna look at your lawn |
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ProfessorGAC (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 12:08 PM Response to Reply #19 |
46. Define Excessive |
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susanna (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 11:12 PM Response to Reply #18 |
60. LOL! As a gardener, I'm with you on that... |
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susanna (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 11:07 PM Response to Reply #13 |
59. What gets me... |
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Yollam (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 12:00 AM Response to Original message |
15. Coming soon: The 10 year car loan |
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MissB (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 10:56 AM Response to Reply #15 |
26. And didn't car loans used to be |
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jerry611 (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 11:34 AM Response to Reply #26 |
37. Rarely 3 years anymore... |
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Left Is Write (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 12:13 PM Response to Reply #37 |
49. It's never a good idea to have a car loan that outlasts the warranty. |
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ProfessorGAC (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 12:12 PM Response to Reply #15 |
48. They're Already Here |
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Wheres The Beef (64 posts) Send PM | Profile | Ignore | Wed May-10-06 12:34 AM Response to Original message |
21. Not so insane |
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MadHound (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 11:53 AM Response to Reply #21 |
41. Sorry, but I'd rather have my home paid off |
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Wheres The Beef (64 posts) Send PM | Profile | Ignore | Wed May-10-06 12:18 PM Response to Reply #41 |
51. Don't be sorry |
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MissB (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 10:55 AM Response to Original message |
25. I see mortgage offers all the time around here. |
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robcon (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 11:01 AM Response to Reply #25 |
30. Why is is a 40 or 50 year mortgage a problem? |
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TX-RAT (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 11:11 AM Response to Reply #30 |
33. I agree. |
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robcon (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 11:57 AM Response to Reply #33 |
42. Could you define the insanity. |
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TX-RAT (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 12:08 PM Response to Reply #42 |
47. paid off in 8 years (by sale of the house) |
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Left Is Write (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 12:16 PM Response to Reply #42 |
50. I'm not sure it's insanity, necessarily, but the person who sells his home |
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robcon (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 07:44 PM Response to Reply #50 |
55. Yes, of course. |
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Left Is Write (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 09:45 PM Response to Reply #55 |
56. You'll have to ask the people who called it insane. |
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Jacobin (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 11:01 AM Response to Original message |
29. Here's an example of what you would pay with a $100,000 mortgage |
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robcon (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 11:03 AM Response to Reply #29 |
32. Thanks for the info, Jacobin... |
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DaveJ (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 11:32 AM Response to Reply #32 |
36. Oh ya it's still better than renting |
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DaveJ (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 |
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jerry611 (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 11:38 AM Response to Original message |
39. Depends on the situation... |
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serryjw (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 05:01 PM Response to Reply #39 |
54. The ARM was UP |
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Wheres The Beef (64 posts) Send PM | Profile | Ignore | Wed May-10-06 11:57 PM Response to Reply #54 |
63. I'd get a new financial planner |
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serryjw (1000+ posts) Send PM | Profile | Ignore | Thu May-11-06 12:30 AM Response to Reply #63 |
64. No doubt |
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anarch (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 11:40 AM Response to Original message |
40. will any bank give me a 10,000 year mortgage? |
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HamdenRice (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 12:03 PM Response to Original message |
44. It makes perfect sense: It's not about "paying off" the mortgage |
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susanna (1000+ posts) Send PM | Profile | Ignore | Wed May-10-06 11:18 PM Response to Reply #44 |
62. Maybe I am old fashioned, but that is semi-sad. n/t |
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Home » Discuss » Archives » General Discussion (01/01/06 through 01/22/2007) |
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