SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The coming US dollar crisis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Robin Plunder who wrote (19988)4/25/2009 1:48:40 AM
From: Gary Mohilner   of 71456
 
RP,

I made the mistake 15 months ago when a leaking roof in Tahoe brought a contractor for repairs and we did an extensive remodel which we planned to pay for after the fact with a refinance. Used cheap credit card money for payments, even my banker said it's the way to go at the time, she agreed with me that rates should be coming down.

By the time the remodel was done, 11 months later, the sky had fallen. Now we'll wait and see if the banks will ease the restrictions on investment real estate. I have plenty of equity, though not as much as I had a few years ago, but that, and the fact that I've never missed a payment doesn't seem to matter, they have rules and I'm outside their rules. To many houses.

Gary
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News