2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

STOCKTALK

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 : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 413.19

+1.1%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rolla Coasta who wrote (9118)	9/9/2006 5:58:44 PM
From: Maurice Winn	Read Replies (1) of 219032

It's probably wise to ensure one can keep up with likely increases in interest rates before borrowing a huge heap of money. When one buys a house, one pays cash. One is acquiring a commitment if one borrows money to "own" a house. One had better understand said commitment. When they buy an "adjustable" rate mortgage, did it not occur to them that, since interest rates were at world record lows, never seen in human history other than a couple of times, that interest rates might go, um, you know, UP? So, maybe their house will soon be back down to the price it was 3 years ago. So what? It might be 10% cheaper, but they've enjoyed paying no rent. People should take responsibility for their dopey financial decisions, not blame some guy who kindly uses his older years to run the money system the irresponsible ones choose to use [by democratic process]. Mqurice

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next