Recent posts

#1

Off-Topic / Re: Mortgage Payments should b...

Last post by SEWIGuy - Today at 08:18:07 AM

So if I buy a house in an area that suddenly booms, my mortgage payments would increase, and the bank would make more money? How on earth is that a good idea?

In reality what would happen is that people would be forced out of their homes.

And if you live in an area that suddenly tanks, your mortgage payments would drop.

So? I don't think the bank should be short-changed either.

#2

Off-Topic / Re: Mortgage Payments should b...

Last post by kalvado - Today at 08:15:24 AM

So, how do you view mortgage in general? Right now, it's a loan with certain financial terms - interest rate, payoff period etc. Real estate component is just backing the loan for bank's "peace of mind". Risks of property ownership are still on a borrower, abet insurance is required.
You propose to tie in real estate much deeper into the equation. Can you describe full legal framework? What are the right of the bank in this scheme?

#3

Off-Topic / Re: Black Friday could be your...

Last post by ZLoth - Today at 08:08:51 AM

Meanwhile the company probably spent $6 to make them. It's all a racket.

It's the NAND Flash memory prices that are jumping like crazy.

#4

Off-Topic / Re: Mortgage Payments should b...

Last post by kernals12 - Today at 08:05:19 AM

So if I buy a house in an area that suddenly booms, my mortgage payments would increase, and the bank would make more money? How on earth is that a good idea?

In reality what would happen is that people would be forced out of their homes.

And if you live in an area that suddenly tanks, your mortgage payments would drop.

#5

Sports / Re: Hockey

Last post by epzik8 - Today at 07:45:27 AM

To nobody's surprise, the Maple Leafs memes are in full force on Reddit this morning.

#6

Off-Topic / Re: Mortgage Payments should b...

Last post by SEWIGuy - Today at 07:37:54 AM

So if I buy a house in an area that suddenly booms, my mortgage payments would increase, and the bank would make more money? How on earth is that a good idea?

In reality what would happen is that people would be forced out of their homes.

#7

Traffic Control / Re: Most absurd VMS messages

Last post by GaryV - Today at 07:14:04 AM

One I've seen for a couple days in SE Mich (maybe slight paraphrase):

HEAT STROKE KILLS
CHECK THE BACK SEAT

Yeah, right. I forgot I had the kid with me. But I'll remember to check the back seat just in case there's a kid in there.

#8

Off-Topic / Re: Who misses the old McDonal...

Last post by GaryV - Today at 07:07:33 AM

The new-build McD's look like banks, which I'm sure they hope to sell to as branch locations as soon as the building value exceeds the burger profit.

Around here it seems like they are closing bank branches, not opening new ones.

#9

General Highway Talk / Re: Why is the Shield So Large...

Last post by epzik8 - Today at 06:56:58 AM

I would guess greater visibility if it's a more heavily-traveled intersection.

#10

Off-Topic / Re: Mortgage Payments should b...

Last post by kalvado - Today at 06:45:57 AM

Is it about balloon payment?