Viewing 1-5 out of 5 blog(s)
8 Reasons To Buy A Home
Date: 01/20/2012 / Category: none
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Current Grade A
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Buying a home is sometimes called the American Dream. People say it's a good long term investment and everyone knows there are tax benefits. But, how wise a decision is it? Can it be quantified? Here's the breakdown as I see it:
SAFETY
Real estate cycles can sometimes obscure the fact that buying a home on a piece of land in a decent neighborhood, with a fixed interest rate mortgage, is a safe investment. Even if you buy at a market top and sell at the next bottom, you'll come out ahead in the long run if you continue... continue reading >>
Mortgage Reform, the Tea Party, and "The Forgotten Man"
Date: 06/27/2011 / Category: none
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Current Grade A
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Is the Tea Party the Lobby for "The Forgotten Man"? It's worth a thought, at least in terms of Sumner's original definition. If it is, then mortgage reform seems like an issue that would be right in their wheelhouse. As for an agenda, here are a few items to put at the top of the list: 1) Abolish the adjustable rate mortgage. It is totally inconsistent with what a mortgage was meant to be: guaranteed monthly payments for the life of a loan on your home. There is something inherently wrong with a product that... continue reading >>Common Sense Solution to Mortgage Problems
Date: 05/30/2011 / Category: none
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Current Grade A
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In January of 2009, I came up with an idea that could solve the mortgage problems of many of the country's distressed homeowners in a timely manner at little or no taxpayer expense. I sent a 7 step plan to the Wall Street Journal, the Washington Post, financial media figures, and to officials at the Treasury Department, the Federal Reserve, and the House and Senate finance committees. No response. Perhaps my plan never made it through the filters of bureaucracy and gatekeepers to its intended recipients. Could it have worked? That would have depended on... continue reading >>Additional thoughts on the Step-rate GPM
Date: 05/27/2011 / Category: none
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Current Grade A
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In the step-rate GPM example in my Jan/Feb '09 "Contingencies" article, the ultimate interest rate is higher than all the select rates, following the pattern of the current versions of the step-rate mortgage. But, it doesn't have to be, nor should it in every case. It all comes down to the roles of incentives and inflation. In the theoretical 6% long term interest rate environment of the example, the lender subsidizes the borrower who has an incentive to refinance after the select period, assuming long term rates remain stable and there is no prepayment penalty. This may... continue reading >>
Commercial Land - Best Location in New Jersey - Partnership or Financing Available
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Over 3 acres of land on Route 22 in Hunterdon County near Somerset County line. These are the fourth and fifth wealthiest counties in America, according to the census. http://finance.yahoo.com/real-estate/article/108999/americas-richest-counties Directly across from WalMart with access to Ridge Road, leading to Route 202. Less than 10 minutes from other major area destinations such as Raritan Valley College, Bridgewater Mall, Merck, Metropolitan, and Trump National Golf Course. Because of the layout of the highway and the WalMart exits, every shopper must drive by this property, either on the way there or on the way... continue reading >>