 Re: Chapter 7 recovery
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Joined: Feb 2005
Posts: 20,096 Likes: 2
Fe Butt
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Fe Butt
Joined: Feb 2005
Posts: 20,096 Likes: 2 |
Quote:
...My daughter comes to the house and you can see her blood pressure drop and her smile get a little bigger. It becomes more than just a building for many. Its like your fort, when you were a kid. It represents an anchor, a place where you belong. A place where you are you and everybody there loves you for exactly who you are. It is where you store your memories.
Wow Ron! So, it looks like being an insurance claims adjuster isn't ENOUGH for ya nowadays, eh?!
So tell us...When did you ALSO get this new gig writin' ad copy for Century 21 Real Estate...HUH??? 
(...man!...some folks just don't know the meaning of the word "retirement", do they???!!!) 
Yep! Just like a good Single Malt Scotch, you might call me "an acquired taste" TOO.(among the many OTHER things you may care to call me, of course)
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Re: Chapter 7 recovery
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Joined: Mar 2009
Posts: 12,964
Stickman Yogi
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Stickman Yogi
Joined: Mar 2009
Posts: 12,964 |
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As I understand it you in Canada invest a sizable down payment when buying a house, like we did in the past. I am guessing you haven't had a housing bubble and don't have 9+% unemployment.
Au contraire, Mac. For years now one could get a mortgage with 0% down, although that just changed to a minimum of 5%. There's an economic downturn here too with an unemployment rate of 7.8%... not as high as you guys, but hurting nevertheless.
Live to love, love to live.
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Re: Chapter 7 recovery
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Joined: Jan 2005
Posts: 11,126 Likes: 13
Should be Riding
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Should be Riding
Joined: Jan 2005
Posts: 11,126 Likes: 13 |
Quote:
Over 1/3 of all houses are owned without a mortgage.
Count Lynn and I in that one-third.
Blowing gravel off rural roads
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Re: Chapter 7 recovery
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Joined: Jan 2005
Posts: 18,825
"Lighten up, Francis."
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"Lighten up, Francis."
Joined: Jan 2005
Posts: 18,825 |
I gotta new mortgage last year. 80% = $114k. No PMI. 4%. $709/mo. Life is good. 
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Re: Chapter 7 recovery
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Joined: Feb 2005
Posts: 20,096 Likes: 2
Fe Butt
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Fe Butt
Joined: Feb 2005
Posts: 20,096 Likes: 2 |
Quote:
Quote:
Over 1/3 of all houses are owned without a mortgage.
Count Lynn and I in that one-third.
Yeah moe?! Well congratulations!!! 
(...so tell us...which 1/3 of your house do you and Lynn own outright nowadays, huh?!)
Yep! Just like a good Single Malt Scotch, you might call me "an acquired taste" TOO.(among the many OTHER things you may care to call me, of course)
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Re: Chapter 7 recovery
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Joined: Feb 2006
Posts: 1,690
Learned Hand
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OP
Learned Hand
Joined: Feb 2006
Posts: 1,690 |
Everyone has different circumstances. This particular house has Louisiana Pacific siding on it, thats literally fallin off, and will require $16,000 to "do it right", a 2nd mortgage of over $15,000, which prevents a "short sale", and thugs walking the once calm streets at night, daring you to let your guard down. Several houses in this area are simply left empty by their owners, as it's simply throwing good money at a bad investment. How were they to know the circumstances would turn this bad, and they're lender won't work with them due to circumstances beyond their control? Someone else is in control of their lives anyway, so none of this matters. We continue to support them and help them all that we can...
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Re: Chapter 7 recovery
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Joined: Dec 2007
Posts: 593
Adjunct
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Adjunct
Joined: Dec 2007
Posts: 593 |
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I gotta new mortgage last year. 80% = $114k. No PMI. 4%. $709/mo. Life is good.
Must be nice to have house prices that low. I have a row house and its currently valued at $320,000. Average price for a single detached house in my area is $500,000.
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Re: Chapter 7 recovery
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Joined: Jan 2005
Posts: 18,825
"Lighten up, Francis."
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"Lighten up, Francis."
Joined: Jan 2005
Posts: 18,825 |
Well, it IS just a little shack. Nice big garage, though. Bought it for $75k in '99. 
Last edited by FriarJohn; 02/22/2011 6:36 PM.
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Re: Chapter 7 recovery
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Joined: Jan 2006
Posts: 7,694 Likes: 22
Monkey Butt
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Monkey Butt
Joined: Jan 2006
Posts: 7,694 Likes: 22 |
Mark there are exceptions, we have since drifted off the main topic. sorry Dwight, you didn't like my house description? 
I try to aggravate one person a day. Today may be your day.
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Re: Chapter 7 recovery
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Joined: Feb 2005
Posts: 20,096 Likes: 2
Fe Butt
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Fe Butt
Joined: Feb 2005
Posts: 20,096 Likes: 2 |
Quote:
Dwight, you didn't like my house description?
On the contrary, Ron! I thought it was VERY well written!!! 
(...IN FACT, if I didn't already own a house or two, I probably WOULD HAVE contacted my local Century 21 real estate agent and begun a house search myself, after readin' your "ad copy" there!!!)
Yep! Just like a good Single Malt Scotch, you might call me "an acquired taste" TOO.(among the many OTHER things you may care to call me, of course)
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Re: Chapter 7 recovery
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Joined: Dec 2006
Posts: 7,028 Likes: 8
New Tires
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New Tires
Joined: Dec 2006
Posts: 7,028 Likes: 8 |
Quote:
Quote:
As I understand it you in Canada invest a sizable down payment when buying a house, like we did in the past. I am guessing you haven't had a housing bubble and don't have 9+% unemployment.
Au contraire, Mac. For years now one could get a mortgage with 0% down, although that just changed to a minimum of 5%. There's an economic downturn here too with an unemployment rate of 7.8%... not as high as you guys, but hurting nevertheless.
Thanks for setting me straight on that.
Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin slitting throats.
H. L. Mencken
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Re: Chapter 7 recovery
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Joined: Jan 2006
Posts: 7,694 Likes: 22
Monkey Butt
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Monkey Butt
Joined: Jan 2006
Posts: 7,694 Likes: 22 |
Quote:
On the contrary, Ron! I thought it was VERY well written!!!
Good, now I have the write in part of the test done 
I try to aggravate one person a day. Today may be your day.
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