Oh I will... I intend on paying both houses off and splitting time between the two in later years.houndawg wrote:So live in your house instead of trying to sell it in a down market.blueballs wrote:Yes... earned more in 07 than 08, 09, and the first 9 months of 10 combined.
The fact that FNMA and FHLMC still exist and the "financial reform bill" is named after their two biggest proponents Frank and Dodd is proof enough. "Change" has gotten us the most unreasonable underwriting requirements EVER in mortgage lending, a credit crunch unprecendented in our lifetimes, real estate values- my home (including the lot and pool) in a very good neighborhood is worth about half what it was 3 years ago and about $70k less than what it would cost to rebuild it- and the true value (adjusted for inflation) of my retirement portfolio is worth about what it was 12 years ago despite over $100k of contributions. My cost of living has risen under Obama due to increases in my health insurance premiums (thanks Obamacare) and the regulatory environment and tax structure for a business owner has gotten much worse.
He and Reid can't be voted out fast enough for me.
Nevertheless, the two biggest investments an average person or family in our country has- their home and 401-k- have lost about 10 years worth of value/appreciation under the Pelosi/Reid legislative branch while government has grown and spent at unprecendented rates.
The last five years has seen the largest transfer of wealth and power away from the individual and to the government in the history of the country. It has also seen the largest level of government borrowing and spending in the history of the country. I don't know how anybody can contend that is a good thing.
