Agreed. When the housing boom was in full swing, I was working at a real estate law firm. We had people coming in all the time at the ENCOURAGEMENT of the LENDERS making ~$45k/year combined in a brand new tricked out Escalade "buying" a $350,000 home on a 40yr mortgage interest only payments with all closing costs rolled into the note. Absolutely disgusting..."for the love of money is the root of all evil."
Shook From: Sherry Abercrombie [mailto:[EMAIL PROTECTED] Sent: Friday, October 31, 2008 12:23 PM To: NT System Admin Issues Subject: Re: So... how is the recession affecting your buying decisions? Which is why so many people are in foreclosure on their homes, they bit off way more than they could afford to..... On Fri, Oct 31, 2008 at 11:17 AM, Micheal Espinola Jr <[EMAIL PROTECTED]<mailto:[EMAIL PROTECTED]>> wrote: Being in a situation where you cannot pay off all of your debt is the same as being broke in my book. I beleive that thinking otherwise is what puts so many people in financial straits. -- ME2 On Fri, Oct 31, 2008 at 12:05 PM, Chinnery, Paul <[EMAIL PROTECTED]<mailto:[EMAIL PROTECTED]>> wrote: > We're not broke. $14 trillion GDP. I don't like the size of the nat'l > debt either but it's a bit of a stretch to say we're broke. > I'm not too worried about China dumping dollars as it would inflict a > massive hit to their nat'l economy which could lead to political trouble > on a large scale. > What I do worry is the diplomatic pressure they could put on the > administration beause of holding a large share of Treasury bonds. > > > Paul Chinnery > Network Administrator > Memorial Medical Center > 231-845-2319 > > -----Original Message----- > From: Micheal Espinola Jr [mailto:[EMAIL PROTECTED]<mailto:[EMAIL PROTECTED]>] > Sent: Friday, October 31, 2008 6:23 AM > To: NT System Admin Issues > Subject: Re: So... how is the recession affecting your buying decisions? > > We are a broke nation. We need a tax increase - like it or not. Maybe > they can be lowered again if/when we have another surplus. But right now > there are nations (primarily China) who have the potential to > financially dismantle us. They promise not to, but they could. > > Talking actual "cuts" in taxes is ludicrous. > > -- > ME2 > > > > On Thu, Oct 30, 2008 at 10:08 PM, Benjamin Zachary - Lists > <[EMAIL PROTECTED]<mailto:[EMAIL PROTECTED]>> wrote: >> Wait was the tax increase at 250,000 , 200,000 or 150,000 ?? it keeps >> changing. >> >> >> >> What they ARENT mentioning is EVERYONES taxes will go up because they >> aren't renewing the Bush Tax Cut in 2010. > > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ > <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ > > > > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ > ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ -- Sherry Abercrombie "Any sufficiently advanced technology is indistinguishable from magic." Arthur C. Clarke ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
