[MBZ] Secret Message For Dan P
The eagle flew out this afternoon... Rick ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
[MBZ] Secret message for Dan
The Eagle has landed, Thanks! -- Max Dillon Charleston SC '87 300TD '95 E300 ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] Secret message for Dan
Dan wrote: We know a former neighbor who was in her foreclosed home for over five years. Attaboy. We all gotta find out how to do that. It won't help my rent, but... mao ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor.
Re: [MBZ] Secret message for Dan
I was told by a realtor friend that the banks don't like to foreclose because then the bad asset moves to some other category and it makes the bank look bad in audits or whatever, so they just let them ride without moving on the foreclosure. I don't know how that all works, but it sorta makes sense. --R On 2/3/15 5:38 AM, Dan Penoff via Mercedes wrote: We know a former neighbor who was in her foreclosed home for over five years. She moved out and her ex-husband moved in a couple of months ago. The bank still hasn't foreclosed on them. I get giddy thinking of what I could do with five years of no house payments. Dan Sent from my iPad On Feb 2, 2015, at 5:52 PM, Rick Knoble via Mercedes mercedes@okiebenz.com wrote: Original Message From: Dan Penoff via Mercedes Sent: Monday, February 2, 2015 4:36 PM To: Mercedes List Reply To: Dan Penoff Subject: Re: [MBZ] Secret message for Dan Yabbut the worst part is that things like mortgage interest, a pretty decent deduction, is trending down as I pay off my house. Yet - as I get older I make more money Almost seems designed that way... I’ve got some credit card balances I’m thinking about taking a second mortgage out for to cut the interest cost and make the interest deductible…. Mortgage interest deduction is a scam. On every dollar in interest you pay, you deduct 28 cents from your tax bill. The only ones making out are the banks. Spend a dollar, get 28 cents back. Better odds at a casino. Pay the house off, and be done. OR Rent it out, buy a multi-million dollar mansion, don't make a payment, and wait to see if the bank ever throws you out. I have read a lot of stories about banks not foreclosing for various reasons. Rick Sent from my BlackBerry Z10 ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor.
Re: [MBZ] Secret message for Dan
There are lots of foreclosed properties even in affluent parts of the DC area. How does this play out if you purchase one of these homes and need to evict the homeowner/tenant/squatter? On Tue, Feb 3, 2015 at 10:39 AM, Rich Thomas via Mercedes mercedes@okiebenz.com wrote: I was told by a realtor friend that the banks don't like to foreclose because then the bad asset moves to some other category and it makes the bank look bad in audits or whatever, so they just let them ride without moving on the foreclosure. I don't know how that all works, but it sorta makes sense. --R On 2/3/15 5:38 AM, Dan Penoff via Mercedes wrote: We know a former neighbor who was in her foreclosed home for over five years. She moved out and her ex-husband moved in a couple of months ago. The bank still hasn't foreclosed on them. I get giddy thinking of what I could do with five years of no house payments. Dan Sent from my iPad On Feb 2, 2015, at 5:52 PM, Rick Knoble via Mercedes mercedes@okiebenz.com wrote: Original Message From: Dan Penoff via Mercedes Sent: Monday, February 2, 2015 4:36 PM To: Mercedes List Reply To: Dan Penoff Subject: Re: [MBZ] Secret message for Dan Yabbut the worst part is that things like mortgage interest, a pretty decent deduction, is trending down as I pay off my house. Yet - as I get older I make more money Almost seems designed that way... I’ve got some credit card balances I’m thinking about taking a second mortgage out for to cut the interest cost and make the interest deductible…. Mortgage interest deduction is a scam. On every dollar in interest you pay, you deduct 28 cents from your tax bill. The only ones making out are the banks. Spend a dollar, get 28 cents back. Better odds at a casino. Pay the house off, and be done. OR Rent it out, buy a multi-million dollar mansion, don't make a payment, and wait to see if the bank ever throws you out. I have read a lot of stories about banks not foreclosing for various reasons. Rick Sent from my BlackBerry Z10 ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor.
Re: [MBZ] Secret message for Dan
I have heard similar stories in that if the properties are foreclosed the true value will appear on their balance sheet, devaluing their assets significantly. There are also procedural issues in some states, Florida being one of those. This isn't the first multi-year foreclosure we know of. There was one in our old neighborhood (as was the original one I mentioned) two doors down from our old house that was in foreclosure for over four years. We contacted the lender about purchasing it and they were totally noncommittal about selling, closing it out, etc. Dan Sent from my iPad On Feb 3, 2015, at 10:39 AM, Rich Thomas via Mercedes mercedes@okiebenz.com wrote: I was told by a realtor friend that the banks don't like to foreclose because then the bad asset moves to some other category and it makes the bank look bad in audits or whatever, so they just let them ride without moving on the foreclosure. I don't know how that all works, but it sorta makes sense. --R ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor.
Re: [MBZ] Secret message for Dan
How comforting that Obama can be blamed for everything bad that's happened in the USA since 1/20/2009. As Ross Perot would say, It's just tthat simple: On Tue, Feb 3, 2015 at 10:58 AM, Rich Thomas via Mercedes mercedes@okiebenz.com wrote: There were/are a bunch on Kiawah too, a lot of the swells got a bit overextended in the Obamaconomy and quit paying the nut on their $1M+ swankiendas. Most of them probably didn't actually spend much time there, these were 1%er trophy casitas, so ejecting them was not likely a problem. They also kept all that very hushhush on the island, not wanting to tarnish the Kiawah brand. But if you need to get them out, a sheriff can help after the proper notices and such. In DC, the squatter probably has more rights than the new owner though, so YMMV. When we bought our house up near Boston, the PO left one of his loser kids there, we had to encourage him to leave in fairly emphatic terms, once discerning he was still alive and semi-functional. --R On 2/3/15 10:41 AM, Andrew Strasfogel wrote: There are lots of foreclosed properties even in affluent parts of the DC area. How does this play out if you purchase one of these homes and need to evict the homeowner/tenant/squatter? On Tue, Feb 3, 2015 at 10:39 AM, Rich Thomas via Mercedes mercedes@okiebenz.com mailto:mercedes@okiebenz.com wrote: I was told by a realtor friend that the banks don't like to foreclose because then the bad asset moves to some other category and it makes the bank look bad in audits or whatever, so they just let them ride without moving on the foreclosure. I don't know how that all works, but it sorta makes sense. --R On 2/3/15 5:38 AM, Dan Penoff via Mercedes wrote: We know a former neighbor who was in her foreclosed home for over five years. She moved out and her ex-husband moved in a couple of months ago. The bank still hasn't foreclosed on them. I get giddy thinking of what I could do with five years of no house payments. Dan Sent from my iPad On Feb 2, 2015, at 5:52 PM, Rick Knoble via Mercedes mercedes@okiebenz.com mailto:mercedes@okiebenz.com wrote: Original Message From: Dan Penoff via Mercedes Sent: Monday, February 2, 2015 4:36 PM To: Mercedes List Reply To: Dan Penoff Subject: Re: [MBZ] Secret message for Dan Yabbut the worst part is that things like mortgage interest, a pretty decent deduction, is trending down as I pay off my house. Yet - as I get older I make more money Almost seems designed that way... I’ve got some credit card balances I’m thinking about taking a second mortgage out for to cut the interest cost and make the interest deductible…. Mortgage interest deduction is a scam. On every dollar in interest you pay, you deduct 28 cents from your tax bill. The only ones making out are the banks. Spend a dollar, get 28 cents back. Better odds at a casino. Pay the house off, and be done. OR Rent it out, buy a multi-million dollar mansion, don't make a payment, and wait to see if the bank ever throws you out. I have read a lot of stories about banks not foreclosing for various reasons. Rick Sent from my BlackBerry Z10 ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_ okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo
Re: [MBZ] Secret message for Dan
There were/are a bunch on Kiawah too, a lot of the swells got a bit overextended in the Obamaconomy and quit paying the nut on their $1M+ swankiendas. Most of them probably didn't actually spend much time there, these were 1%er trophy casitas, so ejecting them was not likely a problem. They also kept all that very hushhush on the island, not wanting to tarnish the Kiawah brand. But if you need to get them out, a sheriff can help after the proper notices and such. In DC, the squatter probably has more rights than the new owner though, so YMMV. When we bought our house up near Boston, the PO left one of his loser kids there, we had to encourage him to leave in fairly emphatic terms, once discerning he was still alive and semi-functional. --R On 2/3/15 10:41 AM, Andrew Strasfogel wrote: There are lots of foreclosed properties even in affluent parts of the DC area. How does this play out if you purchase one of these homes and need to evict the homeowner/tenant/squatter? On Tue, Feb 3, 2015 at 10:39 AM, Rich Thomas via Mercedes mercedes@okiebenz.com mailto:mercedes@okiebenz.com wrote: I was told by a realtor friend that the banks don't like to foreclose because then the bad asset moves to some other category and it makes the bank look bad in audits or whatever, so they just let them ride without moving on the foreclosure. I don't know how that all works, but it sorta makes sense. --R On 2/3/15 5:38 AM, Dan Penoff via Mercedes wrote: We know a former neighbor who was in her foreclosed home for over five years. She moved out and her ex-husband moved in a couple of months ago. The bank still hasn't foreclosed on them. I get giddy thinking of what I could do with five years of no house payments. Dan Sent from my iPad On Feb 2, 2015, at 5:52 PM, Rick Knoble via Mercedes mercedes@okiebenz.com mailto:mercedes@okiebenz.com wrote: Original Message From: Dan Penoff via Mercedes Sent: Monday, February 2, 2015 4:36 PM To: Mercedes List Reply To: Dan Penoff Subject: Re: [MBZ] Secret message for Dan Yabbut the worst part is that things like mortgage interest, a pretty decent deduction, is trending down as I pay off my house. Yet - as I get older I make more money Almost seems designed that way... I’ve got some credit card balances I’m thinking about taking a second mortgage out for to cut the interest cost and make the interest deductible…. Mortgage interest deduction is a scam. On every dollar in interest you pay, you deduct 28 cents from your tax bill. The only ones making out are the banks. Spend a dollar, get 28 cents back. Better odds at a casino. Pay the house off, and be done. OR Rent it out, buy a multi-million dollar mansion, don't make a payment, and wait to see if the bank ever throws you out. I have read a lot of stories about banks not foreclosing for various reasons. Rick Sent from my BlackBerry Z10 ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor. ___ http://www.okiebenz.com To search
Re: [MBZ] Secret message for Dan
In Florida if the property is foreclosed on and there are residents the sheriff will evict them. Dan Sent from my iPad On Feb 3, 2015, at 10:41 AM, Andrew Strasfogel via Mercedes mercedes@okiebenz.com wrote: There are lots of foreclosed properties even in affluent parts of the DC area. How does this play out if you purchase one of these homes and need to evict the homeowner/tenant/squatter? ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor.
Re: [MBZ] Secret message for Dan
It was not any sort of blame, just pointing out the concurrency of events. Every president gets the [president]oconomics label. Reaganomics, Clintonomics, Busheconomonomics, etc. Interesting though that you see it as blame. Being closer to it all, I guess you have a better sense of it. --R On 2/3/15 11:05 AM, Andrew Strasfogel wrote: How comforting that Obama can be blamed for everything bad that's happened in the USA since 1/20/2009. As Ross Perot would say, It's just tthat simple: On Tue, Feb 3, 2015 at 10:58 AM, Rich Thomas via Mercedes mercedes@okiebenz.com mailto:mercedes@okiebenz.com wrote: There were/are a bunch on Kiawah too, a lot of the swells got a bit overextended in the Obamaconomy and quit paying the nut on their $1M+ swankiendas. Most of them probably didn't actually spend much time there, these were 1%er trophy casitas, so ejecting them was not likely a problem. They also kept all that very hushhush on the island, not wanting to tarnish the Kiawah brand. But if you need to get them out, a sheriff can help after the proper notices and such. In DC, the squatter probably has more rights than the new owner though, so YMMV. When we bought our house up near Boston, the PO left one of his loser kids there, we had to encourage him to leave in fairly emphatic terms, once discerning he was still alive and semi-functional. --R On 2/3/15 10:41 AM, Andrew Strasfogel wrote: There are lots of foreclosed properties even in affluent parts of the DC area. How does this play out if you purchase one of these homes and need to evict the homeowner/tenant/squatter? On Tue, Feb 3, 2015 at 10:39 AM, Rich Thomas via Mercedes mercedes@okiebenz.com mailto:mercedes@okiebenz.com mailto:mercedes@okiebenz.com mailto:mercedes@okiebenz.com wrote: I was told by a realtor friend that the banks don't like to foreclose because then the bad asset moves to some other category and it makes the bank look bad in audits or whatever, so they just let them ride without moving on the foreclosure. I don't know how that all works, but it sorta makes sense. --R On 2/3/15 5:38 AM, Dan Penoff via Mercedes wrote: We know a former neighbor who was in her foreclosed home for over five years. She moved out and her ex-husband moved in a couple of months ago. The bank still hasn't foreclosed on them. I get giddy thinking of what I could do with five years of no house payments. Dan Sent from my iPad On Feb 2, 2015, at 5:52 PM, Rick Knoble via Mercedes mercedes@okiebenz.com mailto:mercedes@okiebenz.com mailto:mercedes@okiebenz.com mailto:mercedes@okiebenz.com wrote: Original Message From: Dan Penoff via Mercedes Sent: Monday, February 2, 2015 4:36 PM To: Mercedes List Reply To: Dan Penoff Subject: Re: [MBZ] Secret message for Dan Yabbut the worst part is that things like mortgage interest, a pretty decent deduction, is trending down as I pay off my house. Yet - as I get older I make more money Almost seems designed that way... I’ve got some credit card balances I’m thinking about taking a second mortgage out for to cut the interest cost and make the interest deductible…. Mortgage interest deduction is a scam. On every dollar in interest you pay, you deduct 28 cents from your tax bill. The only ones making out are the banks. Spend a dollar, get 28 cents back. Better odds at a casino. Pay the house off, and be done. OR Rent it out, buy a multi-million dollar mansion, don't make a payment, and wait to see if the bank ever throws you out. I have read a lot of stories about banks not foreclosing for various reasons. Rick Sent from my BlackBerry Z10 ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] Secret message for Dan
It's a reflexive throwaway line that you almost always insert, gratuitously, to account for Bad Economic News. On Tue, Feb 3, 2015 at 11:17 AM, Rich Thomas via Mercedes mercedes@okiebenz.com wrote: It was not any sort of blame, just pointing out the concurrency of events. Every president gets the [president]oconomics label. Reaganomics, Clintonomics, Busheconomonomics, etc. Interesting though that you see it as blame. Being closer to it all, I guess you have a better sense of it. --R On 2/3/15 11:05 AM, Andrew Strasfogel wrote: How comforting that Obama can be blamed for everything bad that's happened in the USA since 1/20/2009. As Ross Perot would say, It's just tthat simple: On Tue, Feb 3, 2015 at 10:58 AM, Rich Thomas via Mercedes mercedes@okiebenz.com mailto:mercedes@okiebenz.com wrote: There were/are a bunch on Kiawah too, a lot of the swells got a bit overextended in the Obamaconomy and quit paying the nut on their $1M+ swankiendas. Most of them probably didn't actually spend much time there, these were 1%er trophy casitas, so ejecting them was not likely a problem. They also kept all that very hushhush on the island, not wanting to tarnish the Kiawah brand. But if you need to get them out, a sheriff can help after the proper notices and such. In DC, the squatter probably has more rights than the new owner though, so YMMV. When we bought our house up near Boston, the PO left one of his loser kids there, we had to encourage him to leave in fairly emphatic terms, once discerning he was still alive and semi-functional. --R On 2/3/15 10:41 AM, Andrew Strasfogel wrote: There are lots of foreclosed properties even in affluent parts of the DC area. How does this play out if you purchase one of these homes and need to evict the homeowner/tenant/squatter? On Tue, Feb 3, 2015 at 10:39 AM, Rich Thomas via Mercedes mercedes@okiebenz.com mailto:mercedes@okiebenz.com mailto:mercedes@okiebenz.com mailto:mercedes@okiebenz.com wrote: I was told by a realtor friend that the banks don't like to foreclose because then the bad asset moves to some other category and it makes the bank look bad in audits or whatever, so they just let them ride without moving on the foreclosure. I don't know how that all works, but it sorta makes sense. --R On 2/3/15 5:38 AM, Dan Penoff via Mercedes wrote: We know a former neighbor who was in her foreclosed home for over five years. She moved out and her ex-husband moved in a couple of months ago. The bank still hasn't foreclosed on them. I get giddy thinking of what I could do with five years of no house payments. Dan Sent from my iPad On Feb 2, 2015, at 5:52 PM, Rick Knoble via Mercedes mercedes@okiebenz.com mailto:mercedes@okiebenz.com mailto:mercedes@okiebenz.com mailto:mercedes@okiebenz.com wrote: Original Message From: Dan Penoff via Mercedes Sent: Monday, February 2, 2015 4:36 PM To: Mercedes List Reply To: Dan Penoff Subject: Re: [MBZ] Secret message for Dan Yabbut the worst part is that things like mortgage interest, a pretty decent deduction, is trending down as I pay off my house. Yet - as I get older I make more money Almost seems designed that way... I’ve got some credit card balances I’m thinking about taking a second mortgage out for to cut the interest cost and make the interest deductible…. Mortgage interest deduction is a scam. On every dollar in interest you pay, you deduct 28 cents from your tax bill. The only ones making out are the banks. Spend a dollar, get 28 cents back. Better odds at a casino. Pay the house off, and be done. OR Rent it out, buy a multi-million dollar mansion, don't make a payment, and wait to see if the bank ever throws you out. I have read a lot of stories about banks not foreclosing for various reasons. Rick Sent from my BlackBerry Z10
Re: [MBZ] Secret message for Dan
It's not just banks. We have neighbors living in a USDA loan house who haven't made a house payment in years. It would be interesting to know just how common this (unexecuted foreclosures) is in the US. I suspect there is a great deal being swept under the rug these days. IMO, this is not unlike the fake financial representations that started the mess in 2008. -Original Message- From: Mercedes [mailto:mercedes-boun...@okiebenz.com] On Behalf Of Dan Penoff via Mercedes Sent: Tuesday, February 03, 2015 5:38 AM To: Mercedes Discussion List Subject: Re: [MBZ] Secret message for Dan We know a former neighbor who was in her foreclosed home for over five years. She moved out and her ex-husband moved in a couple of months ago. The bank still hasn't foreclosed on them. I get giddy thinking of what I could do with five years of no house payments. Dan Sent from my iPad ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor.
Re: [MBZ] Secret message for Dan
Over $18,000,000,000,000 in debt now. We'll probably be over $20 trillion before the next president takes office. When interest rates normalize (4.5% or more), we will pay around $1 trillion / year in interest, maybe more. I have a hard time seeing how this can continue for the rest of my lifetime without drastic measures. Higher taxes are coming, you can bet on it... -- Max Dillon Charleston, SC On February 3, 2015 4:11:23 PM EST, clay via Mercedes mercedes@okiebenz.com wrote: Budget of $2.9tn in 2009 Jacked up budget to almost $4 trillion for this year ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor.
Re: [MBZ] Secret message for Dan
Budget of $2.9tn in 2009 Jacked up budget to almost $4 trillion for this year Millions of citizens still suffering from the economic downfall. More of them feeding the greedy insurance companies. Fewer doctors available to treat patients. Fewer healthcare facilities able to service the increased demand. Appointments going from a week out to six weeks out. Looks like osamacare is canadian healthcare of UK NHS. Are we better than we were eight years ago? Not that I can see, nor can those I work with. Unemployment has actually gone up this past quarter. Taxes are going up as well. clay On Feb 3, 2015, at 8:22 AM, Andrew Strasfogel via Mercedes wrote: It's a reflexive throwaway line that you almost always insert, gratuitously, to account for Bad Economic News. On Tue, Feb 3, 2015 at 11:17 AM, Rich Thomas via Mercedes mercedes@okiebenz.com wrote: It was not any sort of blame, just pointing out the concurrency of events. Every president gets the [president]oconomics label. Reaganomics, Clintonomics, Busheconomonomics, etc. Interesting though that you see it as blame. Being closer to it all, I guess you have a better sense of it. --R On 2/3/15 11:05 AM, Andrew Strasfogel wrote: How comforting that Obama can be blamed for everything bad that's happened in the USA since 1/20/2009. As Ross Perot would say, It's just tthat simple: On Tue, Feb 3, 2015 at 10:58 AM, Rich Thomas via Mercedes mercedes@okiebenz.com mailto:mercedes@okiebenz.com wrote: There were/are a bunch on Kiawah too, a lot of the swells got a bit overextended in the Obamaconomy and quit paying the nut on their $1M+ swankiendas. Most of them probably didn't actually spend much time there, these were 1%er trophy casitas, so ejecting them was not likely a problem. They also kept all that very hushhush on the island, not wanting to tarnish the Kiawah brand. But if you need to get them out, a sheriff can help after the proper notices and such. In DC, the squatter probably has more rights than the new owner though, so YMMV. When we bought our house up near Boston, the PO left one of his loser kids there, we had to encourage him to leave in fairly emphatic terms, once discerning he was still alive and semi-functional. --R On 2/3/15 10:41 AM, Andrew Strasfogel wrote: There are lots of foreclosed properties even in affluent parts of the DC area. How does this play out if you purchase one of these homes and need to evict the homeowner/tenant/squatter? On Tue, Feb 3, 2015 at 10:39 AM, Rich Thomas via Mercedes mercedes@okiebenz.com mailto:mercedes@okiebenz.com mailto:mercedes@okiebenz.com mailto:mercedes@okiebenz.com wrote: I was told by a realtor friend that the banks don't like to foreclose because then the bad asset moves to some other category and it makes the bank look bad in audits or whatever, so they just let them ride without moving on the foreclosure. I don't know how that all works, but it sorta makes sense. --R On 2/3/15 5:38 AM, Dan Penoff via Mercedes wrote: We know a former neighbor who was in her foreclosed home for over five years. She moved out and her ex-husband moved in a couple of months ago. The bank still hasn't foreclosed on them. I get giddy thinking of what I could do with five years of no house payments. Dan Sent from my iPad On Feb 2, 2015, at 5:52 PM, Rick Knoble via Mercedes mercedes@okiebenz.com mailto:mercedes@okiebenz.com mailto:mercedes@okiebenz.com mailto:mercedes@okiebenz.com wrote: Original Message From: Dan Penoff via Mercedes Sent: Monday, February 2, 2015 4:36 PM To: Mercedes List Reply To: Dan Penoff Subject: Re: [MBZ] Secret message for Dan Yabbut the worst part is that things like mortgage interest, a pretty decent deduction, is trending down as I pay off my house. Yet - as I get older I make more money Almost seems designed that way... I’ve got some credit card balances I’m thinking about taking a second mortgage out for to cut the interest cost and make the interest deductible…. Mortgage interest deduction is a scam. On every dollar in interest you pay, you deduct 28 cents from your tax bill
Re: [MBZ] Secret message for Dan
True, but I won't be paying the 12% interest on the debt and I'll be getting some benefit (albeit minor) from the tax deduction. Dan Sent from my iPad On Feb 2, 2015, at 6:10 PM, Rich Thomas via Mercedes mercedes@okiebenz.com wrote: You should feel good to support the smart investments that your tax money is used for! If you take out a second mortgage or something like that, rates are very low now (4%) so the interest deduction won't be that much. --R On 2/2/15 5:36 PM, Dan Penoff via Mercedes wrote: Yabbut the worst part is that things like mortgage interest, a pretty decent deduction, is trending down as I pay off my house. Yet - as I get older I make more money (I’m not complaining about that, mind you!) I’ve got some credit card balances I’m thinking about taking a second mortgage out for to cut the interest cost and make the interest deductible…. Dan On Feb 2, 2015, at 5:21 PM, Rick Knoble via Mercedes mercedes@okiebenz.com wrote: Welcome to the middle class in the 21st century. For a shooting analogy, it seems every time the government aims it's tax at the rich, the shot drops and squarely hits the middle class. Rick Sent from my BlackBerry Z10 ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor.
Re: [MBZ] Secret message for Dan
We know a former neighbor who was in her foreclosed home for over five years. She moved out and her ex-husband moved in a couple of months ago. The bank still hasn't foreclosed on them. I get giddy thinking of what I could do with five years of no house payments. Dan Sent from my iPad On Feb 2, 2015, at 5:52 PM, Rick Knoble via Mercedes mercedes@okiebenz.com wrote: Original Message From: Dan Penoff via Mercedes Sent: Monday, February 2, 2015 4:36 PM To: Mercedes List Reply To: Dan Penoff Subject: Re: [MBZ] Secret message for Dan Yabbut the worst part is that things like mortgage interest, a pretty decent deduction, is trending down as I pay off my house. Yet - as I get older I make more money Almost seems designed that way... I’ve got some credit card balances I’m thinking about taking a second mortgage out for to cut the interest cost and make the interest deductible…. Mortgage interest deduction is a scam. On every dollar in interest you pay, you deduct 28 cents from your tax bill. The only ones making out are the banks. Spend a dollar, get 28 cents back. Better odds at a casino. Pay the house off, and be done. OR Rent it out, buy a multi-million dollar mansion, don't make a payment, and wait to see if the bank ever throws you out. I have read a lot of stories about banks not foreclosing for various reasons. Rick Sent from my BlackBerry Z10 ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor.
Re: [MBZ] Secret message for Dan
No shooting. Between having to pop for 18 hours of tuition and a substantial IRS bill that looms in April, I’m hanging on to as much of my disposable income as I can for now. I’m trying to figure out how I’m going to avoid an even larger IRS bill in the future as I lose the youngster’s status as a dependent and the education credits. What’s worse is that a lot of my deductions have actually decreased and will continue to as our income increases. Guess it’s time for “additional withholding”…..ouch. Dan On Feb 1, 2015, at 9:32 PM, Curly McLain via Mercedes mercedes@okiebenz.com wrote: FYI Cabela's Onyx Beretta hasn't offered the Onyx model in years, but, now, Cabela's has resurrected it. The shotgun is offered in a sporting version, trap gun, and field gun. It has the standard features of any other Beretta over/under with a low profile and strong action. It's a handsome gun with a black anodized receiver and an upper mid-grade walnut stock. The gun sells for about $2,500. How's the shootin going? ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor.
Re: [MBZ] Secret message for Dan
I've been doing that for years, as DINKs (dual income, no kids) we get screwed... This year I'm experimenting with using the amount I would have withheld for charitable contributions. Specifically the Project for Awesome. -Curt From: Dan Penoff via Mercedes mercedes@okiebenz.com To: Mercedes List mercedes@okiebenz.com Sent: Monday, February 2, 2015 5:14 PM Subject: Re: [MBZ] Secret message for Dan No shooting. Between having to pop for 18 hours of tuition and a substantial IRS bill that looms in April, I’m hanging on to as much of my disposable income as I can for now. I’m trying to figure out how I’m going to avoid an even larger IRS bill in the future as I lose the youngster’s status as a dependent and the education credits. What’s worse is that a lot of my deductions have actually decreased and will continue to as our income increases. Guess it’s time for “additional withholding”…..ouch. Dan On Feb 1, 2015, at 9:32 PM, Curly McLain via Mercedes mercedes@okiebenz.com wrote: FYI Cabela's Onyx Beretta hasn't offered the Onyx model in years, but, now, Cabela's has resurrected it. The shotgun is offered in a sporting version, trap gun, and field gun. It has the standard features of any other Beretta over/under with a low profile and strong action. It's a handsome gun with a black anodized receiver and an upper mid-grade walnut stock. The gun sells for about $2,500. How's the shootin going? ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor.
Re: [MBZ] Secret message for Dan
Original Message From: Dan Penoff via Mercedes Subject: Re: [MBZ] Secret message for Dan No shooting. snip I’m trying to figure out how I’m going to avoid an even larger IRS bill in the future as I lose the youngster’s status as a dependent and the education credits. What’s worse is that a lot of my deductions have actually decreased and will continue to as our income increases. Welcome to the middle class in the 21st century. For a shooting analogy, it seems every time the government aims it's tax at the rich, the shot drops and squarely hits the middle class. Rick Sent from my BlackBerry Z10 ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor.
Re: [MBZ] Secret message for Dan
Yabbut the worst part is that things like mortgage interest, a pretty decent deduction, is trending down as I pay off my house. Yet - as I get older I make more money (I’m not complaining about that, mind you!) I’ve got some credit card balances I’m thinking about taking a second mortgage out for to cut the interest cost and make the interest deductible…. Dan On Feb 2, 2015, at 5:21 PM, Rick Knoble via Mercedes mercedes@okiebenz.com wrote: Welcome to the middle class in the 21st century. For a shooting analogy, it seems every time the government aims it's tax at the rich, the shot drops and squarely hits the middle class. Rick Sent from my BlackBerry Z10 ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor.
Re: [MBZ] Secret message for Dan
Original Message From: Dan Penoff via Mercedes Sent: Monday, February 2, 2015 4:36 PM To: Mercedes List Reply To: Dan Penoff Subject: Re: [MBZ] Secret message for Dan Yabbut the worst part is that things like mortgage interest, a pretty decent deduction, is trending down as I pay off my house. Yet - as I get older I make more money Almost seems designed that way... I’ve got some credit card balances I’m thinking about taking a second mortgage out for to cut the interest cost and make the interest deductible…. Mortgage interest deduction is a scam. On every dollar in interest you pay, you deduct 28 cents from your tax bill. The only ones making out are the banks. Spend a dollar, get 28 cents back. Better odds at a casino. Pay the house off, and be done. OR Rent it out, buy a multi-million dollar mansion, don't make a payment, and wait to see if the bank ever throws you out. I have read a lot of stories about banks not foreclosing for various reasons. Rick Sent from my BlackBerry Z10 ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor.
Re: [MBZ] Secret message for Dan
You should feel good to support the smart investments that your tax money is used for! If you take out a second mortgage or something like that, rates are very low now (4%) so the interest deduction won't be that much. --R On 2/2/15 5:36 PM, Dan Penoff via Mercedes wrote: Yabbut the worst part is that things like mortgage interest, a pretty decent deduction, is trending down as I pay off my house. Yet - as I get older I make more money (I’m not complaining about that, mind you!) I’ve got some credit card balances I’m thinking about taking a second mortgage out for to cut the interest cost and make the interest deductible…. Dan On Feb 2, 2015, at 5:21 PM, Rick Knoble via Mercedes mercedes@okiebenz.com wrote: Welcome to the middle class in the 21st century. For a shooting analogy, it seems every time the government aims it's tax at the rich, the shot drops and squarely hits the middle class. Rick Sent from my BlackBerry Z10 ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor.
Re: [MBZ] Secret message for Dan
Yes i just did that with my mortgage when i finally converted it to fixed from variable rate. On Feb 2, 2015 5:36 PM, Dan Penoff via Mercedes mercedes@okiebenz.com wrote: Yabbut the worst part is that things like mortgage interest, a pretty decent deduction, is trending down as I pay off my house. Yet - as I get older I make more money (I’m not complaining about that, mind you!) I’ve got some credit card balances I’m thinking about taking a second mortgage out for to cut the interest cost and make the interest deductible…. Dan On Feb 2, 2015, at 5:21 PM, Rick Knoble via Mercedes mercedes@okiebenz.com wrote: Welcome to the middle class in the 21st century. For a shooting analogy, it seems every time the government aims it's tax at the rich, the shot drops and squarely hits the middle class. Rick Sent from my BlackBerry Z10 ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor. ___ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor.
