Just tidbits about money and finance.
From the category archives:
Enough Wealth asks:
When you say “I am underwater on my mortgage. I cannot possibly sell my condo right now. Renting is my best option.” Is that simply because you would make a loss by selling up (eg. have to take out a personal loan to settle the mortgage balance)?
If so, think through the option of [...]
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Hattip to Reuters Blogger Felix Salmon.
Holders of Thornburg mortages are trying to buyback their mortgages now that Thornburg has filed for Chapter 11 bankruptcy.
Fascinating. I wonder how the bankruptcy trustee will handle this. I mean, selling off the mortgages for pennies on the dollar will get the trustee cash to distribute to the creditors, but [...]
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Because it’s sure not going to help me.
I did the math on this one. Back in 2004 when I bought my condo, I was making about half of what I make now. My mortgage and HOA fees were slightly lower than they are now, but I was paying out 32% of my gross pay for [...]
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This month, I will break the six-figure barrier on my primary mortgage. Mind you, when I bought my condo 4 years ago, the mortgage was only about $108K. Most of my payments have gone towards the interest, say $6K a year. I also have the stinker of the HELOC which means I owe quite a [...]
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I just got a bank statement in the mail and I realized I have six more years to pay off about $30K on my HELOC. It’s a long story, but that’s not the original balance. It’s much more. One day when I’m in true confessions mode, I might post about it, but not now.
What really [...]
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Hate the data it contains.
As someone with a professed love for visual representations of data, I was looking at this post by real estate analyst Jonathan Miller at his real estate blog, The Matrix.
I didn’t have time to read his analysis, but scroll down and look at the maps of the US. Note the dates [...]
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I feel kind of bad. One of my friends is a mortgage broker and I told him I would give him a call after he got back from vacation about possibly refinancing.
That was a month ago. I feel like a jerk for dangling some business in front of him and then not calling.
But since that [...]
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So, how many foreclosures are you on your block?
My knitter friends and I were talking and one of them has pulled her house off the market. They were going to relocate, with with a baby on the way, they decided to stay put since the house was so hard to sell. This snowballs into another [...]
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And no, I didn’t write them. *sticks tongue out*
Aside: I am not so grouchy anymore today. Halloween was slightly more than I wished to spend, but still coming to about $38.00 including appetizer, dinner, beers, safe metro and bus rides, and then someone else buying some more cider and a shot. The conversation ended [...]
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I love the Washington City Paper. I was at the Yarn Harlot book signing event last night. As I waited for my friends to get their books signed, and deliver her a beer, I flipped through the paper and found a lovely ad on page 49.
Financial and Credit Literacy Day
Hosted by the Washington Area Community [...]
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