I was waiting for this...
Fortunately it still looks like we'll both be employed for the next year, and kindergarten is promising to be lighter on our pocketbooks than $910/month preschool. Another goal could be to save six months' mortgage expenses somewhere outside retirement.
Does anyone know what happens to privately owned mortgage lenders, like regional thrifts, who aren't dabbling in the subprime market when this happens? They'll probably have to tighten their lending standards too, but what else? They're not publicly traded.
I wonder if CDs, gold, and treasury notes and bonds are the way to accumulate cash in taxable accounts so as to pay off mortgage early. I know, "it's risky and bad planning to have too much of your net wo... Right now 49% of our net worth is tied into our principal residence. I feel bound: banks have taught me not to think I can profit i them, stocks are manipulated, bonds might be a sucker's game if they're issued by a debtor nation... what else is there to invest in?
I wonder how else I and my husband could protect our family from this. I wonder why people and companies never ever pay attention to economic cycles and history, or know what follows a boom. Have so few people ever rode a rollercoaster? Ever wonder if bank execs binge and purge or do yo-yo dieting the way they yo-yo mortgage lending requirements?
Fortunately it still looks like we'll both be employed for the next year, and kindergarten is promising to be lighter on our pocketbooks than $910/month preschool. Another goal could be to save six months' mortgage expenses somewhere outside retirement.
Does anyone know what happens to privately owned mortgage lenders, like regional thrifts, who aren't dabbling in the subprime market when this happens? They'll probably have to tighten their lending standards too, but what else? They're not publicly traded.
I wonder if CDs, gold, and treasury notes and bonds are the way to accumulate cash in taxable accounts so as to pay off mortgage early. I know, "it's risky and bad planning to have too much of your net wo... Right now 49% of our net worth is tied into our principal residence. I feel bound: banks have taught me not to think I can profit i them, stocks are manipulated, bonds might be a sucker's game if they're issued by a debtor nation... what else is there to invest in?
I wonder how else I and my husband could protect our family from this. I wonder why people and companies never ever pay attention to economic cycles and history, or know what follows a boom. Have so few people ever rode a rollercoaster? Ever wonder if bank execs binge and purge or do yo-yo dieting the way they yo-yo mortgage lending requirements?
March 14th, 2007 at 02:52 am 1173840732
I don't know what the bust will be like - inflation or deflation? One thing's for certain - Kondratieff winter is coming.