Mortgage Sayings Quotes

We’re so wrapped up with egotistical things, career, family, having enough money, meeting the mortgage, getting a new car, fixing the radiator when it breaks—we’re involved in trillions of little acts just to keep going. So we don’t get into the habit of standing back and looking at our lives and saying, Is this all? Is this all I want? Is something missing?

One day, kid, you'll be willing to mortgage your fucking soul for somebody.” “I don't think you should say fucking around me. In case you forgot, I'm only fourteen, And news flash, dude,I've got no soul. There aren't any banks. And there isn't any currency. Ergo. Never. Going. To. Happen.” “I'm not sure you could be any more full of yourself.” I cut him a smug look. “I'm willing to try.

But anyway, I look around sometimes and I think - this will maybe sound weird - it's like the corporate world's full of ghosts. And actually, let me revise that, my parents are in academia so I've had front row seats for that horror show, I know academia's no different, so maybe a fairer way of putting this would be to say that adulthood's full of ghosts." "I'm sorry, I'm not sure I quite --" "I'm talking about these people who've ended up in one life instead of another and they are just so disappointed. Do you know what I mean? They've done what's expected of them. They want to do something different but it's impossible now, there's a mortgage, kids, whatever, they're trapped. Dan's like that." "You don't think he likes his job, then." "Correct," she said, "but I don't think he even realises it. You probably encounter people like him all the time. High-functioning sleepwalkers, essentially.

If you have to ask someone to change, to tell you they love you, to bring wine to dinner, to call you when they land, you can’t afford to be with them. It’s not worth the price, even though, just like the Tiffany catalog, no one tells you what the price is. You set it yourself, and if you’re lucky it’s reasonable. You have a sense of when you’re about to go bankrupt. Your own sense of self-worth takes the wheel and says, Enough of this shit. Stop making excuses. No one’s that busy at work. No one’s allergic to whipped cream. There are too cell phones in Sweden. But most people don’t get lucky. They get human. They get crushes. This means you irrationally mortgage what little logic you own to pay for this one thing. This relationship is an impulse buy, and you’ll figure out if it’s worth it later.

Take the years when you’re young – say, between the ages of fifteen and thirty-five, before you have a mortgage or kids or anything else that needs to be fed – and go balls out on intuition and follow your dreams. Dreams won’t always take you on a straight path to destiny, but they’re usually related to what your soul wants for you. They’ll force you to ask yourself the hard questions, they’ll kick your ass, and most importantly, they’ll turn you on.

You know, honey, Natalie's expecting her second." I arched my eyebrows at my mother, not following the change of subject. "Second what? Mortgage? Conviction? Chance at life?" "Baby of course. Her second baby. The doctor says this one's a girl." I laughed, genuinely amused that my mother thought it should have been so obvious. "Yeah. Well, I bet Natalie can't drop a Stray with a Powerhouse Right Hook.

The culture doesn't encourage you to think about such things until you're about to die. We're so wrapped up with egostical things, career, family, having enough money, meeting the mortgage, getting a new car, fixing the radiator when it breaks. We're involved in trillions of little acts just to keep going . So we don't get into the habit of standing back and looking at our lives and saying, Is this all? Is this all I want? Is something missing?

It's like the corporate world's full of ghosts … maybe a fairer way of putting this would be to say that adulthood's full of ghosts … these people who've ended up in one life instead of another and they are just so disappointed ... They've done what's expected of them. They want to do something different but it's impossible now, there's a mortgage, kids, whatever, they're trapped … High-functioning sleepwalkers, essentially.

Finally, don’t put on a Let’s Be Fair tone and say “But black people are racist too.” Because of course we’re all prejudiced (I can’t even stand some of my blood relatives, grasping, selfish folks), but racism is about the power of a group and in America it’s white folks who have that power. How? Well, white folks don’t get treated like shit in upper-class African-American communities and white folks don’t get denied bank loans or mortgages precisely because they are white and black juries don’t give white criminals worse sentences than black criminals for the same crime and black police officers don’t stop white folk for driving while white and black companies don’t choose not to hire somebody because their name sounds white and black teachers don’t tell white kids that they’re not smart enough to be doctors and black politicians don’t try some tricks to reduce the voting power of white folks through gerrymandering and advertising agencies don’t say they can’t use white models to advertise glamorous products because they are not considered “aspirational” by the “mainstream.

Best day of my life hasn't happened yet. But I know it. I see it every day. The best day of my life is the day I buy my mom a huge fucking house. And not just like out in the woods, but in the middle of Mountain Brook, with all the Weekday Warriors' parents. With all y'all's parents. And I'm not buying it with a mortgage either. I'm buying it with cash money, and I am driving my mom there, and I'm going to open her side of the car door and she'll get out and look at this house—this house is like picket fence and two stories and everything, you know—and I'm going to hand her the keys to her house and I'll say, 'Thanks.' Man, she helped fill out my application to this place. And she let me come here, and that's no easy thing when you come from where we do, to let your son go away to school. So that's the best day of my life.

My grandfather used to say ‘It is my house I am paying the bills’, my dad used to say ‘this is my house I pay the mortgage’, my generation is saying this is my house I pay the rent.

What would it mean in practice to eliminate all the 'negative people' from one's life? It might be a good move to separate from a chronically carping spouse, but it is not so easy to abandon the whiny toddler, the colicky infant, or the sullen teenager. And at the workplace, while it's probably advisable to detect and terminate those who show signs of becoming mass killers, there are other annoying people who might actually have something useful to say: the financial officer who keeps worrying about the bank's subprime mortgage exposure or the auto executive who questions the company's overinvestment in SUVs and trucks. Purge everyone who 'brings you down,' and you risk being very lonely, or, what is worse, cut off from reality.

It came down to that flexibility of a person’s mind. An ability to withstand horrors and snap back, like a fresh elastic band. A flinty mind shattered. In this way, he was glad not to be an adult. A grown-up’s mind—even one belonging to a decent man like Scoutmaster Tim—lacked that elasticity. The world had been robbed of all its mysteries, and with those mysteries went the horror. Adults didn’t believe in old wives’ tales. You didn’t see adults stepping over sidewalk cracks out of the fear that they might somehow, some way, break their mothers’ backs. They didn’t wish on stars: not with the squinty-eyed fierceness of kids, anyway. You’ll never find an adult who believes that saying “Bloody Mary” three times in front of a mirror in a dark room will summon a dark, blood-hungry entity. Adults were scared of different things: their jobs, their mortgages, whether they hung out with the “right people,” whether they would die unloved. These were pallid compared to the fears of a child—leering clowns under the bed and slimy monsters capering beyond the basement’s light and faceless sucking horrors from beyond the stars. There’s no 12-step or self-help group for dealing with those fears. Or maybe there is: you just grow up. And when you do, you surrender the nimbleness of mind required to believe in such things—but also to cope with them. And so when adults find themselves in a situation where that nimbleness is needed . . . well, they can’t summon it. So they fall to pieces: go insane, panic, suffer heart attacks and aneurysms brought on by fright. Why? They simply don’t believe it could be happening. That’s what’s different about kids: they believe everything can happen, and fully expect it to.

Because the lenders sold many—though not all—of the loans they made to other investors, in the form of mortgage bonds, the industry was also fraught with moral hazard. “It was a fast-buck business,” says Jacobs. “Any business where you can sell a product and make money without having to worry how the product performs is going to attract sleazy people.

it was slavery, then colonialism, and now we are letting economic slavery into the door. In the past, we could make the excuse that our forefathers and fathers were not in a position to know or do anything about it. We can’t say the same thing now that we don’t know what is going on. We don’t want to mortgage the future of our children for a quick-fix economic solution.

Do not hide behind such superficialities as whether you should or should not give a dime to a beggar. That is not the issue. The issue is whether you do or do not have the right to exist without giving him that dime. The issue is whether you must keep buying your life, dime by dime, from any beggar who might choose to approach you. The issue is whether the need of others is the first mortgage on your life and the moral purpose of your existence. The issue is whether man is to be regarded as a sacrificial animal. Any man of self-esteem will answer: “No.” Altruism says: “Yes.

Rest in peace'. That's not the way these accounts are kept. We don't rest in peace. The life of a good man who has died belongs to the people who cared about him, and ought to, and maybe itself is as much comfort as ought to be asked or offered. And surely the talk of a reunion in Heaven is thin comfort to people who need each other here as much as we do. I ain't saying I don't believe there's a Heaven. I surely hope there is. That surely would pay off a lot of mortgages. But I do say it ain't easy to believe. And even while I hope for it, I've got to admit I'd rather go to Port William.

Our culture doesn't encourage you to think about such things until you’re about to die. We’re so wrapped up with egotistical things, career, family, having enough money, meeting the mortgage, getting a new car, fixing the radiator when it breaks—we’re involved in trillions of little acts just to keep going. So we don’t get into the habbit of standing back and looking at our lives and saying, Is this all? Is this all I want? Is something missing?

One thing I am sure of in my Total Money Makeover: I had to quit telling myself that I had innate discipline and fabulous natural self-control. That is a lie. I have to put systems and programs in place that make me do smart things. Saying, “Cross my fingers and hope to die, I promise, promise, promise I will pay extra on my mortgage because I am the one human on the planet who has that kind of discipline,” is kidding yourself. A big part of being strong financially is that you know where you are weak and take action to make sure you don’t fall prey to the weakness. And we ALL are weak. Sick

The Delores tank rolled on inexorably, “You get a mortgage to buy a house, a larger mortgage than the previous owner because the price of the house has been artificially increased by the market, which is controlled by the banks. Then you live in the house for a few years paying a lot more in mortgage payments than you would if you were renting a similar property. But hey, you ‘own’ it and can ‘do things to it’… things that cost even more money, by the way… so you maintain its upkeep, improve it with say a new kitchen or bathroom; the more salubrious the neighbourhood the more expensive the kitchen would need to be – a Küche & Cucina, say; impressing your cleaner is very important after all and at the end you sell it to someone else for more than you paid for it so they’ll need an even bigger mortgage. And all the while everyone is paying all this money to the banks and the banks give the money to their shareholders, the biggest of whom are the incredibly rich. This, when you boil it all down, means that you’re taking a large sum out of your wages and passing it across to some rich person to live large, whilst you and others like you struggle to make their monthly payments. Basically you’ve been screwed, Doc, but somehow they’ve convinced you that you own a bit of England, when the truth is you don’t really own anything, you’re just renting it at a higher cost and they can take it back from you any time they want. It’s all just a card trick, Doc. All just ‘smoke and mirrors’ and that’s what’s getting to me.

To say that I am living on borrowed time would be not merely a cliché but also an understatement. My entire life has been a heavily mortgaged enterprise. But so is yours. Eventual foreclosure awaits all of us. More likely than not, I’ll receive my notice before you do, though yours, too, is in the mail. Nevertheless, until the postman comes, be happy. There is no other rational response but happiness. Despair is a foolish squandering of precious time.

Today I say am an addict. A respectable addict, of course. Not like the desperate addicts who have cashed in their mortgage... After all, my drug is cheap, the cheapest of all drugs, and therefore the most pernicious... And my drug is everywhere I look: in the drive-through gas station's convenience store, in the supermarket, on the lusciously displayed menu of an exclusive restaurant.

Certainly this is what many people feel during empty moments or deliberate experiments at meditation: a churning unease that says "I should be doing something". This cultural compulsion is so strong that even spiritual practices such as meditation and prayer are easily converted into just another thing to do, moments mortgaged to the campaign of improving life.

We scoffed at the kids who weren't like us, the ones who already talked about careers, or bliddy mortgages and pensions. Kids wanting to be old before they were young. Kids wanting to be dead before they'd lived. They were digging their own graves, building the walls of their own damn jails. Us, we hung to our youth. We were footloose, fancy free. We said we'd never grow boring and old. We plundered charity shops for vintage clothes. We bought battered Levis and gorgeous faded velvet stuff from Attica in High Bridge. We wore coloured boots, hemp scarves from Gaia. We read Baudelaire and Byron. We read our poems to each other. We wrote songs and posted them on YouTube. We formed bands. We talked of the amazing journeys we'd take together once school was done. Sometimes we paired off, made couples that lasted for a little while, but the group was us. We hung together. We could say anything to each other. We loved each other.

so maybe a fairer way of putting this would be to say that adulthood’s full of ghosts.” “I’m sorry, I’m not sure I quite—” “I’m talking about these people who’ve ended up in one life instead of another and they are just so disappointed. Do you know what I mean? They’ve done what’s expected of them. They want to do something different but it’s impossible now, there’s a mortgage, kids, whatever, they’re trapped.

Each time a police officer engages us, death, injury, maiming is possible. It is not enough to say that this is true of anyone or more true of criminals. The moment the officers began their pursuit of Prince Jones, his life was in danger. The Dreamers accept this as the cost of doing business, accept our bodies as currency, because it is their tradition. As slaves we were this country’s first windfall, the down payment on its freedom. After the ruin and liberation of the Civil War came Redemption for the unrepentant South and Reunion, and our bodies became this country’s second mortgage. In the New Deal we were their guestroom, their finished basement. And today, with a sprawling prison system, which has turned the warehousing of black bodies into a jobs program for Dreamers and a lucrative investment for Dreamers; today, when 8 percent of the world’s prisoners are black men, our bodies have refinanced the Dream of being white. Black life is cheap, but in America black bodies are a natural resource of incomparable value.

mortgage The word literally means “dead pledge,” and if it were called that maybe more people would think twice about getting one. It is a classic example of a financial entity that would scare people off if they thought more clearly about what it is: a highly leveraged form of long-term borrowing with regular demands for cash payment against an illiquid asset that is known to be even more illiquid in difficult times.

The culture doesn't encourage you to think about such things until you're about to die. We're so wrapped up with egotistical things, career, family, having enough money, meeting the mortgage, getting a new car, fixing the radiator when it breaks-- we're so involved in trillions of little acts just to keep going. So we don't get into the habit of standing back and looking at our lives and saying, is this all? Is this all I want? Is something missing?

of everything, for better or worse. A cheater remains a cheater in the same way that an optimist remains an optimist. An optimist is a person who says, after being run over by a drunk driver and having both legs mangled and mortgaging the house to pay the hospital bills: “I was lucky. I could have been killed.” To an optimist that kind of statement makes sense. To a cheater it makes sense to be living a double life and talking out of both sides of your mouth at the same time.

mortgage bonds, the industry was also fraught with moral hazard. “It was a fast-buck business,” says Jacobs. “Any business where you can sell a product and make money without having to worry how the product performs is going to attract sleazy people.

Why, for example, wasn’t AIG required to reserve capital against them? Why, for that matter, were Moody’s and Standard & Poor’s willing to bless 80 percent of a pool of dicey mortgage loans with the same triple-A rating they bestowed on the debts of the U.S. Treasury? Why didn’t someone, anyone, inside Goldman Sachs stand up and say, “This is obscene. The rating agencies, the ultimate pricers of all these subprime mortgage loans, clearly do not understand the risk, and their idiocy is creating a recipe for catastrophe”?

I’m talking about these people who’ve ended up in one life instead of another and they are just so disappointed. Do you know what I mean? They’ve done what’s expected of them. They want to do something different but it’s impossible now, there’s a mortgage, kids, whatever, they’re trapped. Dan’s like that.” “You don’t think he likes his job, then.” “Correct,” she said, “but I don’t think he even realizes it. You probably encounter people like him all the time. High-functioning sleepwalkers, essentially.” What was it in this statement that made Clark want to weep? He was nodding, taking down as much as he could. “Do you think he’d describe himself as unhappy in his work?” “No,” Dahlia said, “because I think people like him think work is supposed to be drudgery punctuated by very occasional moments of happiness, but when I say happiness, I mostly mean distraction. You know what I mean?

What this means is that the entire business model for something like Chase’s credit card business is not much more than a gigantic welfare fraud scheme. These companies borrow hundreds of billions of dollars from the Fed at rock-bottom rates, then turn around and lend it out to the world at 5, 10, 15, 20 percent, as credit cards and mortgages, boat loans and aircraft loans, and so on. If you pay it back, great, it’s a 500 percent or 1,000 percent or 4,000 percent profit for the bank. If you don’t pay it back, the company can put your name in the hopper to be sued. A $5,000 debt on a credit card for the now-defunct Circuit City, which was actually a Chase card, became a $13,000 or $14,000 debt by the time the bank finished applying fees and penalties. Just like a welfare application, you have to read the fine print. “They make more on lawsuits than they make on credit interest,” says Linda.

Old Mama Saturday" “Saturday’s child must work for a living.” “I’m moving from Grief  Street. Taxes are high here though the mortgage’s cheap. The house is well built. With stuff to protect, that mattered to me, the security. These things that I mind, you know, aren’t mine. I mind minding them. They weigh on my mind. I don’t mind them well. I haven’t got the knack of  kindly minding. I say Take them back but you never do. When I throw them out it may frighten you and maybe me too. Maybe it will empty me too emptily and keep me here asleep, at sea under the guilt quilt, under the you tree.

When we aren’t obligated to each other then we are more valuable. The couple who celebrates a marriage anniversary are only saying they have chosen appearances over choices. It’s about like celebrating your mortgage every year. Hur-fucking-ray, you’ve fulfilled your contract again. How bloody romantic.

There's one big difference between the poor and the rich,' Kite says, taking a drag from his cigarette. We are in a pub, at lunch-time. John Kite is always, unless stated otherwise, smoking a fag, in a pub, at lunch-time. 'The rich aren't evil, as so many of my brothers would tell you. I've known rich people -- I have played on their yachts -- and they are not unkind, or malign, and they do not hate the poor, as many would tell you. And they are not stupid -- or at least, not any more than the poor are. Much as I find amusing the idea of a ruling class of honking toffs, unable to put their socks on without Nanny helping them, it is not true. They build banks, and broker deals, and formulate policy, all with perfect competency. 'No -- the big difference between the rich and the poor is that the rich are blithe. They believe nothing can ever really be so bad, They are born with the lovely, velvety coating of blitheness -- like lanugo, on a baby -- and it is never rubbed off by a bill that can't be paid; a child that can't be educated; a home that must be left for a hostel, when the rent becomes too much. 'Their lives are the same for generations. There is no social upheaval that will really affect them. If you're comfortably middle-class, what's the worst a government policy could do? Ever? Tax you at 90 per cent and leave your bins, unemptied, on the pavement. But you and everyone you know will continue to drink wine -- but maybe cheaper -- go on holiday -- but somewhere nearer -- and pay off your mortgage -- although maybe later. 'Consider, now, then, the poor. What's the worst a government policy can do to them? It can cancel their operation, with no recourse to private care. It can run down their school -- with no escape route to a prep. It can have you out of your house and into a B&B by the end of the year. When the middle-classes get passionate about politics, they're arguing about their treats -- their tax breaks and their investments. When the poor get passionate about politics, they're fighting for their lives. 'Politics will always mean more to the poor. Always. That's why we strike and march, and despair when our young say they won't vote. That's why the poor are seen as more vital, and animalistic. No classical music for us -- no walking around National Trust properties, or buying reclaimed flooring. We don't have nostalgia. We don't do yesterday. We can't bear it. We don't want to be reminded of our past, because it was awful; dying in mines, and slums, without literacy, or the vote. Without dignity. It was all so desperate, then. That's why the present and the future is for the poor -- that's the place in time for us: surviving now, hoping for better, later. We live now -- for our instant, hot, fast treats, to prep us up: sugar, a cigarette, a new fast song on the radio. 'You must never, never forget, when you talk to someone poor, that it takes ten times the effort to get anywhere from a bad postcode, It's a miracle when someone from a bad postcode gets anywhere, son. A miracle they do anything at all.

We're brainwashed with garbage idioms like "Big girls don't cry". Guys who "cry like a girl" are told to "man up". Or "she's crying like a baby", as if only babies cry, which makes no sense to me, given babies have the fewest problems out of all of us. They don't have mortgages or jury duty, and they get the fun end of the whole birthing situation. The mother is the one who is pushing and bleeding and tearing, and the baby basically just gets to jet down a water slide. I think the whole "crying like a baby" idiom should be reversed: what we should say about babies is "Jesus, that baby is crying like a grown-up!

How well do you know the people who raised you? Look around your dining room table. Look around at your loved ones, especially the elders. The grandparents and the aunts and uncles who used to give you shiny new quarters and unvarnished advice. How much do you really know about their lives. Perhaps you've heard that they served in a war, or lived for a time in a log cabin, or arrived in this country speaking little or no English. Maybe they survived the Holocaust or the Dust Bowl. How were they shaped by the Depression or the Cold War, or the stutter-step march towards integration in their own community? What were they like before they married or took on mortgages and assumed all the worries that attend the feeding, clothing, and education of their children? If you don't already know the answers, the people who raised you will most likely remain a mystery, unless you take the bold step and say: Tell me more about yourself.

But, although Fannie Mae and Freddie Mac are officially private, profit-making enterprises, their size and the federal government’s involvement in both their creation and their on-going operations led many investors to assume that the federal government would never allow them to fail—which is to say, the increasing riskiness of the assets of these two mortgage market giants was an increasing riskiness for the taxpayers, whether the taxpayers knew it or not.

Mitch,” he said, “the culture doesn’t encourage you to think about such things until you’re about to die. We’re so wrapped up with egotistical things, career, family, having enough money, meeting the mortgage, getting a new car, fixing the radiator when it breaks—we’re involved in trillions of little acts just to keep going. So we don’t get into the habit of standing back and looking at our lives and saying, Is this all? Is this all I want? Is something missing?

Mitch," he said, "the culture doesn't encourage you to think about such things until you're about to die. We're so wrapped up in egotistical things, career, family, having enough money, meeting the mortgage, getting a new car, fixing the radiator when it breaks - we're involved in trillions of little acts just to keep going. So we don't get into the habit of standing back and looking at our lives and saying, Is this all? Is this all I want? Is something missing?

My mother wasn’t much into politics, but I’m sure she would have assumed that fifty years later, the minimum wage would be a lot higher. If it could feed a family of three and pay a mortgage in 1965, surely by now a minimum wage would let a family afford, say, a home and a car—and maybe even a little money for college applications for a skinny daughter. Right? Wrong. Way wrong. Adjusted for inflation, the minimum wage today is lower than it was in 1965—about 24 percent lower.

Some might say the difference between being a kid and being a grown-up is that grown-ups don't think they can sail around the world all by themselves. Why not? Because they don't have a sailboat. Because they couldn't make the mortgage payments if they sailed around the world. Because they don't know how to sail. Because they don't want to. Because it's just a TV show. There can be a lot of becauses. There can be endless becauses. Because you're a grown-up. Because you have responsibilities. Because you haven't made one choice in the last ten years. Because (and here's the important one) you're a coward. Yes. That's right. Because you, my little friend, are a coward. When you're a kid, on the other hand, your entire thought process is consumed with visions of WHAT MIGHT BE. You are propelled forward in search of some foggy thing. Some thing that you believe might be amazing. What you might do. Who you might be. You imagine that there are so many possibilities.

Yet each favor and handout and protection of vested interests shifts the direction of capital and labor artificially, resulting in over-investment in, say, mortgaged houses, or over-investment in corruption to get and maintain restrictions on entry to, say, ownership of taxi medallions, or over-investment in a war to protect slavery. Of course, any proposal to drop the mortgage-interest deduction or to let Uber and Lyft compete freely with medallioned taxis raises political storms. Or a Civil War.

When people say, “She’s a good-looking woman,” they usually mean, “She used to be a good-looking woman.” But when I say that about Margaret, I mean it. She thinks—she knows—that she’s changed, and she has; though less to me than to anybody else. Naturally, I can’t speak for the restaurant manager. But I’d put it like this: she sees only what’s gone, I see only what’s stayed the same. Her hair is no longer halfway down her back or pulled up in a French pleat; nowadays it is cut close to her skull and the grey is allowed to show. Those peasanty frocks she used to wear have given way to cardigans and well-cut trousers. Some of the freckles I once loved are now closer to liver spots. But it’s still the eyes we look at, isn’t it? That’s where we found the other person, and find them still. The same eyes that were in the same head when we first met, slept together, married, honeymooned, joint-mortgaged, shopped, cooked and holidayed, loved one another and had a child together. And were the same when we separated. But

why the rating agencies weren’t more critical of bonds underpinned by floating-rate subprime mortgages. Subprime borrowers tended to be one broken refrigerator away from default. Few, if any, should be running the risk of their interest payment spiking up. As most of these loans were structured, however, the homeowner would pay a fixed teaser rate of, say, 8 percent for the first two years, and then, at the start of the third year, the interest rate would skyrocket to, say, 12 percent, and thereafter it would float at permanently high levels.

We’re so wrapped up with egotistical things, career, family, having enough money, meeting the mortgage, getting a new car, fixing the radiator when it breaks—we’re involved in trillions of little acts just to keep going. So we don’t get into the habit of standing back and looking at our lives and saying, Is this all? Is this all I want? Is something missing?” He paused. “You need someone to probe you in that direction. It won’t just happen automatically.” I knew what he was saying. We all need teachers in our lives. And mine was sitting in front of me.

He wondered what O'Brian would have been like in a real war, one in which he actually had to fight rather than just take pictures. Then he wondered what he would have been like. Most of the men he knew asked themselves that question, as if never having fought somehow made them incomplete - left a hole in their lives where a war should have been. Was it possible that this absence of war - marvellous though it was and so forth: that went without saying - was it possible that it had actually trivialised people? Because everything was so bloody trivial now, wasn't it? This was The Trivial Age. Politics was trivial. What people worried about was trivial - mortgages and pensions and the dangers of passive smoking. Jesus! - is this what we've been reduced to, worrying about passive smoking, when our parents and our grandparents had to worry about being shot or bombed? And then he began to feel guilty, because what was he implying here? That he wanted a war? ... He was glad it was over, of course, in a way - but at least while it was on people like him had known where they stood, could point to something and say: well, we may not know what we do believe in, but we don't believe in that.

racism is about the power of a group and in America it’s white folks who have that power. How? Well, white folks don’t get treated like shit in upper-class African-American communities and white folks don’t get denied bank loans or mortgages precisely because they are white and black juries don’t give white criminals worse sentences than black criminals for the same crime and black police officers don’t stop white folk for driving while white and black companies don’t choose not to hire somebody because their name sounds white and black teachers don’t tell white kids that they’re not smart enough to be doctors and black politicians don’t try some tricks to reduce the voting power of white folks through gerrymandering and advertising agencies don’t say they can’t use white models to advertise glamorous products because they are not considered “aspirational” by the “mainstream.

but racism is about the power of a group and in America it’s white folks who have that power. How? Well, white folks don’t get treated like shit in upper-class African-American communities and white folks don’t get denied bank loans or mortgages precisely because they are white and black juries don’t give white criminals worse sentences than black criminals for the same crime and black police officers don’t stop white folk for driving while white and black companies don’t choose not to hire somebody because their name sounds white and black teachers don’t tell white kids that they’re not smart enough to be doctors and black politicians don’t try some tricks to reduce the voting power of white folks through gerrymandering and advertising agencies don’t say they can’t use white models to advertise glamorous products because they are not considered “aspirational” by the “mainstream.” So

Here’s a crash course in the economy,” said Hunter. “Americans get up each morning and go to factories and farms and fire stations and work their whole lives, creating actual products you can hold in your hands. Or some service that benefits. I mean, what the fuck’s that about?” “Work isn’t good?” “It’s the damn workers who crashed the economy.” “I thought it was you,” said Serge. “Don’t be a comedian.” Hunter started counting off on his fingers. “They lost their retirement accounts, their mortgages, their homes, even their jobs. Can’t these assholes do anything right?” “You on the other hand?” “We ended up with all the cash. And then the people turned to the government and went, ‘Holy shit! What happened to all our goddamn money? Do something!’ So the government takes even more money from the workers and—this part is absolutely priceless—they give it all to us again! Now you tell me who’s the success story.” “But what’s so hard about accepting free money?” “That’s exactly what I was thinking when half the country screamed, ‘I’ll kick your fucking ass if you give me health care!’ ” “Sounds too good for words,” said Serge. “It’s good enough for one word,” said Hunter. “Socialism.” Serge pounded the bar with his fist. “Fuck socialism.” “Don’t say that!” Hunter took a swig. “I love socialism.” “You do?” Hunter nodded hard. “Finest word in the English language. Just mention socialism, and everyone gets blinded by rage, takes their eyes off us and prints up T-shirts that insult the president.” Bleadoph raised his hands toward the ceiling in exultation. “Thank God he was elected!” “Forgive my ignorance,” said Serge, “but weren’t the bailouts socialism?” Hunter shook his head. “It’s only socialism if the money goes down, not up.” “A toast,” said Serge. “To socialism!” “To socialism!

No doubt it often happens that a child possesses qualities of his ancestors which were perhaps missing in his parents, or even two or three generations back; however, this is another heritage, a heritage which is known to us as such. I might express this by saying that a soul borrows a property from the spheres of the jinn, and a more concrete property from the physical world; and as it borrows this property, together with this transaction it takes upon itself the taxation and the obligations as well as the responsibilities which are attached to the property. Very often the property is not in proper repair, and damage has been done to it, and it falls to his lot to repair it; and if there be a mortgage on that property that becomes his due. Together with the property he becomes the owner of the records and the contracts of the property which he owns. In this is to be found the secret of what is called Karma.

I don't think anyone outside my family knows that." "Not even Amanda?" It came out before I could stop it. "Not even Amanda." He reached for the soda. "Two," he muttered as he poured, "I wish more people knew that Amanda and I are not a single unit and fewer people knew that she dumped me temporarily over the summer for a lifegaurd in Loveladies named Biff." While I processed that,he finished. "Three. I bombed the PSATs." "Oh.Well,isn't the point of preliminary tests to help you learn how to do well on the later ones?" "Tell that to my dad. He was decided that I am now on the fast track toward a future of digging ditches." "Come on.I'm sure he sees that it's just a prep test." "What he sees," Alex corrected me, "is that the path of Yale, followed by Powel Law an the family firm, has gotten a little slippery." I had no idea what to say.In my family, whatever we want to do, as long as it involves getting out of bed every morning and satisfying our souls, is considered just splendid.And that coming from multiple generations who've struggled to pay the mortgage.

I have enough faith in my fellow creatures in Great Britain to believe that when they have got over the delirium of the television, when they realize that their new homes that they have been put into are mortgaged to the hilt, when they realize that the moneylender has been elevated to the highest position in the land, when they realize that the refinements for which they should look are not there, that it is a vulgar society of which no decent person could be proud, when they realize all those things, when the years go by and they see the challenge of modern society not being met by the Tories who can consolidate their political powers only on the basis of national mediocrity, who are unable to exploit the resources of their scientists because they are prevented by the greed of their capitalism from doing so, when they realize that the flower of our youth goes abroad today because they are not being given opportunities of using their skill and their knowledge properly at home, when they realize that all the tides of history are flowing in our direction, that we are not beaten, that we represent the future: then, when we say it and mean it, then we shall lead our people to where they deserve to be led.

When people say, ‘She’s a good-looking woman,’ they usually mean, ‘She used to be a good-looking woman.’ But when I say that about Margaret, I mean it. She thinks – she knows – that she’s changed, and she has; though less to me than to anybody else. Naturally, I can’t speak for the restaurant manager. But I’d put it like this: she sees only what’s gone, I see only what’s stayed the same. Her hair is no longer halfway down her back or pulled up in a French pleat; nowadays it is cut close to her skull and the grey is allowed to show. Those peasanty frocks she used to wear have given way to cardigans and well-cut trousers. Some of the freckles I once loved are now closer to liver spots. But it’s still the eyes we look at, isn’t it? That’s where we found the other person, and find them still. The same eyes that were in the same head when we first met, slept together, married, honeymooned, joint-mortgaged, shopped, cooked and holidayed, loved one another and had a child together. And were the same when we separated. But it’s not just the eyes. The bone structure stays the same, as do the instinctive gestures, the many ways of being herself. And her way, even after all this time and distance, of being with me.

Say what you will of religion, but draw applicable conclusions and comparisons to reach a consensus. Religion = Reli = Prefix to Relic, or an ancient item. In days of old, items were novel, and they inspired devotion to the divine, and in the divine. Now, items are hypnotizing the masses into submission. Take Christ for example. When he broke bread in the Bible, people actually ate, it was useful to their bodies. Compare that to the politics, governments and corrupt, bumbling bureacrats and lobbyists in the economic recession of today. When they "broke bread", the economy nearly collapsed, and the benefactors thereof were only a select, decadent few. There was no bread to be had, so they asked the people for more! Breaking bread went from meaning sharing food and knowledge and wealth of mind and character, to meaning break the system, being libelous, being unaccountable, and robbing the earth. So they married people's paychecks to the land for high ransoms, rents and mortgages, effectively making any renter or landowner either a slave or a slave master once more. We have higher class toys to play with, and believe we are free. The difference is, the love of profit has the potential, and has nearly already enslaved all, it isn't restriced by culture anymore. Truth is not religion. Governments are religions. Truth does not encourage you to worship things. Governments are for profit. Truth is for progress. Governments are about process. When profit goes before progress, the latter suffers. The truest measurement of the quality of progress, will be its immediate and effective results without the aid of material profit. Quality is meticulous, it leaves no stone unturned, it is thorough and detail oriented. It takes its time, but the results are always worth the investment. Profit is quick, it is ruthless, it is unforgiving, it seeks to be first, but confuses being first with being the best, it is long scale suicidal, it is illusory, it is temporary, it is vastly unfulfilling. It breaks families, and it turns friends. It is single track minded, and small minded as well. Quality, would never do that, my friends. Ironic how dealing and concerning with money, some of those who make the most money, and break other's monies are the most unaccountable. People open bank accounts, over spend, and then expect to be held "unaccountable" for their actions. They even act innocent and unaccountable. But I tell you, everything can and will be counted, and accounted for. Peace can be had, but people must first annhilate the love of items, over their own kind.

… But don't ever forget, young Master Paul. Everyone has their love story. Everyone. It may have been a fiasco, it may have fizzled out, it may never even have got going, it may have been all in the mind, that doesn't make it any less real. Sometimes, it makes it more real. Sometimes, you see a couple, and they seem bored witless with one another, and you can't imagine them having anything in common, or why they're still living together. But it's not just habit or complacency or convention or anything like that. It's because once, they had their love story. Everyone does. It's the only story.” (P. 35-36) Then there's that word Joan dropped into our conversation like a concrete fence-post into a fishpool: practicality. Over my life I've seen friends fail to leave their marriages, fail to continue affairs, fail even to start them sometimes, all for the same expressed reason. 'It just isn't practical, they say wearily. The distances are too great, the train schedules unfavourable, the work hours mismatched; then there's the mortgage, and the children, and the dog, also, the joint ownership of things. 'I just couldn't face sorting out the record collection, a non-leaving wife once told me. In the first thrill of love, the couple had amalgamated their records, throwing away duplicates. How was it feasible to unpick all that? And so she stayed; and after a while the temptation to leave passed, and the record collection breathed a sigh of relief. Whereas it seemed to me, back then, in the absolutism of my condition, that love had nothing to do with practicality; indeed, was its polar opposite. And the fact that it showed contempt for such banal considerations was part of its glory. Love was by its very nature disruptive, cataclysmic; and if it was not, then it was not love. (P. 73)

Here are the top three warning signs [you're at risk of foreclosure]: * You used to think nobody cared when your phone rarely rang. Then you missed a couple of house payments. * You're glad gas prices have fallen so you can afford it if you have to move into your car. * You're ready to say, "Let's make a deal" and trade your upside-down house for whatever's behind Door #3.

To simplify somewhat, we can say that Optimization + Equilibrium = Economics. This is a powerful combination, nothing that other social sciences can match. There is, however, a problem: the premises on which economic theory rests are flawed. First, the optimization problems that ordinary people confront are often too hard for them to solve, or even come close to solving. Even a trip to a decent-sized grocery store offers a shopper millions of combinations of items that are within the family’s budget. Does the family really choose the best one? And, of course, we face many much harder problems than a trip to the store, such as choosing a career, mortgage, or spouse.

I say he hurled himself into the sea because he couldn’t live with what he’d done.” Anger burned briefly in his friendly face but was quickly snuffed out when another patron called out to him. He snapped the beard back into place. “Turned out he’d mortgaged the pub to the hilt. There were massive debts to clear, so they sold the old cottage to Mark Bowers. He rents it out to holiday-makers now. The girls were happy to sell the pub on to me with the

Many banks do not advertise they are portfolio lenders and many people working at the bank may not even know what a portfolio lender is. If you are calling up a bank and they say they aren’t a portfolio lender, don’t give up! Ask to talk to a loan officer and ask specific questions about what type of investor programs they offer. Here are some good questions to ask; Do you loan to investors who already have four mortgages? Do you sell your loans or keep them in-house? Do you allow investors with four or more mortgages to do cash out refinance? What terms and loan programs do you offer investors? ARM, 15, 30 year fixed, balloon? What interest rates are you charging and what are the initial costs for your loans? What

Basic business accounting tells us that the purpose of an asset is to produce cash flow. The purpose of a liability is to buy an asset that produces cash flow. By that definition, your home is not an asset. “Oh but my home is appreciating in value,” you may say. To which we ask, “Can you pay your bills with that appreciation? Can you eat it? Do you plan to retire on that appreciation? What are you DOING with that appreciation?

Extensive background in public accounting. I can also stand on my head!" Too many E-numbers. "I perform my job with effortless efficiency, effectiveness, efficacy, and expertise." There are not too many of them about. "Personal: Married 20 years; own a home, along with a friendly mortgage company." The first rule of projects is: You don't talk about projects. "My intensity and focus are at inordinately high levels, and my ability to complete projects on time is unspeakable." Learning a language. "Exposure to German for two years, but many words are inappropriate for business." Congratulations! "Accomplishments: Completed 11 years of high school."  No really, how is your memory? "Excellent memory; strong math aptitude; excellent memory; effective management skills; and very good at math." I think bricks would work better personally, but hey go for it. "Personal Goal: To hand-build a classic cottage from the ground up using my father-in-law. To be fair the job on offer was to play Snow White in a Christmas production. "Thank you for your consideration. Hope to hear from you shorty!" . Very I would say. "Enclosed is a ruff draft of my resume." Delete. "I saw your ad on the information highway, and I came to a screeching halt." Then why attach it? "Please disregard the attached resume -- it is terribly out of date." Lone wolf. "It's best for employers that I not work with people.

A WORLD OF SLOWER GROWTH AND HIGHER INFLATION If triple-digit oil prices are the true culprit behind the recent recession, what happens if oil prices recover to triple-digit levels or even close to them when the economy recovers? Does the economy slip right back into recession again? Everything else being equal—or ceteris paribus, as they say in the economics textbooks—that’s probably as good a forecast as any. Every oil shock has produced a global recession, and the record price increase of the past few years may produce the biggest one of all. But recessions, no matter how severe, are finite events. Ultimately, we face a far more challenging economic verdict from oil. Any way you cut it, a return to triple-digit oil prices means a much slower-growing world economy than before. And not just for a couple of quarters of recession. That’s because virtually every dollar of world GDP requires energy to produce. Not all of that energy, of course, comes from oil, but far too much does for world GDP not to be affected by oil’s growing scarcity. And there is nothing at the end of the day that we can do about depletion. Big tax cuts and big spending increases can mitigate triple-digit oil’s bite, but the deficits they inevitably produce ultimately lead to tax hikes and spending cuts that just make the suffering all the more painful down the road. Taking out a loan to pay your mortgage might defer your problems for a month or so, but in the end, it often makes your difficulties more acute. Borrowing from the future just turns today’s problems into tomorrow’s, and by the time tomorrow comes, they’ve become a lot bigger than if we had dealt with them today. Trillion-dollar-plus deficits, just like a near-zero percent federal funds rate, can mask the impact of high energy prices for a while, but ultimately they can’t protect economies that still run on oil from the impact of higher energy prices and the toll that they take.

What are your feelings from Bush to Obama? Besides being responsible for the death of half a million people, I feel like Bush dealt a huge economic and social blow to the USA, one from which we may never fully recover. He directly flushed 3 trillion dollars down the toilet on hopeless, pointlessly destructive wars in Afghanistan and Iraq …and they’re not even over! For years to come, we’ll be paying costs for all the injured veterans (over 50,000) and destabilizing three countries, because you have to look at the impact that the Afghan war has on Pakistan. Bush expanded the use of torture, and created a whole new layer of government bureaucracy (the “Department of Homeland Security”) to spy on Americans. He created Indefinite Detention (at Guantanamo and other US military bases) and expanded the use of executive-ordered assassinations using the new drone technology. On economic issues, his administration allowed corporations to run things and regulate themselves. The agency that was supposed to regulate oil drilling had lobbyist-paid prostitutes sleeping with employees while oil industry lobbyists basically ran the agency. Energy companies like Enron, and the country’s investment banks were deregulated at the end of the Clinton administration and Bush allowed them to run wild. Above all, he was incompetent and appointed some really stupid people to important positions at every level of government. Certainly, Obama has been involved in many of these same activities. A few he’s increased, such as the use of drone assassinations, but most of them he has at least tried to scale back. At the beginning of his first term, he tried to close the Guantanamo prison and have trials for many of the detainees in the United States but conservatives (including many Democrats) stirred up public resistance and blocked this from happening. He tried to get some kind of universal healthcare because over 50 million Americans don’t have health insurance. This is one of the leading causes of personal bankruptcies and foreclosures because someone gets sick in a family, loses their job, loses their health insurance (because American employers are source of most people’s healthcare) and they can’t pay their health bills or their mortgage. Or they use up all their money caring for a sick family member. So many people in the US wanted health insurance reform or single-payer, universal health care similar to what you have in the UK. Members of Obama’s own party (The Democrats) joined with Republicans to narrowly block “The public option” but they managed to pass a half-assed but not-unsubstantial reform of health insurance that would prevent insurers from denying you coverage when you’re sick or have a “preexisting condition.” The minute it was signed into law, Republicans sued in the courts (all the way to the supreme court) and fought, tooth and nail to block its implementation. Same thing with gun control, even as we’re one of the most violent industrial countries in the world. (Among industrial countries, our murder rate is second only to Russia). Obama has managed to withdraw troops from Iraq and Afghanistan over Republican opposition but, literally, everything he tries to do, they blast it in the media and fight it in Congress. So, while I have a lot of criticisms of Obama, he is many orders of magnitude less awful than Bush and many of the positive things he’s tried to do have been blocked. That said, the Democratic and Republican parties agree on more things than they disagree. Both signed off on the Afghan and Iraq wars. Both signed off on deregulation of banks, of derivatives, of mortgage regulations and of the energy and telecom business …and we’ve been living with the consequences ever since. I’m guessing it’s the same thing with Labor and Conservatives in the UK. Labor or Democrats will SAY they stand for certain “progressive” things but they end up supporting the same old crap... (2014 interview with iamhiphop)

Val says chains only. She only touches old gross bones if they belong to millionaires who want to pay her mortgage.

In the name of all the producers who had kept you alive and received your death ultimatums in payment, I now answer you with a single ultimatum of our own: Our work or your guns. You can choose either; you can’t have both. We do not initiate the use of force against others or submit to force at their hands. If you desire ever again to live in an industrial society, it will be on our moral terms. Our terms and our motive power are the antithesis of yours. You have been using fear as your weapon and have been bringing death to man as his punishment for rejecting your morality. We offer him life as his reward for accepting ours. “You who are worshippers of the zero—you have never discovered that achieving life is not the equivalent of avoiding death. Joy is not ‘the absence of pain,’ intelligence is not ‘the absence of stupidity,’ light is not ‘the absence of darkness,’ an entity is not ‘the absence of a nonentity.’ Building is not done by abstaining from demolition; centuries of sitting and waiting in such abstinence will not raise one single girder for you to abstain from demolishing—and now you can no longer say to me, the builder: ‘Produce, and feed us in exchange for our not destroying your production.’ I am answering in the name of all your victims: Perish with and in your own void. Existence is not a negation of negatives. Evil, not value, is an absence and a negation, evil is impotent and has no power but that which we let it extort from us. Perish, because we have learned that a zero cannot hold a mortgage over life.

Now, picture a bank that’s financing CDOs for a hedge fund through Repo transactions. Suppose the floor dropped-out from under the CDO market, like it did in 2007, and the bank issued a margin call to the hedge fund. Suppose the hedge fund told the bank, “We will give you your cash as soon as we sell some CDOs. Maybe next week.” That doesn’t work. But the Repo counterparty has an out. No need to wait. Once there is technically a default or bankruptcy, the bank can take over the hedge fund’s positions and liquidate them. Then they cross their fingers that they had taken enough margin to cover the losses on the forced sale! That brings up a good question. Why are there runs on banks and shadow banks? The question is easily answered when you look at what banks and shadow banks have in common. They lend long and borrow short. It’s the age-old business model flaw of the banking system. They are lending money long-term and borrowing money short-term. A bank writes a 30-year mortgage loan to a homeowner and borrows money from their depositors to cover the loan. Remember, the depositors can show up any day and withdraw their money. Unfortunately, this same bank business model flaw extends to the shadow banks. They also lend long and borrow short. Just like a bank, a REIT’s MBS portfolio might have an average weighted maturity of, say, seven years.

Purina’s exposure to the hog business was not limited at all. The volatile markets exposed that fact. In 1998, the US hog market experienced a shock comparable to the stock market crash of 1929—a market convulsion that obliterated all the rules everyone thought applied to the business. The root of the problem could be traced to the very industrialization that created Purina Mills’ feed business in the first place. Now that hogs were raised on factory farms, the supply of animals was enormous and inflexible. Farmers were raising herds of tens or even hundreds of thousands of pigs. When prices started to fall, these industrial farms couldn’t adapt quickly. They had mortgage payments to meet on the big pig houses, and they needed to keep production high. Factory farms were a machine that wasn’t easily turned off. The flow of pigs continued into the slaughterhouses, and prices fell even further. Then everything spun out of control. Hog prices plummeted, sucking the entire business into the ground almost instantly. The price of hogs fell from about 53 cents per pound to 10 cents per pound in a matter of months. When adjusted for inflation, this was the lowest price for pigs in US history. It cost far more to raise a pig than the animal was worth. Purina Mills should have been insulated against this crisis. It only sold feed, not the hogs themselves. But with its decision in 1997 to start buying baby hogs, Purina had exposed itself to the risk of falling pork prices. Dean Watson began to discover just how large that exposure was. As one farm economist put it at the time, the rational number of hogs to own in 1998 was zero. Purina discovered this fact quickly. It bought baby hogs, and turned around to sell them to the farmers. But there were no buyers. The farmers refused to take them. “The people who we were supposed to be selling the pigs to were basically saying: ‘Sue me.’ The people we had bought the pigs from were saying: ‘You’re not getting out of my contract or I am suing you,’ ” Watson said. “All of this ownership risk that I was assured didn’t exist started to just come out of the woodwork.

Dear …, I’m writing as a Canadian woman and a member of one of the so-called “visible” or “ethnic” minorities to protest the exclusionary—racist and sexist—practices of Canadian publishers. Why racist? Because they discriminate against white writers. Why sexist? Because they discriminate against male writers. I feel quite perturbed about Penguin Canada’s submission policy which solicits exclusively unagented LGBTQIA2S+ and BIPOC writers (as well as those from "traditionally underrepresented” communities). This is publishing madness that has gone too far in the name of diversity. If publishing exclusively white male writers (and that has never been the case) is a clearcut wrong, two wrongs do not make a right. Oddly enough, only Penguin Canada has this bizarre exclusionary policy. Penguin Australia and Penguin New Zealand, in contrast, welcome submissions from writers of all backgrounds. Penguin UK Merky Books New Writers’ Prize aims to discover new UK voices and writers regardless of race, creed, or colour. Could this be the reason why Canada lags so far behind UK and arguably even Australia/NZ in reputation in the literary and publishing worlds? You may say, oh, look at the history, white male writers have traditionally dominated the publishing field. But why should white male writers TODAY be discriminated against in order to address the inequities of the past? That's the crux of the problem created by Penguin Canada’s woke madness. So, let’s look at the books published recently. Are white males still dominating the field? The truth of the matter is, they don’t, with a whopping 73% of editors being female (Editor Demographics in the United States, 2023). The quality of books isn’t decided by a writer’s colour or gender. It’s decided by the story and writers’ skills in presenting that story. As an avid lifelong reader of books in 3 languages (one of them English), I love books. At times I can’t even remember a writer’s name, far less their skin colour or sexual orientation, but I DO remember the story. Yet today’s exclusionary publishing policies at Penguin Canada imply that only people of colour have the chops to write about people of colour (ditto for any social subgroup you choose). This not only suffocates the world of fiction writing but, as a logical corollary, limits writing about 59-year-old, ethnically Chinese, twice-divorced soccer moms with 2 mortgages SOLELY to 59-year-old, ethnically Chinese, twice-divorced soccer moms with 2 mortgages. For the record, I—and thousands of others, judging by mountains of internet posts—am interested in how men write about women, how white writers write about other races, how old men write about youth—and of course vice versa. I’m interested in how writers see the world regardless of their sexual orientation. Paying the piper to play only a single +ALPHABETSOUP tune, we get to hear only that single tune, reducing the depth of human experience to only what passes through that one artificially imposed filter. One last example: Simon & Schuster (US) has books like us first novel contest to discover new local writers regardless of who they are. Only in Canada’s Orwellian publishing world some writers are more equal than others. Shame on my country. Let the books speak for themselves!!

Dear …, I’m writing as a Canadian woman and a member of one of the so-called “visible” or “ethnic” minorities to protest the exclusionary—racist and sexist—practices of Canadian publishers. Why racist? Because they discriminate against white writers. Why sexist? Because they discriminate against male writers. I feel quite perturbed about Penguin Canada’s submission policy which solicits exclusively unagented LGBTQIA2S+ and BIPOC writers (as well as those from "traditionally underrepresented” communities). This is publishing madness that has gone too far in the name of diversity. If publishing exclusively white male writers (and that has never been the case) is a clearcut wrong, two wrongs do not make a right. Oddly enough, only Penguin Canada has this bizarre exclusionary policy. Penguin Australia and Penguin New Zealand, in contrast, welcome submissions from writers of all backgrounds. Penguin UK Merky Books New Writers’ Prize aims to discover new UK voices and writers regardless of race, creed, or colour. Could this be the reason why Canada lags so far behind UK and arguably even Australia/NZ in reputation in the literary and publishing worlds? You may say, oh, look at the history, white male writers have traditionally dominated the publishing field. But why should white male writers TODAY be discriminated against in order to address the inequities of the past? That's the crux of the problem created by Penguin Canada’s woke madness. So, let’s look at the books published recently. Are white males still dominating the field? The truth of the matter is, they don’t, with a whopping 73% of editors being female (Editor Demographics in the United States, 2023). The quality of books isn’t decided by a writer’s colour or gender. It’s decided by the story and writers’ skills in presenting that story. As an avid lifelong reader of books in 3 languages (one of them English), I love books. At times I can’t even remember a writer’s name, far less their skin colour or sexual orientation, but I DO remember the story. Yet today’s exclusionary publishing policies at Penguin Canada imply that only people of colour have the chops to write about people of colour (ditto for any social subgroup you choose). This not only suffocates the world of fiction writing but, as a logical corollary, limits writing about 59-year-old, ethnically Chinese, twice-divorced soccer moms with 2 mortgages SOLELY to 59-year-old, ethnically Chinese, twice-divorced soccer moms with 2 mortgages. For the record, I—and thousands of others, judging by mountains of internet posts—am interested in how men write about women, how white writers write about other races, how old men write about youth—and of course vice versa. I’m interested in how writers see the world regardless of their sexual orientation. Paying the piper to play only a single +ALPHABETSOUP tune, we get to hear only that single tune, reducing the depth of human experience to only what passes through that one artificially imposed filter. One last example: Simon & Schuster (US) has books like us first novel contest to discover new local writers regardless of who they are. Only in Canada’s Orwellian publishing world some writers are more equal than others. Shame on my country. Let the books speak for themselves!!

banging sound comes from within the truck, and I wrench open the front door to see what’s going on. I jog outside just in time to see my husband emerging from the truck with one of his friends who has agreed to help with the move. I wanted to hire a moving company, but he insisted he could do it himself with his friends helping. And I have to admit, we need to save every penny if we want to make our mortgage payments. Even at ten percent below asking, our dream house wasn’t cheap. My husband is holding up one half of our living room sofa, his T-shirt plastered to his torso with sweat. I cringe because he’s in his forties and the last thing he needs is to throw out his back. I expressed this concern to him when we were planning the move, and he acted like it was the silliest thing he’s ever heard, even though I throw out my back every other week. And it’s not from lifting a sofa. It’s from, like, sneezing. “Will you please be careful, Enzo?” I say.

To hell with the issues. I have a wife and three kids, a mortgage and a car loan; they’re my issues. I’ve fought my way up to regional sales manager and I have a shot at national sales director in a few years’ time. I’ve worked my socks off for this and no one’s going to take it away from me: not rioting Negroes, not drug-taking hippies, not Communists working for Moscow, and certainly not a softhearted liberal like Hubert Humphrey. I don’t care what you say about Nixon, he stands for people like me.” At that moment Dave felt, with an overwhelming sense of impending doom, that Nixon was going to win.

In retrospect, I think our view of market expectations was too dependent on our survey of securities dealers. Futures markets gave us a reliable read of where markets thought the federal funds rate was going—but not for our securities purchases. For that, economists at the New York Fed asked their counterparts at the securities firms, who paid careful attention to every nuance of Fed policymakers’ public statements. In effect, our PhD economists surveyed their PhD economists. It was a little like looking in a mirror. It didn’t tell us what the rank-and-file traders were thinking. Many traders, apparently, didn’t pay much attention to their economists and were betting our purchases would continue more or less indefinitely. Some called it “QE-ternity” or “QE-infinity.” Their assumption was unreasonable and entirely inconsistent with what we had been saying. Nevertheless, some investors had evidently established market positions based on it. Now, like Metternich, they looked at our statements about securities purchases and asked, “What do they mean by that?” Their conclusion, despite the plain meaning of what I said at the press conference, was that we were signaling an earlier increase in our federal funds rate target. They sold their Treasury securities and mortgage-backed securities, driving up long-term interest rates.

We're so wrapped up with egotistical things, career, family, having enough money, meeting the mortgage, getting a new car, fixing the radiator when it breaks-we're involved in trillions of little acts just to keep going. So we don't get into the habit of standing back and looking at our lives and saying, Is this all? Is this all I want? Is something missing?" He paused. "You need someone to probe you in that direction. It won't just happen automatically." I knew what he was saying. We all need teachers in our lives.

Why did people make such a fateful miscalculation? For the same reason that people throughout history have miscalculated. People were unable to fathom the full consequences of their decisions. Whenever they decided to do a bit of extra work – say, to hoe the fields instead of scattering seeds on the surface – people thought, ‘Yes, we will have to work harder. But the harvest will be so bountiful! We won’t have to worry any more about lean years. Our children will never go to sleep hungry.’ It made sense. If you worked harder, you would have a better life. That was the plan. The first part of the plan went smoothly. People indeed worked harder. But people did not foresee that the number of children would increase, meaning that the extra wheat would have to be shared between more children. Neither did the early farmers understand that feeding children with more porridge and less breast milk would weaken their immune system, and that permanent settlements would be hotbeds for infectious diseases. They did not foresee that by increasing their dependence on a single source of food, they were actually exposing themselves even more to the depredations of drought. Nor did the farmers foresee that in good years their bulging granaries would tempt thieves and enemies, compelling them to start building walls and doing guard duty. Then why didn’t humans abandon farming when the plan backfired? Partly because it took generations for the small changes to accumulate and transform society and, by then, nobody remembered that they had ever lived differently. And partly because population growth burned humanity’s boats. If the adoption of ploughing increased a village’s population from 100 to 110, which ten people would have volunteered to starve so that the others could go back to the good old times? There was no going back. The trap snapped shut. The pursuit of an easier life resulted in much hardship, and not for the last time. It happens to us today. How many young college graduates have taken demanding jobs in high-powered firms, vowing that they will work hard to earn money that will enable them to retire and pursue their real interests when they are thirty-five? But by the time they reach that age, they have large mortgages, children to school, houses in the suburbs that necessitate at least two cars per family, and a sense that life is not worth living without really good wine and expensive holidays abroad. What are they supposed to do, go back to digging up roots? No, they double their efforts and keep slaving away. One

I figured he was adhering to the adage that if you don’t have anything nice to say, don’t make fun of the person paying the mortgage.

The American dream is now heavily mortgaged. So what went wrong? Why do we live this way in this land where we are free to choose? What drives our mania for material things? As citizens of the richest nation in the world, why do we not choose to simply enjoy what we have, to slow down, to save more, and to spend more time with those we love—as we say we wish to do? Economists

A sex researcher phones one of the participants in a recent survey to check on a discrepancy. He says to the guy, “In response to the question on frequency of intercourse you answered ‘twice weekly.’ Your wife, on the other hand, answered ‘several times a night.’” “That’s right,” replies the husband. “And that’s how it’s going to stay until our second mortgage is paid off.

Legendary American guitarist Nile Rodgers says, “The music business is the only business where after you pay off the mortgage on the house, they still own the house. It does not make any sense. There is no other business on earth that does that. We pay back all the royalties, and they still own our property.

Whatever it is.. and whoever you are, you needn't be ashamed. It wouldn't take much to bring anyone to where you've been. A bad landlord, say. A leg that broke and wouldn't set, too much trust in bad advice, a mortgage unattainable by half a per cent, and there we are: there I might be. (Thomas in fact did not quite believe this, but wanted to be kind.)

credit default swap (CDS). This is nothing more than a bet—for instance, that a mortgage company will go broke and its bond value will sink to, say, 4 cents on the dollar.

For example, let’s say you bought a rental house five years ago for $300,000 and rented it for three years. When your tenant moved out, you and your spouse moved in and stayed there for two years. You just sold the house for $400,000, a $100,000 capital gain. You can exclude two-fifths of that gain ($40,000) from taxes.

We were just a bunch of scared and overly zealous kids grasping for a future we had all been promised, only to find out when we got there it had been reverse mortgaged so our spawners could go on cruises and never retire, just for fun. We did everything we were told to do. “Go to college so you don’t flip burgers!” our parents would say in liturgical unison. And all the politicians said, “Amen!” with raging boners over the interest we would be paying until the day we died of a preventable ailment. In the beginning, we never even questioned why we disparaged the culinary artists who prepared our meals, nor did we anticipate that we would all soon be fighting on the same battlefield together begging for table scraps. Comrades in arms of a war we didn’t even start. We were casualties of a massive game of Craps our parents were playing with the economy, betting their odds against our planet, our gains, our jobs, our education, our healthcare, our future. We were bitter millennials long before they even told us we had a title.

Our happiness is therefore often mortgaged to our dreams of ideal love. Whether we explain this as the influence of advertising, childhood stories, Hollywood, iconic songs, or hormones, we invest a lot in these dreams. It’s easy to see our ideal partners as the perfect solution to woes such as loneliness, lack of acceptance, economic insecurity, or the need for approval. Perhaps they hold the key to our sexual fantasies. Or they are that missing “other half” that will enable us to achieve our dreams. Right? Wrong, according to the Spanish philosopher and therapist Joan Garriga. As he writes in his book El buen amor en la pareja [The right kind of love in relationships]: “Your partner can bring you happiness, but they can’t make you happy. This is an important distinction.” In Garriga’s explanation, love and happiness are separate domains. Your happiness is your responsibility, not your partner’s. Needless to say, this flies in the face of just about every lyric we’ve ever heard in a love song!

mortgages, don’t give a flying fuck that their dads have lost their jobs and haven’t been able to find new ones. They don’t buy groceries, they don’t drive their grandmothers to physical therapy. They don’t remember the sound of their mother’s voice after a shift at the hospital when she says, I’m so tired. They aren’t fazed when we mention our worries at the sight of more MAKE AMERICA GREAT AGAIN signs populating the streets where we grew up. Instead, they stifle a yawn and say, Well. All we can do is move forward.

According to analysts, 666 Fifth Avenue had about a 30 percent vacancy rate and only generated about half of its annual mortgage. It was rumored that the largest tenant was planning to move out. A Canadian company named Brookfield Property Partners took a ninety-nine-year lease on 666 Fifth Avenue. Brookfield paid the rent for the entire century-long lease, upfront, which amounted to about $1.1 billion—removing Kushner’s biggest financial headache (a $1.4 billion mortgage on the office portion of the tower due in February 2019). Brookfield got its financing for this deal from a $750 million mortgage from ING Group, a Dutch multinational and financial services corporation, and a $300 million mezzanine loan from Apollo Global Management.9 However, the Qatar Investment Authority, the government-run agency that made decisions about the nations’ financial investments, bought a $1.8 billion stake in Brookfield Property Partners. As the second largest shareholder, they had a lot to say about what should be purchased; in this instance, they apparently used Brookfield to bail out 666 Fifth Ave. This investment was a godsend to Kushner, who was now out of debt just as Qatar was suddenly no longer blockaded by Mohammad bin Salman bin Abdulaziz Al Saud, crown prince of Saudi Arabia (known colloquially as MBS), and his allies.

Investment firms are buying up more vacation homes, aiming to cash in on growing demand from tourists and remote workers. Most vacation rental homes are owned by small-time owners who list their properties on websites such as Airbnb Inc., but the number of financial firms investing in the sector is growing. New York-based investment firm Saluda Grade is launching a venture with short-term- rental operator AvantStay Inc. to buy about $500 million of homes, the companies said Tuesday. Saluda Grade said it is also looking to raise debt by selling mortgage bonds backed by its homes to investors, the first vacation-rental mortgage securitization, according to the company. Andes STR, a startup that buys and manages short-term rental homes on behalf of investors, also recently signed a deal with Chilean investment firm WEG Capital to buy roughly $80 million of properties in the U.S., Andes said. These investors are betting they can get higher returns if they rent out homes by the night instead of by the year. Low-interest rates have made it more attractive to borrow and Buy Traditional Rental Homes, inflating property prices and making it harder for new buyers to turn a profit. That has prompted some institutions and wealthy families to look in more obscure corners of the property market where competition is smaller, investment advisers say. Some are turning to investments in vacation homes, where demand has surged in many places during the pandemic as more people choose to work from remote locations and leisure travel heated up last year. “There’s a lot more yield available in the short-term market,” said Saluda Grade’s chief executive, Ryan Craft. It is the latest sign of how the pandemic is changing the way people work and live, and how real-estate investors are angling to find new ways to profit from these shifts. Saluda Grade is targeting homes within driving distance of major population centers, Mr. Craft said. His company will buy the homes and AvantStay will manage them for a fee. But while vacation-rental homes can offer higher returns, they also pose challenges to investors. Mortgages are usually more expensive and harder to get for short-term rentals than for owner-occupied homes, said Giri Devanur, CEO of reAlpha Tech Corp., a startup that wants to pool money from small-time investors to buy short-term-rental homes.

A credit card comes in the mail. They use it and max it out. A loan company calls and says their greatest “asset,” their home, has appreciated in value. Because their credit is so good, the company offers a bill-consolidation loan and tells them the intelligent thing to do is clear off the high-interest consumer debt by paying off their credit card. And besides, mortgage interest is a tax deduction. They go for it, and pay off those high-interest credit cards. They breathe a sigh of relief. Their credit cards are paid off. They’ve now folded their consumer debt into their home mortgage. Their payments go down because they extend their debt over 30 years. It is the smart thing to do.

Well, anyway,” Joey went on blithely, “few years ago this guy calls me up. ‘Joey,’ he says, ‘I got big problems. The vacation market is in the shits, I can’t pay my mortgage. What should I do?’ I say, ‘How about you put some fucking pants on and get a job?’ He says, ‘I have no pants.’ I say, ‘I’ll buy you some.’ ‘No,’ he says. ‘Fuck pants.

Good, I’ve got things to do. This is all for the best, you’ll see. The girl is out of the way, the changes Mum made to her will are bound to be reversed. You’ll be able to pay your mortgage and I’ll be able to keep the gallery. Everyone’s a winner!” Jude says. “How can you talk like this?” “I open my mouth and the words come out.” “For god’s sake.

I’m thirty-three next week, Emmie,” he says. “My dad was thirty-three when he died, and from what people have told me, the dude spent every waking moment working his arse off to fit in. To pay off the mortgage. To get the next best car. Holidays. Loft extensions. Worked to the bone, to have everything he thought he should have. Probably because he was looking at people like you are, thinking they had it all compared to him.

I’m thirty-three next week, Emmie,” he says. “My dad was thirty-three when he died, and from what people have told me, the dude spent every waking moment working his arse off to fit in. To pay off the mortgage. To get the next best car. Holidays. Loft extensions. Worked to the bone, to have everything he thought he should have. Probably because he was looking at people like you are, thinking they had it all compared to him.” I stare at Eliot, my heart thumping. “And at thirty-three, that was it. Heart gave out, all over. And nobody once talked about the money he’d saved, the car he had, the holidays he took. They just talked about him, Emmie. Missed him. For what he was. Because that was enough.

where cotton grows man-tall in the very cracks of the sidewalk, mortgaged before it is even planted and sold and the money spent before it is ever harvested, and usury and mortgage and bankruptcy and measureless wealth all breed and spawn together until no man has time to say which is which, or cares ... This land, said the older hunter. No wonder the ruined woods I used to know don't cry for retribution. The very people who destroyed them will accomplish their revenge.

Charles Darrow set a goal when he was in his twenties; he determined that he was going to be a millionaire. This isn’t all that unusual today, but back then, it was extremely unusual. Charles lived during the Roaring Twenties, a time when a million dollars was an enormous sum. He married a woman named Esther, promising her that one day they would be millionaires. Then tragedy struck in 1929—the Great Depression. Both Charles and Esther lost their jobs. They mortgaged their house, gave up their car, and used all their life savings. Charles was absolutely crushed. He sat around the house depressed until one day he told his wife she could leave him if she wanted to. “After all,” he said, “it’s clear that we’re never going to reach our goal.” Esther wasn’t about to leave. She told Charles they were going to reach their goal, but they would need to do something every day to keep the dream alive. What she was trying to tell Charles was this: Don’t let your dreams die just because you made a few mistakes in the past. Don’t give up just because you tried something a few times, and it didn’t seem to work. God wants you to press on past mistakes. The devil wants you to give up. Progress requires paying a price, and sometimes the price you pay for progress is just to “keep on keeping on” and saying: “I’m not going to quit until I have some kind of victory.” Don’t be the kind of person whose way of dealing with everything hard is: “I quit!” Esther Darrow told her husband: “Keep your dream alive.” Charles responded: “It’s dead. We failed. Nothing’s going to work.” But she wouldn’t listen to that kind of talk; she refused to believe it. She suggested that every night they take some time to discuss what they would do toward reaching their dream. They began doing this night after night, and soon Charles came up with an idea of creating play money. His idea was something quite appealing since money was so scarce in those days. Since they were both out of work, he and Esther had lots of time, and now they had lots of easy money to play with. So they pretended to buy things like houses, property, and buildings. Soon they turned the fantasy into a full-fledged game with board, dice, cards, little houses, hotels . . . You guessed it. It was the beginning of a game you probably have in your closet right now; it’s called Monopoly.

On the thirtieth day the CEO called me,” says Long, “and told me he wanted to open a different kind of business, a business where the guys who would open it would have to put money into it alongside Arrow and that Arrow would loan the company money to grow the business. What Arrow wanted in return was the right to buy the business if things worked out. That’s how Capstone Electronics got started,” he says. “I took a mortgage on my house, put all my money into the company, and, as things turned out, the business boomed, Arrow bought it from us, and it was the first time in my life that I made some serious money and was able to pay off my mortgage, one hundred percent of my debts, and still have money in the bank.

Government's commitment to separating residential areas by race began nationwide following the violent suppression of Reconstruction after 1877. Although the Supreme Court in 1917 forbade the first wave of policies—racial segregation by zoning ordinance—the federal government began to recommend ways that cities could evade that ruling, not only in the southern and border states but across the country. In the 1920s a Harding administration committee promoted zoning ordinances that distinguished single-family from multifamily districts. Although government publications did not say it in as many words, committee members made little effort to hide that an important purpose was to prevent racial integration. Simultaneously, and through the 1920s and the Hoover administration, the government conducted a propaganda campaign directed at white middle-class families to persuade them to move out of apartments and into single-family dwellings. During the 1930s the Roosevelt administration created maps of every metropolitan area, divided into zones of foreclosure risk based in part on the race of their occupants. The administration then insured white homeowners' mortgages if they lived in all-white neighborhoods into which there was little danger of African Americans moving. After World War II the federal government went further and spurred the suburbanization of every metropolitan area by guaranteeing bank loans to mass-production builders who would create the all-white subdivisions that came to ring American cities. In 1973, the U.S. Commission on Civil Rights concluded that the 'housing industry, aided and abetted by Government, must bear the primary responsibility for the legacy of segregated housing. . . . Government and private industry came together to create a system of residential segregation.

Here’s how it works: let’s say your income is $150,000 per year, or $12,500 a month gross. At 36% DTI, your total monthly payments, including your proposed mortgage, taxes, homeowners insurance, and homeowners’ association (HOA) or condo fees can’t exceed $4,500.

What if,” you say to yourself, “Mr. Greenback starts attacking Fred’s business background, and Fred angrily hurls onto the table his home mortgage and papers for an existing loan made to his company?” (With this escalation, you figure, the conflict will toughen up.) It’s highly possible that the escalation would indeed make the conflict sharper and more interesting. It’s even logical that such an escalation could take place, growing out of a goal statement that didn’t necessarily promise such huge single-scene stakes. But throwing so many blue chips on the table carries with it the danger that the disaster which must now grow out of such an escalation could have greater scope than you desired early in your story; it’s possible that Fred could leave the bank not only sans his desired loan, but with his company loan called in for immediate payment and his home mortgage in jeopardy. And maybe that’s a disaster with considerably broader scope than you intended when you started to write this scene! Occasionally such a “surprise” may stimulate you to heighten tension throughout the rest of the story; usually, however, you’re in danger of losing control of both the direction and pace of your story. In like manner, overdoing it in an effort to bolster a scene’s conflict can bring on results that are too immediate.

and we might as well give up, because Standard Oil owns everything. He said they own Standard Brands, which in turn own Safeway Stores, which in turn own Pacific Fruit and Produce, which in turn has mortgages on all the farms. He says they are responsible for all the wars and that we are all just slaves being allowed to exist until the time comes when we can go into the trenches to protect Standard Oil.