Parts Of Mortgage Quotes

We have not noticed how fast the rest has risen. Most of the industrialized world--and a good part of the nonindustrialized world as well--has better cell phone service than the United States. Broadband is faster and cheaper across the industrial world, from Canada to France to Japan, and the United States now stands sixteenth in the world in broadband penetration per capita. Americans are constantly told by their politicians that the only thing we have to learn from other countries' health care systems is to be thankful for ours. Most Americans ignore the fact that a third of the country's public schools are totally dysfunctional (because their children go to the other two-thirds). The American litigation system is now routinely referred to as a huge cost to doing business, but no one dares propose any reform of it. Our mortgage deduction for housing costs a staggering $80 billion a year, and we are told it is crucial to support home ownership, except that Margaret Thatcher eliminated it in Britain, and yet that country has the same rate of home ownership as the United States. We rarely look around and notice other options and alternatives, convinced that "we're number one.

See that's where you're wrong baby. When you find your man, it's almost too easy. Gettin' married and havin' a mortgage, kids and a business to run and findin' a way to stay in love day in day out, that's the tougher part. But the beginning'… that parts easy as pie. That's why they call it fallin' because it happens before you have time to stop yourself.

Thoreau wrote, "the mass of men live lives of quiet desperation." This is as true today as it was back then. How many men stand on a balcony and wonder what happened?... He wanted adventure and he got two weeks' vacation. He wanted a mission and he got a lawn that needs mowing. He wanted purpose and he got a cubicle. He wanted a mighty steed and he got a minivan. He wanted a castle and he got a mortgage. He wanted a battle to fight and he got televised sports. He wanted wisdom and he got talking heads on TV. He wanted treasure and he got endless debt. He wanted every part of his life to be wonderful, and here he is... standing on a balcony, in bleak, ruminating hesitation.

See that's where you're wrong baby. When you find your man, it's almost too easy. Gettin' married and haven' a mortgage, kids and a business to run and findin' a way to stay in love day in day out, that's the tougher part. But the beginning'… that parts easy as pie. That's why they call it fallen' because it happens before you have time to stop yourself.

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

Stripped of the kind of judgments that are at the very heart of the idea of "credit", shot through with bad faith, [the mortgage broker's] work is now predicated on irresponsibility, rooted in the absence of community. Whatever lingering fiduciary consciousness he may have has become a liability, given the general rush to irresponsibility by his competitors. The work cannot sustain him as a human being. Rather, it damages the best part of him, and it becomes imperative to partition work off from the rest of life.

Boulton sold the estate which had come to him by his wife, and the greater part of his father's property, and mortgaged the remainder. It is evident that the great captain had taken in hand far too many enterprises. Probably he had not heard the new doctrine: "Put all your eggs in one basket and then watch that basket.

It goes like this: go to school, get brainwashed, go to college, get more brainwashed, drink beer, get a degree, get a job, get married, have kids, get promoted, get a mortgage, take a yearly vacation, buy stuff on the holidays, retire, take up golf, be a grandparent, get cancer and die. The matrix exists to make sure you follow this formula, so that you can do your part to support the very system that’s enslaving you. Except you think you’re free because you went to Maui for a week last June. That’s not freedom, my love. That’s a bone.

Subprime mortgage lending was still a trivial fraction of the U.S. credit markets—a few tens of billions in loans each year—but its existence made sense, even to Steve Eisman. “I thought it was partly a response to growing income inequality,” he said. “The distribution of income in this country was skewed and becoming more skewed, and the result was that you have more subprime customers.

That was how all of science worked, anyway. They were all pieces of some other eventual thing. The atom was part of the atomic bomb. Cataclysm, carnage, world wars, subprime mortgage lending, bank bailouts. In Callum's mind, human history was interesting because of humans, not science.

Purchase Price $250,000 Down Payment $ 25,000 Mortgage Amount $225,000 At 7% Interest Rate 30 Years $1,349 $485,636 15 Years $1,899 $341,762 Difference $550 $143,874 Five hundred fifty dollars more per month, and you will save almost $150,000 and fifteen years of bondage. The really interesting thing I have observed is that fifteen-year mortgages always pay off in fifteen years. Again, part of a Total Money Makeover is putting in place systems that automate smart moves, which is what a fifteen-year mortgage is. Thirty-year mortgages are for people who enjoy slavery so much they want to extend it for fifteen more years and pay thousands of dollars more for the privilege. If you must take out a mortgage, pretend only fifteen-year mortgages exist. If you have a great interest rate, it is not necessary to refinance to pay a mortgage off in fifteen years or earlier. Simply make payments as if you have a fifteen-year mortgage, and your mortgage will pay off in fifteen years. If you want to pay any mortgage off in twelve years or any number you want, visit my website or get a calculator and calculate the proper payment at your interest rate on your balance for a twelve-year mortgage (or the number you want). Once you have that payment amount, add to your monthly mortgage payment the difference between the new principal and interest payment and your current principal and interest payment, and you will pay off your home in twelve years.

It wasn’t supposed to be like this. You work and pay off the mortgage and pay taxes and do what you should. You marry. For better or for worse until death do us part, wasn’t that what they agreed? Ove remembers quite clearly that it was. And she wasn’t supposed to be the first one to die. Wasn’t it bloody well understood that it was his death they were talking about? Well, wasn’t

De facto segregation, we tell ourselves, has various causes. when African Americans moved into a neighborhood like Ferguson, a few racially prejudiced white families decided to leave, and then as the number of black families grew, the neighborhood deteriorated, and "white flight" followed. Real estate agents steered whites away from black neighborhoods, and blacks away from white ones. Banks discriminated with "redlining," refusing to give mortgages to African Americans or extracting unusually severe terms from them with subprime loans. African Americans haven't generally gotten the educations that would enable them to earn sufficient incomes to live in white suburbs, and, as a result, many remain concentrated in urban neighborhoods. Besides, black families prefer to live with one another. All this has some truth, but it remains a small part of the truth, submerged by a far more important one: until the last quarter of the twentieth century, racially explicit policies of federal, state, and local governments defined where whites and African Americans should live. Today's residential segregation in the North, South, Midwest, and West is not the unintended consequence of individual choices and of otherwise well-meaning law or regulation but of unhidden public policy that explicitly segregated every metropolitan area in the United States. The policy was so systematic and forceful that its effects endure to the present time. Without our government's purposeful imposition of racial segregation, the other causes - private prejudice, white flight, real estate steering, bank redlining, income differences, and self-segregation - still would have existed but with far less opportunity for expression. Segregation by intentional government action is not de facto. Rather, it is what courts call de jure: segregation by law and public policy.

No one wants to die,” Nadir replied. “But everyone will. For the most part, we ignore our finite existence, pretending there are more important concerns—paying the mortgage, saving for a new car, looking for a new job, but really these are distractions. Nothing compares to the privilege of life and the travesty of death. “Once you accept that everyone dies, then it matters not that you die but rather what you do with your life. The joy of life is to bring light into the world.

They want you because you’re money.” “What?” “You’re mortgaged, Jim. Like a farm, like a house. Really, the bank owns you. Miss Watson gets a bond, a piece of paper that say what you’re worth, and you just keep living in this condition. Living. You’re a part of the bank’s assets and so people all over the world are making money off your scarred black hide. Make sense? Nobody wants you free.” “Somebody does. There’s a war.” She nodded. “Maybe you won’t be a slave, but you won’t be free.

Plath was determined to play her part, but, as Stevenson’s speech suggests, the odds were against her. She lived in a shamelessly discriminatory age when it was almost impossible for a woman to get a mortgage, loan, or credit card; when newspapers divided their employment ads between men and women (“Attractive Please!”); the word “pregnant” was banned from network television; and popular magazines encouraged wives to remain quiet because, as one advice columnist put it, “his topics of conversation are more important than yours.

There’s a common misconception that Silicon Valley is the accelerator of the world. The real story is that the world keeps getting faster—Silicon Valley is just the first place to figure out how to keep pace. While Silicon Valley certainly has many key networks and resources that make it easier to apply the techniques we’re going to lay out for you, blitzscaling is made up of basic principles that do not depend on geography. We’re going to show you examples from overlooked parts of the United States, such as Detroit (Rocket Mortgage) and Connecticut (Priceline), as well as from international companies, such as WeChat and Spotify. In the process you’ll see how the lessons of blitzscaling can be adapted to help build great companies in nearly any ecosystem, albeit with differing degrees of difficulty. That’s the mission of this book. We want to share the secret weapon that has allowed Silicon Valley to punch so much (more than a hundred times) above its population index so that those lessons can be applied far beyond the sixty-mile stretch between the Golden Gate Bridge and San Jose. It is sorely needed.

Well, this was predictable. House Republicans last week acceded to an extension of the Export-Import Bank for at least the next nine months. The Export-Import Bank is far from the worst example of government-business cronyism. I just completed a history of American political corruption and actually had to leave Ex-Im on the cutting room floor. Its cronies are pikers compared with the corporate moguls that take advantage of tax preferences like the G.E. and Apple loopholes. They also cannot hold a candle to the American Medical Association, which is basically free to write the reimbursement rates for Medicare Part B. And nothing compares to Fannie Mae and Freddie Mac from 1991-2008. The two mortgage giants kept the entire D.C. political class bent over a barrel for almost 20 years as its top executives reaped enormous bonuses while putting the broader economy at risk.

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!

Similar declarations are to be found again and again, in Sumerian and later Babylonian and Assyrian records, and always with the same theme: the restoration of “justice and equity,” the protection of widows and orphans, to ensure—as Hammurabi was to put it when he abolished debts in Babylon in 1761 BC—“that the strong might not oppress the weak.”14 In the words of Michael Hudson, The designated occasion for clearing Babylonia’s financial slate was the New Year festival, celebrated in the spring. Babylonian rulers oversaw the ritual of “breaking the tablets,” that is, the debt records, restoring economic balance as part of the calendrical renewal of society along with the rest of nature. Hammurabi and his fellow rulers signaled these proclamations by raising a torch, probably symbolizing the sun-god of justice Shamash, whose principles were supposed to guide wise and fair rulers. Persons held as debt pledges were released to rejoin their families. Other debtors were restored cultivation rights to their customary lands, free of whatever mortgage liens had accumulated.15

The subprime market tapped a segment of the American public that did not typically have anything to do with Wall Street: the tranche between the fifth and the twenty-ninth percentile in their credit ratings. That is, the lenders were making loans to people who were less creditworthy than 71 percent of the population. Which of these poor Americans were likely to jump which way with their finances? How much did their home prices need to fall for their loans to blow up? Which mortgage originators were the most corrupt? Which Wall Street firms were creating the most dishonest mortgage bonds? What kind of people, in which parts of the country, exhibited the highest degree of financial irresponsibility? The default rate in Georgia was five times higher than that in Florida, even though the two states had the same unemployment rate. Why? Indiana had a 25 percent default rate; California, only 5 percent, even though Californians were, on the face of it, far less fiscally responsible. Why? Vinny and Danny flew down to Miami, where they wandered around empty neighborhoods built with subprime loans, and saw with their own eyes how bad things were. “They’d

Ohio hadn’t gone through the same real estate boom as the Sun Belt, but the vultures had circled the carcasses of dying industrial towns––Dayton, Toledo, Mansfield, Youngstown, Akron––peddling home equity loans and refinancing. All the garbage that blew up in people’s faces the same way subprime mortgages had. A fleet of nouveau riche snake oil salesmen scoured the state, moving from minority hoods where widowed, churchgoing black ladies on fixed incomes made for easy marks to the white working-class enclaves and then the first-ring suburbs. The foreclosures began to crop up and then turn into fields of fast-moving weeds, reducing whole neighborhoods to abandoned husks or drug pens. Ameriquest, Countrywide, CitiFinancial––all those devious motherfuckers watching the state’s job losses, plant closings, its struggles, its heartache, and figuring out a way to make a buck on people’s desperation. Every city or town in the state had big gangrenous swaths that looked like New Canaan, the same cancer-patient-looking strip mall geography with brightly lit outposts hawking variations on usurious consumer credit. Those entrepreneurs saw the state breaking down like Bill’s truck, and they moved in, looking to sell the last working parts for scrap.

If you are stuck in circumstances in which it takes Herculean efforts to get through the day— doing low-income work, obeying an authoritarian boss, buying clothes for the children, dealing with school issues, paying the rent or mortgage, fixing the car, negotiating with a spouse, paying taxes, and caring for older parents— it is not easy to pay close attention to larger political issues. Indeed you may wish that these issues would take care of themselves. It is not a huge jump from such a wish to become attracted to a public philosophy, spouted regularly at your job and on the media, that economic life would regulate itself automatically if only the state did not repeatedly intervene in it in clumsy ways. Now underfunded practices such as the license bureau, state welfare, public health insurance, public schools, public retirement plans, and the like begin to appear as awkward, bureaucratic organizations that could be replaced or eliminated if only the rational market were allowed to take care of things impersonally and quietly, as it were. Certainly such bureaucracies are indeed often clumsy. But more people are now attracted to compare that clumsiness to the myth of how an impersonal market would perform if it took on even more assignments and if state regulation of it were reduced even further. So a lot of “independents” and “moderates” may become predisposed to the myth of the rational market in part because the pressures of daily life encourage them to seek comfort in ideological formations that promise automatic rationality.

… 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)

at the seat. Instead of blowing his top, he picked me up in his arms and said, "You did it?" I nodded, "Yes I did it!" "But, look son." He tried to explain, "I can't go out with a bottomless pajama — I am a man". I whispered, "And so am I". He just stared, and embraced me. And from that day I got proper pajamas to wear. Dad was a great friend, a very understanding and loving person. Time flies fast — my father's leave was almost over, but the construction work still remained incomplete. He had to go back to Amritsar to resume his duties, and my mother badly needed more money. Two days before his departure he took a loan of Rs. 1,500 from a friend, a Zargar (ornament maker), to somehow finish the construction work, and mortgaged our part of the haveli for this amount. This Rs. 1,500 brought a lot of trouble and hardship to the family as the interest for the loan went on adding. My father resigned his job as a postman and searched for a new clerical job. He did his best to pay off the loan; he but could not. Destiny's smile had changed into a fearsome frown. Soon my little sister Guro was born. While my father slogged in Amritsar to support the family and pay the monthly interest, my mother and grandmother somehow managed to survive. I fell sick, very very sick and the chubby child was soon a bundle of bones. The fair skin was tarnished and looked quite dusky. The handsome Kidar Nath became an ugly urchin. Lack of nourishment also made me a dull boy. The only thought that kept me alive was that my father was my best friend, and that I must stand by my best friend and help him to surmount his difficulties. Having found a tenant for the rebuilt Haveli, we all moved to Amritsar. Across our house lived a shop-keeper known for being a miser. He called a carpenter to fix the main door to his dwelling, because the top of the frame had cracked. A robust argument ensued because the shop-keeper would pay only half a rupee, while the carpenter wanted one. His reason being that an appropriate piece of wood had to be cut to match the area being repaired and then he would have to level the surfaces at a very awkward angle. But the owner was adamant and said, "Just nail the piece of wood, do not level it or do any fancy work, because I shall pay you only half a rupee", as he walked away in a huff.

Pages 85-87: Lower Burma when first occupied … was a vast deltaic plain of swamp and jungle, with a secure rainfall; when the opening of the canal created a market for rice, this wide expanse of land was rapidly reclaimed by small cultivators … Formerly, the villager in Lower Burma, like peasants in general, cultivated primarily for home consumption, and it has always been the express policy of the Government to encourage peasant proprietorship. Land in the delta was abundant … The opening of the canal provided a certain and profitable market for as much rice as people could grow. … men from Upper Burma crowded down to join in the scramble for land. In two or three years a laborer could save out of his wages enough money to buy cattle and make a start on a modest scale as a landowner. … The land had to be cleared rapidly and hired labor was needed to fell the heavy jungle. In these circumstances newly reclaimed land did not pay the cost of cultivation, and there was a general demand for capital. Burmans, however, lacked the necessary funds, and had no access to capital. They did not know English or English banking methods, and English bankers knew nothing of Burmans or cultivation. … in the ports there were Indian moneylenders of the chettyar caste, amply provided with capital and long accustomed to dealing with European banks in India. About 1880 they began to send out agents into the villages, and supplied the people with all the necessary capital, usually at reasonable rates and, with some qualifications, on sound business principles. … now the chettyars readily supplied the cultivators with all the money that they needed, and with more than all they needed. On business principles the money lender preferred large transactions, and would advance not merely what the cultivator might require but as much as the security would stand. Naturally, the cultivator took all that he could get, and spent the surplus on imported goods. The working of economic forces pressed money on the cultivator; to his own discomfiture, but to the profit of the moneylenders, of European exporters who could ensure supplies by giving out advances, of European importers whose cotton goods and other wares the cultivator could purchase with the surplus of his borrowings, and of the banks which financed the whole economic structure. But at the first reverse, with any failure of the crop, the death of cattle, the illness of the cultivator, or a fall of prices, due either to fluctuations in world prices or to manipulation of the market by the merchants, the cultivator was sold up, and the land passed to the moneylender, who found some other thrifty laborer to take it, leaving part of the purchase price on mortgage, and with two or three years the process was repeated. … As time went on, the purchasers came more and more to be men who looked to making a livelihood from rent, or who wished to make certain of supplies of paddy for their business. … Others also, merchants and shopkeepers, bought land, because they had no other investment for their profits. These trading classes were mainly townsfolk, and for the most part Indians or Chinese. Thus, there was a steady growth of absentee ownership, with the land passing into the hands of foreigners. Usually, however, as soon as one cultivator went bankrupt, his land was taken over by another cultivator, who in turn lost with two or three years his land and cattle and all that he had saved. [By the 1930s] it appeared that practically half the land in Lower Burma was owned by absentees, and in the chief rice-producing districts from two-thirds to nearly three-quarters. … The policy of conserving a peasant proprietary was of no avail against the hard reality of economic forces…

While some free people worked to free family and friends, others saw their elevation as dependent upon slavery.They staked their claim to equality not as abolitionists, in the manner of northern free blacks, but as partisans of the slaveholders' regime. To such men and women, nothing more fully demonstrated their rights as subjects or as citizens than their ability to own slaves. By demonstrating their allegiance to the slaveholder's ideal, slaveownership refuted the planters' oft-stated belief that free people of color were noting more than slaves without masters. Like ambitious whites, free people of color bought and sold slaves, used slaves as bequests, donations, and gifts in marriage contracts, and employed slaves as collateral in mortgages and other transactions. If in the process, families were divided and men and women shipped to distant parts, black slaveowners - like white ones - accepted those consequences as an unfortunate necessity. Presenting slave ownership as evidence of their political reliability, these free people of color rested their case for enfranchisement and equality.

It wasn't supposed to be like this. You work and pay off the mortgage and pay tax and do what you should. You marry, For better or for worse until death do us part, wasn't that what they agreed? Ove remembers quite clearly that is was. And she wasn't supposed to be the first one to die. Wasn't it bloody well understood that it was his death they were talking about ? Well, wasn't it?

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

Several months earlier Shara and I had bought a home together. Well, to be more accurate it was a barge, moored on the Thames in central London. Neil had spotted it for us, and we looked around it straight away. I instantly loved it. We had previously been quite close to putting in an offer on a tiny, poky studio flat in London--but deep down I was concerned. For a start, I couldn’t really afford it. Dad had offered to help me secure a mortgage if I could make the repayments, but I knew it would be a stretch to make those every month. The barge, on the other hand, was less than half the price--and way cooler. It was pretty sparse, cold, and damp when we looked around it, and Shara and her family were definitely a little tentative at first. But I got to work on the PR front. “Hey, it will be fun. We can do it up together--it will be a challenge. We can then make it all cozy and a home.” Shara tilted her head at me in her way. “I’m a little nervous about the ‘challenge’ bit. Can we focus on the homely and cozy part of the plan instead, sweetheart?” she replied, still looking concerned. (Sure enough, she totally changed after we got to live on our barge for a while, and nowadays, wild horses couldn’t force her to sell the boat. I love that in her. Shara always takes such a lot of convincing, and then once she makes something “hers,” it is hers forever. Me included.)

In 2009, Zeke and I decided to entertain suitors, in large part because Zeke’s charter school, the Equity Project, was in full swing.* It wasn’t an easy decision, but we felt that having a well-resourced parent would ensure that the company would thrive in the long term. After a competitive bidding process, we agreed to be acquired by Kaplan and the Washington Post Company in December of that year. I remember the day vividly. After all the documents were signed, I sat there and waited for the transfer to clear. I was sitting at my web browser, hitting refresh over and over again until it cleared in the late afternoon. And there it was. I let out a “Yeah!” and emerged from my office. I walked around dispensing checks to employees, as we had set aside a bonus pool for both staff and instructors. It’s a lot of fun giving away money. I was Asian Santa Claus for a day. I went home for the holidays the following week. At this point my parents were quite pleased with me; my assuming the mortgage on their apartment likely had something to do with that. I zeroed out my student loans that week too. I’d gone from scrapping and scrimping for almost a decade to being a thirty-four-year-old millionaire.

For that purpose, partly as the result of Ranieri’s persistent lobbying, two new facilities had sprung up in the federal government alongside Ginnie Mae. They guaranteed the mortgages that did not qualify for the Ginnie Mae stamp. The Federal Home Loan Mortgage Corporation (called Freddie Mac) and the Federal National Mortgage Association (called Fannie Mae) between them, by giving their guarantees, were able to transform most home mortgages into government-backed bonds.

The Ten Commandments As Interpreted by Robin Palmetier 1. Don’t lie. Unless it’s to the police. 2. Don’t cheat your customers. Robin always made sure her dime bags were just a bit larger than any other dealers’ in the area, insuring loyalty in her clientele. 3. Always be polite. Especially to people who don’t like you, as it will piss them off. 4. Don’t steal from anyone. Anyone meaning people, leaving corporations and the IRS fair game. 5. Don’t kill. This one was also on the Bible’s list but, like many Christians, Robin had a long list of exceptions to this rule. It was okay to kill sexual predators (unless they were born-again while serving time), liberal commentators, and anyone described as a "bad guy" by the greatest journalist and political leader of all time, Box News commentator Malcolm Wright. Unless, of course, Mr. Wright happened to be talking about one of her personal friends, which, on occasion, he had. 6. Do not take the Lord’s name in vein. Shit, fuck, cock, pussy, bitch, bastard and their ilk were just fine. Goddamn’s and Jesus Christ’s were no-no’s. 7. Always repay a favor with a favor. Someone does something nice for you, do something nice right back. Being in someone’s debt is a dangerous thing. 8. Affirm that every word in the Bible is true, except the parts that clearly aren’t. Like that thing about eating shellfish—though supposedly an abomination on par with adultery, murder, poly-cotton blends and paying interest on a mortgage—it could not possibly be God’s will. Robin loved scallops and knew the good Lord would not wish to deny her this pleasure. 9. Discuss all decisions with God directly and listen closely to his advice. Sadly, when Praline tried this himself he got nothing but an extended silence, while his mother always seemed to get very detailed instructions. 10. Always remember your mama loves you.

The practice of marking neighborhoods according to the race of its inhabitants dates back to the 1930s, when the federal government decided it wanted to evaluate various residential areas across the country according to their “riskiness” for mortgage lenders. Bureaucrats at the federal Home Owners’ Loan Corporation sat down and decided to color-code neighborhoods according to the “danger” posed by borrowers to lenders. Neighborhoods that were considered the highest risk were marked in red—and banks were duly alerted that it was not going to be a good idea to lend money to people in those areas. These redlined areas also happened to be the parts of the country with the highest populations of Black people and other people of color and immigrants.

Suraj solar and allied industries, Wework galaxy, 43, Residency Road, Bangalore-560025. Mobile number : +91 808 850 7979 Sunease Sun oriented - Driving solar power system suppliers in bangalore Sunease Sun oriented has set up a good foundation for itself as one of the most trusted and dependable solar power system suppliers in bangalore. With a solid spotlight on maintainability and development, the organization is committed to giving great sun based energy arrangements that take special care of both private and business needs. As the interest for sustainable power develops, Sunease Sun oriented keeps on being at the bleeding edge of this green upheaval, assisting people and organizations with doing the change to spotless, environmentally friendly power. A Promise to Environmentally friendly power Energy Sunease Sun oriented was established with the vision of making a supportable future through environmentally friendly power arrangements. Perceiving the rising natural worries and the need to diminish dependence on ordinary energy sources, the organization has committed itself to giving state of the art sun based power frameworks that outfit the plentiful energy of the sun. By making sunlight based power reasonable and open, Sunease Sun oriented is assuming a huge part in the change toward a greener planet. Thorough Scope of Sun based Arrangements Sunease Sun oriented offers a wide assortment of sun based power frameworks intended to address different issues. Whether you are a property holder hoping to diminish your power bills or a business looking for a feasible energy arrangement, Sunease Sun based has the right items and administrations to meet your necessities. Private Sunlight based Arrangements: Sunease Sun powered gives fitted answers for mortgage holders hoping to make their properties more energy-productive. Their private frameworks incorporate roof sunlight powered chargers, inverters, and batteries, all intended to expand energy creation and decrease power costs. With proficient sunlight based chargers, mortgage holders can appreciate lower power bills while adding to a cleaner climate. Business and Modern Arrangements: Sunease Sun based likewise works in huge scope planetary groups for business and modern clients. These frameworks are intended to fulfill the higher energy needs of organizations, assisting them with lessening their working expenses and carbon impression. By picking sunlight based energy, organizations can improve their maintainability certifications and fit the bill for environmentally friendly power energy motivators. Custom Sun oriented Ventures: notwithstanding standard bundles, Sunease Sun based offers redid sunlight based power answers for meet the special requirements of different clients. Their group of specialists assesses the site, energy prerequisites, and financial plan to plan a framework that conveys ideal execution. Quality Items and Administrations At Sunease Sunlight based, quality is central. The organization accomplices with driving sunlight based hardware makers to guarantee that their clients get elite execution, sturdy, and proficient items. The sunlight powered chargers, inverters, and mounting frameworks given by Sunease Sun oriented are completely confirmed and tried for dependability. Also, Sunease Sunlight based is known for its proficient establishment administrations. Their accomplished group handles all that from site evaluation and plan to establishment and support, guaranteeing a consistent encounter for clients. After-Deals Backing and Upkeep Sunease Sunlight based stands apart for its outstanding client assistance and after-deals support. The organization gives standard support administrations and observing answers for guarantee that the nearby planet groups keep on performing at their best.

Suraj solar and allied industries, Wework galaxy, 43, Residency Road, Bangalore-560025. Mobile number : +91 808 850 7979 Understanding the idea of sun oriented streetlamps Sun powered streetlamps have arisen as a feasible and effective lighting arrangement, particularly in metropolitan regions like Bangalore. By bridling the force of the sun, these lighting apparatuses offer various benefits over customary matrix based frameworks. In this article, we dive into the universe of sun powered streetlamps, investigating their advantages, evaluating factors, provider determination best practices, and future innovation patterns. Whether you are a mortgage holder, entrepreneur, or city organizer in Bangalore, understanding the complexities of sunlight based streetlamps can assist you with pursuing informed choices towards a greener and more savvy lighting arrangement. ### 1. Prologue to Sun based Streetlamps #### Understanding the idea of sunlight based streetlamps Hi, brilliant personalities! How about we shed some light on sun oriented streetlamps. These clever creations bridle the force of the sun to enlighten our roads, making them eco-accommodating as well as financially savvy. ### 2. Advantages of Sun powered Streetlamps in Bangalore #### Natural benefits of sun oriented streetlamps By changing to, Solar Street Light Price in Bangalore we're giving contamination a dimmer switch. These lights decrease fossil fuel byproducts and assist with keeping our city's air cleaner and fresher. #### Monetary advantages for Bangalore inhabitants and organizations Who doesn't cherish saving a couple of bucks? Sunlight based streetlamps cut power bills as well as require negligible upkeep, saving the two occupants and organizations in Bangalore some well deserved cash. ### 3. Factors Influencing Sun oriented Streetlamp Costs #### Nature of sunlight based chargers and battery frameworks Very much like a decent sunscreen, quality matters with regards to sunlight based chargers and batteries. Putting resources into first class parts guarantees dependable execution and productivity. #### Establishment and support costs Introducing sunlight based streetlamps resembles sowing seeds for reserve funds. While beginning expenses might shift, the drawn out benefits offset them, with insignificant upkeep expected to keep those lights radiating brilliantly. ### 4. Correlation of Solar Street Light Price in Bangalore #### Cost range examination of sunlight based streetlamps in Bangalore From financial plan cordial choices to grand models, there's a sunlight based streetlamp for each wallet size in Bangalore. Contrasting costs and highlights can assist you with tracking down the ideal fit for your necessities. #### Deciding the best incentive for cash With regards to sun oriented streetlamps, it's about the sticker price as well as the profit from venture. Finding a harmony among cost and quality guarantees you get the best value for your money in Bangalore. In this way, that's essentially it - a focusing manual for sun powered streetlamps in Bangalore. We should light up the roads, each watt in turn! 5. Best Practices for Picking Sun based Streetlamp Providers Exploring trustworthy sun oriented streetlamp producers With regards to picking a sun oriented streetlamp provider, getting your work done is significant. Search for makers with a strong standing for quality items and dependable help. You need a provider that has insight in the business and a history of following through on their commitments. Inspecting client criticism and tributes Client input can give important experiences into the exhibition of a sun based streetlamp provider. Look at surveys and tributes from past clients to measure fulfillment levels. Positive criticism is a decent pointer that the provider is reliable and follows through on their responsibilities.

In the mortgage business, is it wise to be a proponent of the free market? No. As the economy boomed after World War II, the United States government entered into the housing business. Post-War, U.S. housing policy backed home loans. When the government enters into any business, that business sector - its size, its shape, its construct, entrants into the business and business behavior overall - changes. Housing is no different. The Servicemen's Readjustment Act of 1944 - we know this to be the GI Bill - helped Veterans transition from soldier to citizen. A gateway to the middle class for countless U.S. Veterans was homeownership. Homeownership made possible through no-down payment VA loans. When speaking about the government’s role in housing, the Department of Housing and Urban Development comes to mind. HUD. HUD was formed in 1965. See low down payment FHA loans. With low down payments, there will be elevated levels of home purchases. Thanks in no small part to the low down payment. In terms of homeownership, countless Veterans - as well as those who benefit by obtaining an FHA loan - can and should acknowledge that the “free market” is not the reason they have been to benefit from homeownership. Government is the reason.

It wasn’t supposed to be like this. You work and pay off the mortgage and pay taxes and do what you should. You marry. For better or for worse until death do us part, wasn’t that what they agreed? Ove remembers quite clearly that it was. And she wasn’t supposed to be the first one to die. Wasn’t it bloody well understood that it was his death they were talking about? Well, wasn’t it?

Colonial Policy and Practice: A Comparative Study of Burma and Netherlands India by J. S. Furnivall Quoting page 85-87: Lower Burma when first occupied … was a vast deltaic plain of swamp and jungle, with a secure rainfall; when the opening of the canal created a market for rice, this wide expanse of land was rapidly reclaimed by small cultivators … Formerly, the villager in Lower Burma, like peasants in general, cultivated primarily for home consumption, and it has always been the express policy of the Government to encourage peasant proprietorship. Land in the delta was abundant … The opening of the canal provided a certain and profitable market for as much rice as people could grow. … men from Upper Burma crowded down to join in the scramble for land. In two or three years a labourer could save out of his wages enough money to buy cattle and make a start on a modest scale as a landowner. … The land had to be cleared rapidly and hired labour was needed to fell the heavy jungle. In these circumstances newly reclaimed land did not pay the cost of cultivation, and there was a general demand for capital. Burmans, however, lacked the necessary funds, and had no access to capital. They did not know English or English banking methods, and English bankers knew nothing of Burmans or cultivation. … in the ports there were Indian moneylenders of the chettyar caste, amply provided with capital and long accustomed to dealing with European banks in India. About 1880 they began to send out agents into the villages, and supplied the people with all the necessary capital, usually at reasonable rates and, with some qualifications, on sound business principles. … now the chettyars readily supplied the cultivators with all the money that they needed, and with more than all they needed. On business principles the money lender preferred large transactions, and would advance not merely what the cultivator might require but as much as the security would stand. Naturally, the cultivator took all that he could get, and spent the surplus on imported goods. The working of economic forces pressed money on the cultivator; to his own discomfiture, but to the profit of the moneylenders, of European exporters who could ensure supplies by giving out advances, of European importers whose cotton goods and other wares the cultivator could purchase with the surplus of his borrowings, and of the banks which financed the whole economic structure. But at the first reverse, with any failure of the crop, the death of cattle, the illness of the cultivator, or a fall of prices, due either to fluctuations in world prices or to manipulation of the market by the merchants, the cultivator was sold up, and the land passed to the moneylender, who found some other thrifty labourer to take it, leaving part of the purchase price on mortgage, and with two or three years the process was repeated. … As time went on, the purchasers came more and more to be men who looked to making a livelihood from rent, or who wished to make certain of supplies of paddy for their business. … Others also, merchants and shopkeepers, bought land, because they had no other investment for their profits. These trading classes were mainly townsfolk, and for the most part Indians or Chinese. Thus, there was a steady growth of absentee ownership, with the land passing into the hands of foreigners. Usually, however, as soon as one cultivator went bankrupt, his land was taken over by another cultivator, who in turn lost with two or three years his land and cattle and all that he had saved. [By the 1930s] it appeared that practically half the land in Lower Burma was owned by absentees, and in the chief rice-producing districts from two-thirds to nearly three-quarters. … The policy of conserving a peasant proprietary was of no avail against the hard reality of economic forces…

It began to be a part of me, this sweep, this pay-off-the-mortgage play they are now calling The Lombardi Sweep, during my days at Fordham. I was impressed playing against the Single-Wing sweep the way those Pittsburgh teams of Jock Sutherland ran it. And I was impressed again in those early days of attending coaching clinics when the Single Wing was discussed. Today our sweep has a lot of those Sutherland qualities, the same guard-pulling techniques, the same ball-carrier cutback feature, and there's nothing spectacular about it. It's just a yard-gainer, and I've diagrammed it so many times and coached it so much and watched it evolve so often since I first put it in with the Giants eight years ago that I think I see it in my sleep.

It was the German powerhouse Deutsche Bank AG, not my fictitious RhineBank, that financed the construction of the extermination camp at Auschwitz and the nearby factory that manufactured Zyklon B pellets. And it was Deutsche Bank that earned millions of Nazi reichsmarks through the Aryanization of Jewish-owned businesses. Deutsche Bank also incurred massive multibillion-dollar fines for helping rogue nations such as Iran and Syria evade US economic sanctions; for manipulating the London interbank lending rate; for selling toxic mortgage-backed securities to unwitting investors; and for laundering untold billions’ worth of tainted Russian assets through its so-called Russian Laundromat. In 2007 and 2008, Deutsche Bank extended an unsecured $1 billion line of credit to VTB Bank, a Kremlin-controlled lender that financed the Russian intelligence services and granted cover jobs to Russian intelligence officers operating abroad. Which meant that Germany’s biggest lender, knowingly or unknowingly, was a silent partner in Vladimir Putin’s war against the West and liberal democracy. Increasingly, that war is being waged by Putin’s wealthy cronies and by privately owned companies like the Wagner Group and the Internet Research Agency, the St. Petersburg troll factory that allegedly meddled in the 2016 US presidential election. The IRA was one of three Russian companies named in a sprawling indictment handed down by the Justice Department in February 2018 that detailed the scope and sophistication of the Russian interference. According to special counsel Robert S. Mueller III, the Russian cyber operatives stole the identities of American citizens, posed as political and religious activists on social media, and used divisive issues such as race and immigration to inflame an already divided electorate—all in support of their preferred candidate, the reality television star and real estate developer Donald Trump. Russian operatives even traveled to the United States to gather intelligence. They focused their efforts on key battleground states and, remarkably, covertly coordinated with members of the Trump campaign in August 2016 to organize rallies in Florida. The Russian interference also included a hack of the Democratic National Committee that resulted in a politically devastating leak of thousands of emails that threw the Democratic convention in Philadelphia into turmoil. In his final report, released in redacted form in April 2019, Robert Mueller said that Moscow’s efforts were part of a “sweeping and systematic” campaign to assist Donald Trump and weaken his Democratic rival, Hillary Clinton. Mueller was unable to establish a chargeable criminal conspiracy between the Trump campaign and the Russian government, though the report noted that key witnesses used encrypted communications, engaged in obstructive behavior, gave false or misleading testimony, or chose not to testify at all. Perhaps most damning was the special counsel’s conclusion that the Trump campaign “expected it would benefit electorally from the information stolen and released through Russian efforts.

As the clamour grew, with support from the Courts,49 against the iniquities which inflation had caused, the government attempted to redress what grievances it could. By the decree of February 14, 1924, known as the Third Taxation Ordinance (one of more than 70 ordinances issued during the period of the Enabling Act), industrial debentures and mortgages were revalued at 15 per cent of their original gold price. Mortgage bonds, savings bank deposits and other obligations were revalued at slightly higher rates. Meagre as these terms may have been, they meant nothing to people who had been obliged to part with their securities or whose credits had been paid off in paper earlier on. A further law of July 1925 therefore introduced a retrospective element to cover extinct mortgages and debentures which had been held in good faith since at least five years before, and raised the rate of mortgage revaluation to 25 per cent.

All profit-bearing possessions or capital, tend to exonerate their owners from labor, and to throw the labor that supports society on a part only of its members. Now, as almost all wealth is the product of labor, this diminution of labor diminishes wealth, or, at least, increases poverty, by placing heavier burdens on the laboring class. This, however, is a very small part of the evil effects of individual wealth. Society requires it of the rich to live according to their income, to fare sumptuously, to have costly dress, furniture, equipage, houses, &c., and to keep many servants. Their incomes are spent in luxuries, and thousands of laborers are taken off from the production of necessaries to produce those luxuries, or to wait on their owners. Thus, the burden of the support of society, so far as the ordinary comforts and necessaries of life are concerned, are thrown on fewer and fewer, as private wealth and luxury increase. It requires a thousand pauper laborers to sustain one millionaire, and without them his capital will produce no profit. This accounts for the great numbers and excessive poverty of the mass in England. Half the boasted capital of England, probably two-thirds of it, is but a mortgage of the bones and sinews of the laborers, now and forever, to the capitalists. The national debt, stocks of all kinds, money at interest, and indeed all debts, represent this sort of private wealth, which is national poverty. . . . luxury is the greatest sin against society; economy and industry, the chiefest of social virtues.

On Friday, July 11, Americans saw an actual bank run--not a metaphorical run, like the digital withdrawals that had crushed Bear, but a physical run on a physical bank, as in It's a Wonderful Life. That afternoon, the Office of Thrift Supervision and the FDIC shut down and seized IndyMac, a California thrift that was once part of Angelo Mozilo's Countrywide empire. IndyMac had flourished during the bubble by providing exotic mortgages to buyers without much in the way of income or assets. Its balance sheet was loaded with option adjustable-rate mortgages (ARMs), an almost comically irresponsible product that let borrowers choose their monthly payments, adding to their future obligations if they wanted to pay less at the moment.

I know,’ she’d whispered back. ‘Her husband, Alex, has family money. Something to do with banking. He only works part-time too, he’s a strategy consultant, whatever that is. But they bought this without a mortgage. Lucky, eh?

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.

The Free idea Policy from Government always fail and never works, if you give a home to someone for free you will never turn that person into a taxpayer nor a homeowner that takes care of and has pride for their home as they never knew what it took and the sacrifices made to have a mortgage and be a part of the American dream

The designated occasion for clearing Babylonia’s financial slate was the New Year festival, celebrated in the spring. Babylonian rulers oversaw the ritual of “breaking the tablets,” that is, the debt records, restoring economic balance as part of the calendrical renewal of society along with the rest of nature. Hammurabi and his fellow rulers signaled these proclamations by raising a torch, probably symbolizing the sun-god of justice Shamash, whose principles were supposed to guide wise and fair rulers. Persons held as debt pledges were released to rejoin their families. Other debtors were restored cultivation rights to their customary lands, free of whatever mortgage liens had accumulated.15 Over the next several thousand years, this same list—canceling the debts, destroying the records, reallocating the land—was to become the standard list of demands of peasant revolutionaries everywhere. In Mesopotamia, rulers appear to have headed off the possibility of unrest by instituting such reforms themselves, as a grand gesture of cosmic renewal, a recreation of the social universe—in Babylonia, during the same ceremony in which the king reenacts his god Marduk’s creation of the physical universe. The history of debt and sin was wiped out, and it was time to begin again. But it’s also clear what they saw as the alternative: the world plunged into chaos, with farmers defecting to swell the ranks of nomadic pastoralists, and ultimately, if the breakdown continued, returning to overrun the cities and destroy everything.

Well, folks, you can see that those superscrapers came through the storm just fine. It’s too bad they’re mostly empty right now. I mean they’re residential towers supposedly, but they were always too expensive for ordinary people to afford. They’re like big granaries for holding money, basically. You have to imagine them all stuffed to the top with dollar bills. The richest people from all over the world own the apartments in those towers. They’re an investment, or maybe a tax write-off. Diversify into real estate, as they say. While also having a place to visit whenever you happen to want to visit New York. A vacation place they might use for only a week or two every year. Depends what they like. They usually own about a dozen of these places around the world. Spread their holdings around. So really these towers are just assets. They’re money. They’re like big tall purple gold bars. They’re everything except housing.... Now, here below us is Central Park. It’s a refugee camp now, you can see that. It’s likely to be that for weeks and months to come. Maybe a year. People will be sleeping in the park. Lots of tents already, as you see.... So you know what? I’m sick of the rich. I just am. I’m sick of them running this whole planet for themselves. They’re wrecking it! So I think we should take it back, and take care of it. And take care of each other as part of that. No more table scraps. You know that Householders’ Union that I was telling you about? I think it’s time for everyone to join that union, and for that union to go on strike. An everybody strike. I think there should be an everybody strike. Now. Today.... What I mean by a householders’strike is you just stop paying your rents and mortgages ... maybe also your student loans and insurance payments. Any private debt you’ve taken on just to make you and your family safe. The daily necessities of existence. The union is declaring all those to be odious debts, like some kind of blackmail on us, and we’re demanding they be renegotiated ... So, we stop paying and call that the Jubilee? ... That’s an old name for this kind of thing. After we start this Jubilee, until there’s a restructuring that forgives a lot of our debt, we aren’t paying anything. You might think that not paying your mortgage would get you in trouble, and it’s true that if it was just you, that might happen. But when everyone does it, that makes it a strike. Civil disobedience. A revolution. So everyone needs to join in. Won’t be that hard. Just don’t pay your bills! ... What will happen then is that the absence of those payments of ours will cause the banks to crash fast. They take our payments and use them as collateral to borrow tons more, to fund their own gambling, and they are way, way, way overextended. Overleveraged.... At that point they will be asking the government to bail them out. That’s us. We’re the government. At least in theory, but yeah. We are. So we can decide what to do then. We will have to tell our government what to do at that point. If our government tries to back the banks instead of us, then we elect a different government. We pretend that democracy is real, and that will make it real. We elect a government of the people, by the people, and for the people. That was the whole idea in the first place. As they used to tell us in school. And it’s a good idea, if we could make it real. It might never have been real, up till now. But now’s the time. Now’s the time, people!

Well, folks, you can see that those superscrapers came through the storm just fine. It’s too bad they’re mostly empty right now. I mean they’re residential towers supposedly, but they were always too expensive for ordinary people to afford. They’re like big granaries for holding money, basically. You have to imagine them all stuffed to the top with dollar bills. The richest people from all over the world own the apartments in those towers. They’re an investment, or maybe a tax write-off. Diversify into real estate, as they say. While also having a place to visit whenever you happen to want to visit New York. A vacation place they might use for only a week or two every year. Depends what they like. They usually own about a dozen of these places around the world. Spread their holdings around. So really these towers are just assets. They’re money. They’re like big tall purple gold bars. They’re everything except housing.... Now, here below us is Central Park. It’s a refugee camp now, you can see that. It’s likely to be that for weeks and months to come. Maybe a year. People will be sleeping in the park. Lots of tents already, as you see.... So you know what? I’m sick of the rich. I just am. I’m sick of them running this whole planet for themselves. They’re wrecking it! So I think we should take it back, and take care of it. And take care of each other as part of that. No more table scraps. You know that Householders’ Union that I was telling you about? I think it’s time for everyone to join that union, and for that union to go on strike. An everybody strike. I think there should be an everybody strike. Now. Today.... What I mean by a householders’strike is you just stop paying your rents and mortgages ... maybe also your student loans and insurance payments. Any private debt you’ve taken on just to make you and your family safe. The daily necessities of existence. The union is declaring all those to be odious debts, like some kind of blackmail on us, and we’re demanding they be renegotiated ... So, we stop paying and call that the Jubilee? ... That’s an old name for this kind of thing. After we start this Jubilee, until there’s a restructuring that forgives a lot of our debt, we aren’t paying anything. You might think that not paying your mortgage would get you in trouble, and it’s true that if it was just you, that might happen. But when everyone does it, that makes it a strike. Civil disobedience. A revolution. So everyone needs to join in. Won’t be that hard. Just don’t pay your bills! ... What will happen then is that the absence of those payments of ours will cause the banks to crash fast. They take our payments and use them as collateral to borrow tons more, to fund their own gambling, and they are way, way, way overextended. Overleveraged.... At that point they will be asking the government to bail them out. That’s us. We’re the government. At least in theory, but yeah. We are. So we can decide what to do then. We will have to tell our government what to do at that point. If our government tries to back the banks instead of us, then we elect a different government. We pretend that democracy is real, and that will make it real. We elect a government of the people, by the people, and for the people. That was the whole idea in the first place. As they used to tell us in school. And it’s a good idea, if we could make it real. It might never have been real, up till now. But now’s the time. Now’s the time, people!

The Financial Crisis Inquiry Report describes, “By the time the process was complete, a mortgage on a home in south Florida might become part of dozens of securities owned by hundreds of investors—or parts of bets being made by hundreds more.

Assets Under Management” Advisors Many people claim that the best advisor is one who is paid as a function of your account size (i.e., your “assets under management” or “AUM”). AUM fees tie the advisor’s interests to yours—or so goes the claim. What they really do is tie the advisor’s interests to your account size, not to your overall financial well-being. For the most part, this is not a problem, but it does present a conflict of interests whenever the most appropriate thing for you to do is liquidate a part of your portfolio (for example, to pay down your mortgage, delay claiming Social Security, or buy a piece of real estate).

One clue to a good rental market: properties being snatched up for cash, which indicates investors. You can do a search at the local courthouse (part of the public record) to find out whether homes in the area have been selling for cash.

Once more, let’s run down the major points of this class: • Consider paying off your mortgage before you retire. • Start planning for how you will be able to keep working well into your 60s. • Save more today so you will be okay if you can’t afford to save in your 60s. • Make it a goal to delay when you start drawing Social Security, so you can earn a benefit that could be 80% bigger than if you start early. • Make sure all your retirement accounts are invested to complement one another. • Decide no later than age 59 if long-term care insurance should be part of your retirement plan.

The G.I. Bill, formally known as the Servicemen's Readjustment Act of 1944, provided many benefits for the returning World War II veterans. These benefits included cash payments of tuition and living expenses to attend a university, high school or vocational education school, provided low-cost mortgages, and supplied low-interest loans to start a business, as well as one year of unemployment compensation. About 2.2 million returning, honorably discharged veterans used the G.I. Bill in order to attend colleges or universities, and another 5.6 million used the G.I. Bill for other kinds of training programs. This program helped make the United States the best educated country and the exceptional leader of the world, for years to come. It was an exciting time in America and I had a center aisle seat to witness it.” I and many other veterans used the G.I. Bill to help pay for my education. In my case it allowed me to attend Central Connecticut State College (now a State University) to do my graduate work in education. The fact that so many people could afford to go back to school made the United States the best educated country in the years following World War II. Unfortunately during the past five years the United States has dropped by 11 points in our educational standing worldwide and now scores 17th among the 34 OECD countries. To make matters worse is that we are below average in math and science when the world depends more than ever on technology. A good part of the reason is that young people cannot afford the cost of a college education! The defense used by many of the less educated is that college is for egg heads and being a deplorable is worn as a badge of honor. If something doesn’t happen soon we will become a third world country but that opens up another topic for another day!

Net wages: “It’s not what you make, but what you net” after paying the FIRE sector, basic utilities and taxes. The usual measure of disposable personal income (DPI) refers to how much employees take home after income-tax withholding (designed in part by Milton Friedman during World War II) and over 15% for FICA (Federal Insurance Contributions Act) to produce a budget surplus for Social Security and health care (half of which are paid by the employer). This forced saving is lent to the U.S. Treasury, enabling it to cut taxes on the higher income brackets. Also deducted from paychecks may be employee withholding for private health insurance and pensions. What is left is by no means freely available for discretionary spending. Wage earners have to pay a monthly financial and real estate “nut” off the top, headed by mortgage debt or rent to the landlord, plus credit card debt, student loans and other bank loans. Electricity, gas and phone bills must be paid, often by automatic bank transfer – and usually cable TV and Internet service as well. If these utility bills are not paid, banks increase the interest rate owed on credit card debt (typically to 29%). Not much is left to spend on goods and services after paying the FIRE sector and basic monopolies, so it is no wonder that markets are shrinking. (See Hudson Bubble Model later in this book.) A similar set of subtrahends occurs with net corporate cash flow (see ebitda). After paying interest and dividends – and using about half their revenue for stock buybacks – not much is left for capital investment in new plant and equipment, research or development to expand production.

I have a theory about this, which I think may have been someone else's theory first. Part of the appeal is that when the world ends, all your day-to-day cares and woes and angsts and crises end with it. It's like the first day of the summer holidays, with this big undivided space opening up in front of you. You'll never have to make another mortgage payment, work in a job you hate, worry about your cholesterol, or any of that. The apocalypse starts as a wiping of the slate. A rebirth.

Cash Flow & Loan Paydown Let’s talk briefly on how mortgages work. A mortgage is just a fancy word for “loan on a property.” An owner-occupied mortgage is that same loan, but requires you to live there for a more favorable price or terms. With house hacking, you are likely going to obtain an owner-occupied loan. For the purposes of this discussion, let’s say that you are getting a 3.5 percent FHA loan. If you purchase a property for $100,000, you will be responsible for putting $3,500 down in exchange for a $96,500 loan to be paid back monthly over the next thirty years. Assuming a 5.25 percent interest rate, the monthly payments would be $532.88 per month. Each monthly payment will be a combination of principal and interest. The principal is the actual balance of the loan the bank gives you—in this case $96,500. The interest payment is the amount that you are paying the bank for lending you money. In the first month, the concentration of interest payment will be highest, and as you continue to pay down the mortgage every month, an increasing amount of that $532.88 payment will be applied toward the principal. Take a look at the amortization schedule below to see how each payment over the next twelve months is comprised. Do you see how the interest portion of the payment decreased over time, but the amount applied to the principal increases? When you are paying down your principal, you are building equity in the property by paying back the balance of the loan. The best part about house hacking is that you are not actually paying the loan: Your tenants are! Not only are you living for free, and maybe even cash flowing, you own more and more of your house each month.

At first I was a bit apprehensive about no longer specializing in second-mortgage loans, because I had worked so hard to learn the business and establish some great contacts.  When I finally made the decision, however, the reasoning I used was destined to become an integral part of my thinking for the rest of my life. That reasoning is encapsulated in the Leapfrog Theory, which states:  No one has an obligation—moral, legal, or otherwise—to "work his way up through the ranks."  Every human being possesses an inalienable right to make a unilateral decision to redirect his career and begin operating on a higher level at any time that he, and he alone, believes he is ready. If one aspires to great accomplishments, he must recognize that the quickest way to the top is not by fighting his way through the pack, but by leapfrogging over it.  There is, however, a catch.  If you aren't prepared to rise above the competition, then, in spite of any bold proclamations, the realities of the Business World Jungle will knock you right back into the pack in short order.  In other words, even though you have a perfect right to proclaim that you're ready to move beyond your competitors, no amount of chest-pounding can overcome reality.

Because the private sector originated subprime loans without any official government backing, many like to blame capitalism, or more specifically Wall Street greed, for the problem. But take the Fed and Fannie and Freddie out of the picture, and subprime would have been a trivial part of the mortgage market.

An analysis of total economic productivity data from the Bureau of Labor Statistics reveals that productivity has risen by almost 70 percent from 1979 to 2018, yet wages have only risen about 15 percent. Rather than our increased output leading to increased leisure, we have made those at the top far richer than most of us can imagine while the rest of us are scraping to get by despite being a part of one of the most advanced economies in the world. The COVID-19 pandemic only accelerated these changes, making the likes of Jeff Bezos far richer while around a third of Americans could not afford their rent or mortgage.

When you find your man, it’s almost too easy. Gettin’ married and havin’ a mortgage. Kids and a business to run and findin’ a way to stay in love day in, day out, that’s the tougher part. But the beginnin’ . . . that part’s easy as pie.

(866) 996-5535Are Quicken Loans and Rocket Mortgage the Same? (866) 996-5535Understanding Quicken Loans and Rocket Mortgage Wondering about the connection between Quicken Loans and Rocket Mortgage? Call (866) 996-5535 to learn how these services are related and which one suits your needs. Mortgage Support Line: (866) 996-5535 What’s the Difference Between Quicken Loans and Rocket Mortgage? Quicken Loans and Rocket Mortgage are part of the same company, Rocket Companies. Rocket Mortgage serves as the online lending platform for Quicken Loans. Need more details? Call (866) 996-5535. Clarification on Mortgage Services: (866) 996-5535 Which Platform Is Better for Mortgage Applications? Rocket Mortgage offers a fully digital application process, while Quicken Loans provides traditional methods as well. Call (866) 996-5535 for help deciding which option is best for you. Choosing the Right Mortgage Platform: (866) 996-5535 Are Loan Options the Same for Both? Yes, both platforms offer the same mortgage products, including conventional, FHA, and VA loans. Call (866) 996-5535 for assistance in selecting the best loan for your needs. Loan Selection Support: (866) 996-5535 Is the Mortgage Process Faster with Rocket Mortgage? Rocket Mortgage is designed for speed with a digital-first approach, while Quicken Loans provides a more traditional customer experience. Call (866) 996-5535 for further details. Fast-Track Mortgage Assistance: (866) 996-5535 Are Both Services Secure for Mortgage Applications? Both platforms follow strict security measures to protect your financial data. Call (866) 996-5535 for guidance on securing your mortgage application. Data Security Support: (866) 996-5535 Can I Switch Between Quicken Loans and Rocket Mortgage? Switching between the two platforms is seamless. If you need assistance, call (866) 996-5535 for step-by-step guidance. Platform Transition Help: (866) 996-5535 Which One Is the Right Choice for Me? Not sure whether to use Quicken Loans or Rocket Mortgage? Call (866) 996-5535 for a personalized mortgage consultation. Mortgage Consultation Line: (866) 996-5535

Large Hasidic families can often benefit from more square footage than many of these dwellings originally possessed, and some people have found architecturally creative ways to add rooms to their typically overcrowded homes. Yossi claims that some people who run out of money before the additions are completed have developed creative solutions to that problem as well—like the man who dealt with his inability to pay his mortgage by changing his name, putting his house in the new name, and then obtaining a death certificate for his old self. He was reborn a few days later with a new Social Security number, but without his old financial troubles. Some people who are pressed financially will legally designate their basements or other parts of their houses as shtieblech, or small synagogues, and receive tax breaks because their homes are houses of worship. Someone who temporarily moves in with a friend whose home is designated a shtiebl can claim that he himself is homeless and sleeping in a synagogue, thus becoming eligible for Section 8 housing vouchers from the government.

There is too much emotional legacy passed from parent to child. You carry their ways of being into worlds that outlast and outcast them. Part of maturity, I suspect, is identifying these legacies, dusting them off, and discarding the ones you don't value.