NPR just did a story on Day to Day in which the reporter spoke of people in Vegas being “under water” on their homes. That is, a person’s owes more on their home than it is worth. She then proceeded to give an example of a man who was in this situation, and was now struggling to make his payments.
Since when does a home’s value affect monthly payments? My payment is roughly $1,500 per month without taxes and insurance, and though my home’s value has fluctuated over the years, the payment has stayed the same. In fact, I have no idea how much my home is worth. I don’t plan to sell it any time soon.
I have a fixed mortgage, and I realize the people in trouble often have adjustable mortgages, and their rates have gone up, so their payments went up. However, this has NOTHING to do with the value of the home.
Also, just as many people (more, actually, in the last year) who have adjustable mortgages have seen their rates adjust DOWNWARD due to rates being at near historic lows.
If someone loses a job, that affects their ability to make their loan payment. If, however, their home value drops, this does NOT affect their payment or ability to make it, and I’m sick of hearing stories on the news that say it does.
Wildwriter, I’m sorry, but you’re mistaken. The story yesterday on Day to Day, did not ever mention this person’s financial problems.
The reporter IMPLIED repeatedly that the inability to pay was linked to the home value.
I listen to NPR daily as well. I think the problem is that they have a bunch of people from NYC who have never owned a home reporting on home ownership without knowing the facts.
custody hearing?
Does anyone have a link to provide stats on which parent they usually end up with after divorce?
Of course, I would guess they go to the mother usually, but provide a link if you can.
Is it correct to say that our society (for the most part) assumes that the mother is a naturally better parent than the father?
2-3 songs more and then I will the Amitabh Series. This is a Amitabh comedy clip and you can also find more comedy clip links here in this more info section. English is a Funny Language: I WILL LEAVE THE ENGLISH MAN BEHIND, YOU SEE SIR, I CAN TALK ENGLISH, I CAN WALK ENGLISH, I CAN LAUGH ENGLISH BECAUSE ENLISH IS A VERY FUNNY LANGUAGE ….. lol This scene is from the movie Namak Halal where in Amitabh comes from a Village/country (probably from Rajasthan, because of his Hindi style he speaks, correct me if I am wrong) to the city and he applies for a job in a Hotel. His friend suggests that if the Manager asks one question you reply 10 answers. This is the interview scene and enjoy the manner and with humor Amitabh tries to explain that he knows English to the Manager ….. hahaha But eventually in the movie he turns out to be the owner of the Five Star Hotel which he comes to know later. This movie was based on the lost and found theme. Continuation …. www.youtube.com Below link is the famous Mirror Scene after when Amithab gets beaten up by the girl’s (Jenny) body guard in the party after the song My Name Is Anthony Gonzales. www.youtube.com SHAHENSHAH – Inspector Vijay dialogs – hilarious comedy www.youtube.com “Jenny, Today is Easter” www.youtube.com Namak Halaal – Hotel Buying/Auction www.youtube.com Sharabi Comedy (Nathulal Ji Ke Moochey) www.youtube.com This is the song Inteha Hogi link (Good Song) www.youtube.com This is the Mother of all the comedy scene in an Indian movie. The film is Sholay, and Asrani plays the role of a Jailer. Hum Angrezo Ke Jamane Ke Jailer Hain (I am a Jailer of the British era) haha Attention ! www.youtube.com
Entries (RSS)