Archive for the ‘interest’ Category

Fix the housing crisis – eliminate interest

Posted on January 17th, 2010, by DHW

A great post by seekingalpha.com
History can give usĀ guidance in fixing our real estate crisis.
“Faced with his own foreclosure-nightmare, Julius Caesar came up with a decisive and practical means to cure the solvency crisis which was at the heart of that real estate meltdown. Caesar decreed…that all mortgage interest would be canceled. Thus, all mortgage payments [...]

Tags: , , , , ,

I’ll miss you most of all, zero percent kitchen

Posted on November 16th, 2009, by DHW

Zero percent kitchen: n. a kitchen remodeled at the height of the real estate and credit bubble, between 2001 and 2006, featuring high-end details such as granite or CorianĀ countertops; designer cabinets; stainless steel appliances and upgraded flooring (e.g. hardwood or travertine tile). Improvements were paid for with zero percent financing programs originated at home improvement [...]

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,