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MORTGAGE MELTDOWN / Interest rate 'freeze' - the real story is fraud / Bankers pay lip service to families while scurrying to avert suits, prison
Added On December 10, 2007
'goal of the [interest rate] freeze is to prevent owners of mortgage-backed securities, many of them foreigners, from suing U.S. banks and forcing them to buy back worthless mortgage securities at face value - right now almost 10 times their market worth.
finance | money | banking | usa | meltdown | realestate
The Paranoid Brain » Renting Versus Owning - Quick and Simple Rule - Personal Finance and Investing Advice
Added On July 5, 2006
'Compare 220 times the average monthly rental with the average sale price. Whichever one is smaller is the better choice. As an example, in Sunnyvale we found some nice 3 bedroom houses that rent for about $1600 a month. Comparable houses were for sale at
realestate | investing | usa
Should we buy a house or keep renting? | Ask MetaFilter
Added On July 5, 2006
'A rule of thumb [for US tax payers] I saw recently is that you should buy about $12,000 worth of house for every $100 of rent you're paying. So, in your case you should be looking at houses that cost about $100,000. If there aren't any houses in your are
investing | realestate | tax | usa
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