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Showing posts with label mortgage. Show all posts
Showing posts with label mortgage. Show all posts

Monday, February 18, 2013

The Mobile Vlog and Mobile Homes


Come ride along with this guy. It's fun! At the end of the Vlog, he poses the question: Would you rather rent or own?

Here was my answer.

I enjoyed "riding" with you. I just want to warn everyone, do not every buy a mobile home. Do not ever buy a mobile home. And I repeat, do not ever buy a mobile home. I am stuck with this money pit and its 15% interest mortgage which I bought out of desperation in 2001. I was totally ignorant and it seemed like a good idea at the time. But now I have not only $650 a month mortgage but $550 a month lot rent. They raise that shit every year without fail. Bad deal, People! 

At this point in time, I am also stuck needing to buy a new car because the clutch in my car that has 200,000 miles on it has gone south, and it isn't worth it to pay $2000 to fix it. I'm driving my late father's old truck right now. It's a good truck, but I really need a vehicle of my own, because this is the auxiliary vehicle that I share with my mother.

So...yeah.

Lest you wonder why I never have any money.

Saturday, September 15, 2012

Iceland Forgives Population's Mortgage Debts


The crazy thing is, as I was driving this morning I was thinking how forgiving people who are in upside down mortgages or high interest mortgages their debt might very well boost the economy. I'm no economist but I know so many people who are really struggling. I don't currently have a mortgage but a lot of my friends and family are in a tight spot. This might well be one way to stimulate the economy. It's something to think about.