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getting 80% back is just mind-blowingly retarded. If and only if, you can put that stuff in and sell your place quicker than normal and then 'recover' the other 20% by stemming your loss in a crappy market... lawyeriz - if that cast iron pot is heavy enough, what counter wouldn't bust? ;)

A neat article about geothermal heating and cooling ran in the local paper this past weekend. Basically, dig a bunch of DEEP holes in the ground, the deeper the better, and run pipes down the holes. The pipes carry whatever thermally conductive liquid you want to use, probably water or if in a...

Hah! John Laing Homes makes you use their preferred lender, most appropriately named JLH Mortgage. So John Laing swings for a few discount points to sell you one hugely overpriced and depreciating asset. Totally stinks of desperation. How about the rebates or other inducements to the buyer?

During our recent house hunt here in TN, the wife and I noticed a vacant house next to one we were looking at. I asked the agent about that house. It looked like it had what we needed, like a garage, but the landscaping was overgrown. Our agent checked the records on that vacant house when we...

what does your state do with all your taxes, anyways? and if OC is losing jobs, oh man. Tax revenues going down, employment down...ouch. Now you get to see what happens when you ride the good years and spend every single increase and them some from revenues. Poof! Hit a down year and all $hit...

Something needs to happen. The amount of interest that the US is paying each year is nuts! Looking at the proposed FY2008 budget, over $260 Billion is budgeted for net interest. Holy f*cking cow!! When you have to borrow money just to pay interest on the money you're already borrowed, that's a...

We live in middle Tennessee. East of Nashville a little bit. The current owner of the place that found religion is Freddie Mac. We make better than average for where we live. If we lived in Irvine, though, we'd make about average household. We're trying to be prudent in our finances and we've...

10-year yield is a great indicator of where mortgage rates are headed. Since they're very similar investments, and the 10-year is considered 'risk-free' the mortgage rates are risk-adjusted. You can invest in a 10-year 'risk-free' bond or a mortgage. I was happy when I saw mortgage rates...

Wife and I got pre-approved for a 15-year conventional loan with only 5% down, but our credit scores are high and we have no other debt. We made an offer on a place that's not even gonna be more than our gross annual salaries, so I suppose we're not that big a credit risk.

villagepeople, I like that 60/40 rule. Looking at my budget spreadsheet, if the wifey and I get the house we just put an offer on, looks like we'd be playing along with the 60/40 rule, too. We have an emergency fund already and plan on using most of the 40% to pay additional on the...

"Pre-fab" is not a pretty euphemism for trailer parks. They are homes, just like any other, but mainly built off-site, then delivered in sections. Tastefully designed modular housing looks just like site-built stuff. Costs are usually lower, but not that much lower. (Easier to keep an eye on...

Holy sh*t ukyo116, you work with RETARDS! Do they not understand anything about finance? Or how we got into this situation in the first place using exotic financing. Aye! The one with interest only probably couldn't face the fact that what he/she could truly afford with a 30-year fixed was a lot...