Comments on: The 130-year fixed-rate mortgage http://www.mightybargainhunter.com/2006/10/13/the-130-year-fixed-rate-mortgage/ Helping readers to use bargains wisely since 2005 Sun, 12 Feb 2012 16:24:19 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jewell http://www.mightybargainhunter.com/2006/10/13/the-130-year-fixed-rate-mortgage/comment-page-1/#comment-125531 Jewell Fri, 22 Feb 2008 23:40:24 +0000 http://www.mightybargainhunter.com/2006/10/13/the-130-year-fixed-rate-mortgage/#comment-125531 130yr fixed??? What banking institute has this offer? If this is a joke. Please do not respond. 130yr fixed??? What banking institute has this offer? If this is a joke. Please do not respond.

]]> By: Averse to Debt http://www.mightybargainhunter.com/2006/10/13/the-130-year-fixed-rate-mortgage/comment-page-1/#comment-91743 Averse to Debt Tue, 11 Sep 2007 20:35:25 +0000 http://www.mightybargainhunter.com/2006/10/13/the-130-year-fixed-rate-mortgage/#comment-91743 Everyone should be averse to debt! If you buy an $8 pizza in college and make minimum payments, that pizza becomes $50! Your grandparents saved up money before they bought something. The US economy is on shaky ground because of debt. Google "Countrywide" and "subprime mortgages". Debt is evil and should be avoided!! "The borrower is slave to the lender." Anyone who can't qualify for a 15-year mortgage or less shouldn't be buying a home. Everyone should be averse to debt! If you buy an $8 pizza in college and make minimum payments, that pizza becomes $50! Your grandparents saved up money before they bought something. The US economy is on shaky ground because of debt. Google “Countrywide” and “subprime mortgages”. Debt is evil and should be avoided!! “The borrower is slave to the lender.” Anyone who can’t qualify for a 15-year mortgage or less shouldn’t be buying a home.

]]> By: Charlie http://www.mightybargainhunter.com/2006/10/13/the-130-year-fixed-rate-mortgage/comment-page-1/#comment-9954 Charlie Fri, 13 Oct 2006 19:02:35 +0000 http://www.mightybargainhunter.com/2006/10/13/the-130-year-fixed-rate-mortgage/#comment-9954 I love ya bro, but I still gotta disagree on the "cheap oil is gone" comment -- maybe it will be, but life as we know only depends on oil <b>today</b>; tomorrow is another life altogether. IF oil dries up, the world does not end -- that's what we thought in the 70's and look at us today: still using oil, still consuming it at a sick pace, BUT oil <i>is indeed</i> finite. That said, Man will simply continue to use one of his greatest resources: the Mind. WHEN oil evaporates, Man will simply move on to the next power source -- please don't quote anymore from that ridiculous, liberal "resource" called "The Long Emergency" -- we <i>already</i> have the means, just <i>not</i> the motivation to move on past oil. Period. When the oil companies cannot make a substantial living off of oil, they'll move on to the next thing (be it hydroelectric-hybrid, some recyclable resource, or [gasp!] nuclear). Leave it lie -- inflation is a scary enough problem... My 2 pennies, Charlie I love ya bro, but I still gotta disagree on the “cheap oil is gone” comment — maybe it will be, but life as we know only depends on oil today; tomorrow is another life altogether.
IF oil dries up, the world does not end — that’s what we thought in the 70′s and look at us today: still using oil, still consuming it at a sick pace, BUT oil is indeed finite. That said, Man will simply continue to use one of his greatest resources: the Mind.
WHEN oil evaporates, Man will simply move on to the next power source — please don’t quote anymore from that ridiculous, liberal “resource” called “The Long Emergency” — we already have the means, just not the motivation to move on past oil. Period. When the oil companies cannot make a substantial living off of oil, they’ll move on to the next thing (be it hydroelectric-hybrid, some recyclable resource, or [gasp!] nuclear). Leave it lie — inflation is a scary enough problem…
My 2 pennies,
Charlie

]]> By: gr8face http://www.mightybargainhunter.com/2006/10/13/the-130-year-fixed-rate-mortgage/comment-page-1/#comment-9953 gr8face Fri, 13 Oct 2006 19:00:33 +0000 http://www.mightybargainhunter.com/2006/10/13/the-130-year-fixed-rate-mortgage/#comment-9953 The only people who would live long enough would be the Windsors, but they don't need the loan. The only people who would live long enough would be the Windsors, but they don’t need the loan.

]]> By: anon http://www.mightybargainhunter.com/2006/10/13/the-130-year-fixed-rate-mortgage/comment-page-1/#comment-9944 anon Fri, 13 Oct 2006 15:04:37 +0000 http://www.mightybargainhunter.com/2006/10/13/the-130-year-fixed-rate-mortgage/#comment-9944 I don't understand your aversion to debt. Remember, debt is a two way street: of course you have to pay it back (with interest) but you also get to use that money (the house) in the interim. What is rent other than an infinite term mortgage? Corporations issue infinite-lenghted debt all the time (preferred equity). I understand there are good and bad ways to do everything, but I think your knee-jerk reaction makes you look more simplistic than you are. I don’t understand your aversion to debt. Remember, debt is a two way street: of course you have to pay it back (with interest) but you also get to use that money (the house) in the interim. What is rent other than an infinite term mortgage? Corporations issue infinite-lenghted debt all the time (preferred equity).

I understand there are good and bad ways to do everything, but I think your knee-jerk reaction makes you look more simplistic than you are.

]]> By: fivecentnickel.com http://www.mightybargainhunter.com/2006/10/13/the-130-year-fixed-rate-mortgage/comment-page-1/#comment-9939 fivecentnickel.com Fri, 13 Oct 2006 11:49:14 +0000 http://www.mightybargainhunter.com/2006/10/13/the-130-year-fixed-rate-mortgage/#comment-9939 Wow, you're a real ray of sunshine this morning... ;) Wow, you’re a real ray of sunshine this morning… ;)

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