The damn hippies are at it again... - Page 2

richlevy · 03-05-2005, 11:53 AM

Quote:

Originally Posted by wolf

I think that needs to be added to the growing smiley collection ...

I don't know, at 34k a smiley, and considering the expected amount of overuse by TW, Lookout, Radar, and Bruce, we could end up sucking up terabytes of drive space.

lookout123 · 03-05-2005, 02:24 PM

hmmm, i vow to no longer use smilies.

unless i feel like it.

xoxoxoBruce · 03-06-2005, 02:17 PM

Quote:

Originally Posted by richlevy

I don't know, at 34k a smiley, and considering the expected amount of overuse by TW, Lookout, Radar, and Bruce, we could end up sucking up terabytes of drive space.

...we could end up purchasing terabytes of drive space.

jaguar · 03-06-2005, 02:31 PM

Quote:

When do we get GM marijuana? One that DEA paraquat cannot harm.

There is GM coca, or at least very selectively bred to be resistant to presticides and have higher yeilds. Considering the money involved GM is far from out of the question.

Monsanto have proven experience with killing vegetation and posioning entire populations, they manufactured Agent Orange as well.

OnyxCougar · 03-06-2005, 03:33 PM

In regards to BigV's post....

I was watching TV the other day and saw an advertisement for a home loan that said it could "cut mortgage payments in half!"

Upon freezing the picture (viva la DVR) I read the fine print.

It's an interest only loan. Yes, the average home owner pays $1200 a month, and $600 of that is interest. With their loan program, you only pay the interest, and then, when you want to, you pay on the principal.

I wonder how many people bought into that?

richlevy · 03-06-2005, 07:45 PM

Quote:

Originally Posted by OnyxCougar

I wonder how many people bought into that?

Hopefully someone with a good lawyer who could sue the pants off the company. I do not consider myself overly litigious, but companies like that who deliberately mislead deserve to be thrown to the sharks...er...lawyers.

lookout123 · 03-06-2005, 10:31 PM

i don't know the ad you are talking about, but int. only loans are not new. or bad, for the right individual. if you plan on paying a home off and living in it for many years, move along, this isn't the loan for you. but if you aren't planning on being there more than 3-5 years (which is about average) and you have the discipline to save the difference between an amortized loan and an int only loan, then it is a very useful tool. YMMV.

there is no way to get tricked into this loan unless you are just brain dead. there are so many disclosures within your loan process that it would truly take a world class moron to not understand the difference.

wolf · 03-07-2005, 12:45 AM

Quote:

Originally Posted by OnyxCougar

In regards to BigV's post....

I was watching TV the other day and saw an advertisement for a home loan that said it could "cut mortgage payments in half!"

Daytime non-major network TV is full of ads for shady propositions. A few that I remember from my enjoyment of judge shows (Judy, Joe Brown, and Mathis, in case you were wondering) include: "we'll insure everyone" high risk, low payout, high cost automobile insurance, phone plans through private phone companies that charge about twice what the regular local carrier does, business/techical/medical assistant/truck driving schools that promise to take your money but can't guarantee you'll actually have any skills upon "graduation," personal injury lawyers, high interest short term loans that use your car as collateral and typically result in repossession of your car, and a variety of get rich quick work from your home scams, and of course, the Popeil Rottisserie, and the latest in unusable kitchen gadgets.

Trilby · 03-07-2005, 12:27 PM

Quote:

Originally Posted by wolf

...the Popeil Rottisserie, and the latest in unusable kitchen gadgets.

So...you couldn't get yours to work, either, eh???

03-05-2005, 02:24 PM	#17
lookout123 changed his status to single Join Date: Apr 2004 Location: Right behind you. No, the other side. Posts: 10,308	hmmm, i vow to no longer use smilies. unless i feel like it. __________________ Getting knocked down is no sin, it's not getting back up that's the sin

03-06-2005, 03:33 PM	#20
OnyxCougar Junior Master Dwellar Join Date: Mar 2003 Location: Kingdom of Atlantia Posts: 2,979	In regards to BigV's post.... I was watching TV the other day and saw an advertisement for a home loan that said it could "cut mortgage payments in half!" Upon freezing the picture (viva la DVR) I read the fine print. It's an interest only loan. Yes, the average home owner pays $1200 a month, and $600 of that is interest. With their loan program, you only pay the interest, and then, when you want to, you pay on the principal. I wonder how many people bought into that? __________________ Impotentes defendere libertatem non possunt. "Repetition does not transform a lie into a truth." ~Franklin D. Roosevelt

03-06-2005, 10:31 PM	#22
lookout123 changed his status to single Join Date: Apr 2004 Location: Right behind you. No, the other side. Posts: 10,308	i don't know the ad you are talking about, but int. only loans are not new. or bad, for the right individual. if you plan on paying a home off and living in it for many years, move along, this isn't the loan for you. but if you aren't planning on being there more than 3-5 years (which is about average) and you have the discipline to save the difference between an amortized loan and an int only loan, then it is a very useful tool. YMMV. there is no way to get tricked into this loan unless you are just brain dead. there are so many disclosures within your loan process that it would truly take a world class moron to not understand the difference. __________________ Getting knocked down is no sin, it's not getting back up that's the sin

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