Essential Economics for Politicians

[Lion Eyes]

You mean you didn’t sell it in ‘94? I think you may have some ideas to offer to some of your cronies on here. Or maybe Iz can convince you to be a “bank” and not a homeowner. LOL

Busy erasing all doubt...are you and ratboy related?

 

[espola]

I didn't get hurt jackass...
I still have my home in Camarillo that I bought in 1991
It's appraised for at least 4 times what I purchased it for...
Merry Christmas Einstein.

Do you agree with Izzy's definition of asset?

 

[messy]

Do you agree with Izzy's definition of asset?

Good question. Did you know your house is not an asset? And that you should be a bank instead?

 

[Bruddah IZ]

Are you a bank, or a real property owner, or both? I’ve never met a guy who is an individual mortgage lender! I’ve met some bank presidents and owners, but they are not “banks.” I’m curious as to how you evaluate our choice to be a bank or a property buyer.

Time value of money.

 

[Bruddah IZ]

Are you a bank, or a real property owner, or both? I’ve never met a guy who is an individual mortgage lender! I’ve met some bank presidents and owners, but they are not “banks.” I’m curious as to how you evaluate our choice to be a bank or a property buyer.

Time value of money.

 

[Bruddah IZ]

Good question. Did you know your house is not an asset? And that you should be a bank instead?

You guys don’t qualify to be a lender.

 

[Bruddah IZ]

You mean you didn’t sell it in ‘94? I think you may have some ideas to offer to some of your cronies on here. Or maybe Iz can convince you to be a “bank” and not a homeowner. LOL

Or both.

 

[Bruddah IZ]

Did you intend that to make sense to anyone but yourself?

Yes. Questions?

 

[Bruddah IZ]

No PMI required on our first house, and only 2 years of PMI on the second - the refi lender did not require it.

Do you know why?

 

[espola]

Do you know why?

Negotiations.

 

[Bruddah IZ]

Good question. Did you know your house is not an asset?

It’s an asset for sure. For the bank. You have at least 12 opportunities a year to reconcile that fact as money flows from your account to the bank so that they can lend it out again. Does your “asset” do that?

 

[Bruddah IZ]

Negotiations.

Lol! Yes. The bank says do this or you’re not getting the loan.

 

[espola]

Lol! Yes. The bank says do this or you’re not getting the loan.

We were given options.

 

[Bruddah IZ]

Do you agree with Izzy's definition of asset?

Your monthly payments agree with Izzy.

 

[Bruddah IZ]

We were given options.

Ye$ you were. Which one did you take for them? I’m sure they appreciated it.

 

[messy]

Time value of money.

Are you a bank, or a real estate owner? Which one are you? Second time I have asked.

 

[Bruddah IZ]

Are you a bank, or a real estate owner? Which one are you? Second time I have asked.

Third time I've answered both. Aren't you both? Did you negotiate with your bank like espola did?

 

[Bruddah IZ]

Actually, I don’t own the home yet. It’s still a liability.

 

[Bruddah IZ]

Like yours

 

[messy]

Actually, I don’t own the home yet. It’s still a liability.

As I suspected. You’re neither. Did you ever see The King of Comedy? Are you Rupert Pupkin the economist?