O.T. Next financial bubble to burst.

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Be a little slower with the term "lie". He might merely be mistaken. But he's not, entirely. It varies from state to state. My state, Texas, is a non-recourse state. They can foreclose on the house, but can't come after you for the balance. There are other states as well. See http://www.realinvestortips.com/blog/short-sale/non-recourse-mortgage-states-and-anti-deficiency-statutes /
-- Doug
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I think in FL the Insurance Commissioner said that has to be covered by the homeowners policy (grin).
--
"Even I realized that money was to politicians what the ecalyptus tree is to
koala bears: food, water, shelter and something to crap on."
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Nonsense. Even if so, are the police going to come out and do it? They won't even get off their butts to throw the bums out. You people are *crazy* (be we all knew that).

There are *many* ways to get into houses, leaving no evidence. *ALL* of them illegal (if uninvited), here. Property rights are rather important to a society.
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Shifting the goalposts, again, harry?
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Good God, you're stupid!
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wrote:

There is some difference between in the house and in the yard but the answer is pretty much "yes". (with the new stand your ground law) If it was at night and the kid brought his baseball bat with him it might not even get to court. You still need to demonstrate that you felt threatened but that is a pretty low bar, particularly if you are the only witness.
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Do you *try* to be wrong. You certainly are good at it!
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wrote:

It is just an illusion. They put price stickers on things and people believe that must be the best price they can get. If they are offering 90 days (or a year) same as cash, there is some money there that you can get back for cash. The salesman may not be able to do it but a manager can. They may give you a discount or they may just throw something in for free that you would have had to pay for. In the case of the last furniture we bought it was delivery and set up, normally $50 at that store.
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No, not socialist at all. The manufacturer controls the price, not the government. Examples of controlled price products I've purchased recently, Festool and Electrolux.

A manufacturer CONTRACTS with retailers to represent him. Part of that CONTRACT is that the seller will not sell the widget for less than $x (or sometimes exactly $x). The intention is that competition is based on service, not price.

Exactly the opposite, actually. It's a contract, freely entered, between the producer and his agents. "Socialist" would be the government dictating the terms of this contract. There is no requirement that the eventual buyer enter into this contract. There are other products to buy, almost always cheaper if that's what you want. As usual, harry, you have the world upside-down.
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On Sun, 26 Dec 2010 11:05:27 -0600, " snipped-for-privacy@att.bizzzzzzzzzzzz"

If I wanted a rebate for not using the "free" financing on a vacuum that was price fixed, I would have him throw in a couple boxes of bags. We both understand there is a cost associated with free financing.
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On Sun, 26 Dec 2010 12:32:34 -0500, snipped-for-privacy@aol.com wrote:

My refrigerator doesn't use bags. Neither does my dishwasher. ;-)

Certainly, but it's not the same people paying. The retailer, in the above case, is contractually bound to the pricing. In other cases, the interest is being paid by the manufacturer (who doesn't see your end deal), by &bigbox home office, or by the "bank", knowing that enough idiots won't pay on time to make more than enough money to pay the interest for those who do. It's the same deal as cash-back credit cards. I'll take their free money, too (though not as much as I should).
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On Sun, 26 Dec 2010 12:07:06 -0600, " snipped-for-privacy@att.bizzzzzzzzzzzz"

(Electrolux) that I accepted as being true). Appliances like fringes and dishwashers are more like a Mexican market. Nobody pays full price and everything is negotiable.

With CDs and money markets paying fractions of a percent I would rather have a box of vacuum cleaner bags. ;-)
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On Sun, 26 Dec 2010 14:42:01 -0500, snipped-for-privacy@aol.com wrote:

Electrolux makes high-end consumer kitchen appliances, in Tennessee, BTW. They *are* price controlled. No one will give a dime's discount, or risk losing the franchise. http://www.electroluxappliances.com/low/kitchen-appliances/refrigeration/french-door/ew28bs71is

The only money I have in such things (worse, a savings account) is emergency money (though probably more than I should).

Again, they don't fit my refrigerator. I don't even know if we have a vacuum cleaner that uses bags. ;-)
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But you don't get that. I do get a cut, though less than you think is "right". Sorry, you lose, I win.
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Irrelevant. It's usually not the retailer offering the financing deal. You can try to squeeze that buffalo all you want but you won't get anything out of it.
"Dickering" is what you would call it, harry. "Haggling" would be more common on this side of the pond.

Fair enough. Go elsewhere.
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Shit, harry, we've all been telling you that for MONTHS.
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http://realestate.aol.com/blog/2010/12/24/housing-market-forecast-the-pessimist/?icid=main%7Chtmlws-sb-n%7Cdl4%7Csec1_lnk1%7C192609
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On Thu, 30 Dec 2010 07:37:26 -0800 (PST), " snipped-for-privacy@aol.com"

Depending on where you live, the excess supply of houses was estimated to be between 5 and 10 years in 2007. They simply built too many that were gobbled up by speculators believing things would always go up. They are still working through that excess inventory. If they drop the mortgage deduction on second homes that will get worse. If the mortgage deduction on the primary home was dropped you would see another 2007 type crash. At that point the only people who would get a deduction would be landlords on rental property (Schedule C business expense). One of the biggest tax incentives to own would be gone.
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On Thu, 30 Dec 2010 11:30:54 -0500, snipped-for-privacy@aol.com wrote:

If interest rates go up significantly it will get much worse. However, the building trades will essentially cease to exist.

Tax incentive, yes. Biggest incentive, no.
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That's *dumb*. To get a mortgage rate reduction one has to move.

You can't in the US, either. They may take the keys and sell the house at foreclosure, but that doesn't in any way relieve the borrower of his obligations. Bankruptcy *might*.

Clueless.
Does anyone argue that Congress is 1) stupid and 2) crooked?
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