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And if they can't pay the $1,000 fine, LET THEM EAT CAKE!
In response to:

Competition For Thee, But Not for Me

amackent Wrote: Apr 10, 2014 11:42 AM
Brilliant! Huge ditto's.
In response to:

A Faculty Revolution Against Free Speech

amackent Wrote: Apr 07, 2014 5:39 PM
Seems to me the Catholics at the Catholic university have every right to expect their staff to support or at least not undermine Catholic doctrine especially on campus.
This really is great news. I wonder if the citizens of Chicago are able to recognize the change and if they'll be able to make any connections. I have to say I'm really ashamed that we've now elected Obama twice. I just don't know if we have the capacity to see truth anymore.
Well of course there's no causation... It's only a matter of time before we see the ok corral visit all our local supermarkets.
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The Real Rigging

amackent Wrote: Apr 02, 2014 7:10 PM
Is this THE reason not to trade on Wall Street? No, but it's another nail in the coffin. I still reluctantly hold some mutual funds in my employer 401k, but I'm not putting any more in and I don't put any of my cash funds in anymore. Investing in stock requires that a person be really oblivious or that they trust in the markets and the company officers. Years ago I generally trusted Americans, but I simply can't see it anymore. I'll invest in individual companies when I know the principles or in my own ventures. For the most part I'm buying as much cash flowing real estate as I can get my hands on. I don't know if I really should trust myself, but I feel better about it than anyone else ;)
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The Real Rigging

amackent Wrote: Apr 02, 2014 7:01 PM
"All stocks eventually do trade higher, which is why investing is different than trading. "??? I'm pretty sure that's not right.
It all depends on your strategy, but it's something to consider. I have a personal home as well as a few rentals and most are financed on 15 year mortgages. My only real issue is the difference in interest rates between the mortgages in this example. 4.375 vs. 3.5% is too large a spread. I've never seen this large a spread in real life. I figure if it's more than 1/4 point than it makes sense to take the 15 year mortgage for me. 1/4 point or less and I'd take the 30 yr mortgage just for the flexibility if offers. Usually it's about 3/8's of a point so I take the 15 year mortgage. The other option to consider is a 5/1 or 7/1 adjustable rate mortgage. A locked in rate is nice, but most people don't keep a mortgage more than 7 years anyway so why pay to fix the rate longer if you're planning to move? Finally, 20 year mortgages are offered, but the interest rate usually equals a 30 year mortgage so they've never made any sense to me.
I guess you could give him a visa if he's arrested, charged and jailed for life immediately upon landing.
In response to:

The Second U.S. Housing Bubble?

amackent Wrote: Mar 28, 2014 3:19 PM
It's true that interest rates are (artificially) low now, but the chart clearly shows that median household income is much lower than than before the 1st bubble popped. I'm a real estate agent too, but if you can't see trouble in that chart, you're fooling yourself.
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