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21-07-2012, 09:34 PM
(21-07-2012, 12:44 AM)Big Toe Wrote: All this talk about making things affordable is total B.S.
You have 30yr leasehold 'affordable' factory space, you got cars that pay over 10 years, the maximum allowed on a usable life of a car.
Now you got 50yr housing loans. The point is not about whether a person qualifies for it or not,
it's about the direction in which we are heading. No one looks at the cost of the product anymore, they look at how much they need to fork out each month and this encourages reckless borrowing.
No one owns anything anymore, the bank owns everything.
And by the time you finish paying, it is probably near the end of its useful life or near end of your life.
I beg to differ. It looks like the banks own everything. But actually it's "BIG BROTHERS" running the show. We are mere digits.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.