Tag: mortgages
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What to do — and not do — with your former mortgage dollars
21 March 2012With the decision to stop paying our mortgage, our immediate expenses dropped by nearly $3000 per month. That saved us over $32k in 2011 alone. So what did we do with all that ‘extra’ money? Well, first of all, about $6000 went to pay additional income tax, now that we no longer qualified for the […]
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Retrospective rubbernecking at the subprime mortgage disaster
17 November 2011As I mentioned once before, I have a block on ‘formal’ book reviews, so consider this just a friendly little chat, okay? I trust Stacy’s opinions implicitly, particularly on matters of journalism, so when in passing she praised Michael Lewis’ The Big Short, the very next thing I did was hit the library web site […]
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The giant sucking sound at the bottom of the global pool
22 August 2008If you’re not a regular listener of This American Life, you may have missed the May episode entitled “The Giant Pool of Money”. It explains why what we have now isn’t just a ‘sub-prime mortgage lending crisis’ but a ‘worldwide credit crisis.’ It’s masterfully written, taking all the jargon and translating it into plain, often […]