From now to the end of the year, an increasing number of adjustable rate mortgages (ARM's) will reset to higher interest rates. This will mean huge increases in monthly mortgage payments in a very tight economy. Many would-be homeowners will not be able to make those payments.
The video below shows a chart of when these ARM's are scheduled to reset. Pause the video there & study it.
The rate climbs from now to the end of 2009, and then it drops off a little in January/February 2010. Then it begins to expand at an almost exponential rate.
Since someone normally must fall three months behind before the bank forecloses, I would guess that we will see foreclosures begin to accelerate in January, 2010.
Friday, September 11, 2009
Saturday, September 5, 2009
President Obama Addresses Public School Stucents
Yesterday I took a poll on Facebook: "Should President Obama be allowed to do a nationwide address to school children without parental consent?" I voted "I don't care." My reason follows:
Craig Mutton voted 'I don't care' in the poll! There's no right way to do the wrong thing, and the godless, socialistic, statist school system is definitely the wrong thing. Parents who put their children there are getting just what they asked for (and what they've forced me to pay for).
Why do the majority of professing, "evangelical" Christians still render their children unto Caesar? We are to render unto Caesar the things that are Caesar's and unto God the things that are God's.
The Christian's children belong to God (Psalm 127:3), not to Caesar.
If you're on the fence about this issue, read Gary North's "President Obama to Read My Pet Schools to America's Students on Tuesday, September 8". Not that it will make that much difference.
For most professing Christians, to buck the public-school tide in our society is too costly by far. Better to render God's heritage (their children) to Caesar than to incur the too-high price of discipleship.
Craig Mutton voted 'I don't care' in the poll! There's no right way to do the wrong thing, and the godless, socialistic, statist school system is definitely the wrong thing. Parents who put their children there are getting just what they asked for (and what they've forced me to pay for).
Why do the majority of professing, "evangelical" Christians still render their children unto Caesar? We are to render unto Caesar the things that are Caesar's and unto God the things that are God's.
The Christian's children belong to God (Psalm 127:3), not to Caesar.
If you're on the fence about this issue, read Gary North's "President Obama to Read My Pet Schools to America's Students on Tuesday, September 8". Not that it will make that much difference.
For most professing Christians, to buck the public-school tide in our society is too costly by far. Better to render God's heritage (their children) to Caesar than to incur the too-high price of discipleship.
Friday, September 4, 2009
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