Investing

[gehringer_2]

1 hour ago, Screwball said:

More auto recalls. This from a couple days ago;

 Honda to recall over 406,000 US vehicles over wheel detachment issue, NHTSA says

Wheel "detachment." Really? That's a nice way to say your ****ing wheel might fall off the car.

Usually not a good thing.

Steel lug inserts falling out of Al wheels. Have had a lot of alloy wheels, have never had them with steel lug inserts. - why? Honda claims only 3700 bad wheels out of 1.6M total sold, but they have to find the bad ones. 🙄

Not really a fan of steel and Al together unless you absolutely have to, it's  two metals that don't play together particularly well.

Edited Sunday at 09:04 PM by gehringer_2

[Screwball]

Yea, me either. It's probably another case of cost cutting over design integrity. Our products are full of these failures waiting to happen. Tick tick tick.

[Screwball]

Reading around on the 50 year mortgage thing, one thing people are talking about is the annual rise in land taxes and insurance, which many times are baked into their monthly payment. Their payments go up annually to adjust, and when paid off, you have to pony up the money yearly, instead of in your payment.

Depending on the local rates and insurance company. Our little burg decided they could raise our land taxes, based on our appraised land value, and we couldn't really do jack **** about it. You could set up a meeting and challenge it, but those I knew who did, failed. Some seemed really excessive. Lot's of pissed off people. 

My home insurance is going up at a not so good rate too.

Thank you very much.

[gehringer_2]

1 hour ago, Screwball said:

Reading around on the 50 year mortgage thing, one thing people are talking about is the annual rise in land taxes and insurance, which many times are baked into their monthly payment. Their payments go up annually to adjust, and when paid off, you have to pony up the money yearly, instead of in your payment.

Depending on the local rates and insurance company. Our little burg decided they could raise our land taxes, based on our appraised land value, and we couldn't really do jack **** about it. You could set up a meeting and challenge it, but those I knew who did, failed. Some seemed really excessive. Lot's of pissed off people. 

My home insurance is going up at a not so good rate too.

Thank you very much.

And we live in relatively 'safe' places insurance wise. What is happening to rates in CA and FLA has to be pretty frightening.if you are a homeowner.

[Screwball]

My point was really about the other factors to the loans. The schedule is what it is and you can budget around that, a constant, but the other charges are not under our control. Depending on area and insurance company. I haven't heard any of those getting any cheaper no matter who or what.

And to go the next step, as a homeowner, rather paid off or not, you must maintain it.

[gehringer_2]

32 minutes ago, Screwball said:

My point was really about the other factors to the loans. The schedule is what it is and you can budget around that, a constant, but the other charges are not under our control. Depending on area and insurance company. I haven't heard any of those getting any cheaper no matter who or what.

And to go the next step, as a homeowner, rather paid off or not, you must maintain it.

we have a stub end of low APR mortgage that will be up in only a few month now. The total annual payment is less than my property taxes are now, and if some poor fool buys this hose when we're gone and the Michigan "Headlee" and "PropA" tax limits get reset, they be paying 40% more that that.

Edited Monday at 04:06 AM by gehringer_2

[Edman85]

My fiscal conservative roots take over when I hear about things like 50 year mortgages and crypto deregulation. Not for me, but if people want to be stupid and partake, it is their funeral.

[Deleterious]

Carry the water

 

[chasfh]

1 hour ago, Deleterious said:

Carry the water

 

Moving toward official Buy Borrow Die policy.

[Screwball]

On 11/8/2025 at 9:14 PM, Deleterious said:

Why is the government ballyhooing this like it's a good thing?

Google tells me the average age of a first time home buyer is now 40 years old.  You will be 79 when you achieve 50% equity?  

My heart hurts. 

 

I'm only using the above post by Del because the one below uses the same chart porn.

More on 50 year loans.

Trump Proposes 50-Year Government-Backed Mortgages, I Propose Something Else

[Screwball]

Not a bubble.