Mortgage Availability

wymondham

I'm surprised he has a mortgage at his age/stature??

Generali

Thrugelmir wrote: »

And yet appears to have an intalways borru only mortgage? :eek:

Expensive lifestyle perhaps.

LOL, yeah maybe. Perhaps he's a good economist and will always borrow money at 0%.

shortchanged_2

Thrugelmir wrote: »

And yet appears to have an interest only mortgage? :eek:

Expensive lifestyle perhaps.

So this means he is one of the ticking time bomb crowd. :eek:

Thrugelmir

Generali wrote: »

LOL, yeah maybe. Perhaps he's a good economist and will always borrow money at 0%.

Given his religious beliefs wouldn't be a surprise.

Crashy_Time

wymondham wrote: »

I'm surprised he has a mortgage at his age/stature??

Yes, if he makes the speaking fees he is supposed to make the need for a mortgage evaporates, unless he likes the "good debt" idea. I seriously doubt that someone with his connections couldn`t get a bank to give him money at a favourable rate. The whole story just sounds like "all in it together" nonsense to me. The public can see through this B.S now.

Bantex_2

Generali wrote: »

His house was bought for $800k+ in 2004 and is now worth $935k.

I have no idea what his credit rating is like but if I had to guess I'd say it's pretty bloody good.

He was turned down, I imagine, because he's now self employed, earning a mere $200k an evening for his time.

Like any self-respecting economist he would never pay down debt that he his paying almost no interest on!

Don't forget, this is Ben Bernanke not some Scroat wanting to up the re-mortgage on the ex-council flat to wee away.

you could barely buy an ex council flat in most of London for what his place is worth.

That is crazy.

michaels

Generali wrote: »

LOL, yeah maybe. Perhaps he's a good economist and will always borrow money at 0%.

No wonder he was so worried about deflation :cool:

Generali

Bantex wrote: »

you could barely buy an ex council flat in most of London for what his place is worth.

That is crazy.

Amazing huh. He lives on Capitol Hill as well, not in some crappy suburb outside the beltway.

Generali

michaels wrote: »

No wonder he was so worried about deflation :cool:

I think as boss of the Fed it's generally considered poor form to set monetary policy for the purposes of boosting your net worth.

padington

Generali wrote: »

I think as boss of the Fed it's generally considered poor form to set monetary policy for the purposes of boosting your net worth.

I thought that self preservation was what the 'duck hunt' on Jekyll island was all about?

How things have changed.