Bill McKee wrote:
You cut the 30 year home loan. The bank does not worry about you paying.
They have inflation and points and at least 10% up front.

Financed a house lately?

Down payments are like the American work ethic, a thing of the past.

Of course, if you're smart, you'll realize that 'no down payment' is
just a nice way for the bank to say 'we're going to take all that, and
more, out of your hide over the next few decades.' But one can easily
buy a house with no down payment. Of course it is true that if you do
have a big chunk of change up front, it's a lot easier to get favorable
(to you) financing.

DSK

Kubez wrote:
Proven incontestably wrong by every study conducted.

Really? How about a few references on that? Or can you truly not find
your way back to the real world?


Sorry, but YOU are the one who made the ridiculous claim.

No, I made a perfectly reasonable claim that is true... translation,
that's the way it is in the real world. "True" seems to have a different
meaning for you.

... Here, let me
quote it for you:

But if you live to be 100, you collect a lot more than you paid
in, more than you'd have if you invested that same money wisely...

Back it up, big boy. Back. It. Up.

My my, you are an immature jackass, aren't you?

OK, look here.

http://ssa-custhelp.ssa.gov/cgi-bin/...p_sid=ApUjUUbg

But golly, the Social Security Administration doesn't know a darn thing
about benefits payouts, do they?


And what if you retire the day after a stock market crash?


You still come out better.

That's a ridiculous claim. Care to back it up? You know, like with facts?

.. Obviously you know jack**** about the stock
market (not surprising), otherwise you'd know that despite the "crash",
the general market was FLAT in 1987.

Really? Then how come the Dow and the S&P took until about 1992 to catch
up to 1987 levels? How come profitability (reflected in average P/E
ratios) still hasn't caught up to pre 1987 levels (although it was close
in the mid 1990s)?

In other words, you're wrong. Again. Try looking at facts instead of
just making up some impressive sounding BS.

... And let's consider someone who DID
retire the day after the crash of '87. They started working right after
WWII. Look at where the market was in 1946 and where it was in 1987. Now
it's easy to see what an absolutely ignorant fool you truly are.

How many stock market crashes were there between 1946 & 1987? How many
years of bear markets & flat markets? How many highly recommended stocks
went down?

The historical average for the stock market is 12%, which is why no-load
wide-base index funds (such as I invest in) are the smartest long term
investment. But they're hardly bullet-proof.

Guess why retirees in Great Britain and South America who opted for a
stock investment based retirement plan 10+ years ago are unhappy now.
But hey, that's the real world again, doesn't affect you...

Social Security *is* bulletproof. You pay in, you get money back.

Barring, of course, the extremely unlikely circumstance of U.S. default
....which Bush & Cheney are working hard to make more likely... and would
bring on a world wide economic crisis that would make the Great
Depression look like a church picnic...

DSK

NOYB wrote:

I hate foreign aid.

That's because you're quite hateful.