Jimmy Carter Is On The Tonight Show With Jay Leno NOW

[Hardrock69]

Show has just now started. It is 10:30 PM CST Monday Nov. 21 right now....musical guest is the Eurythmics...

[MERRYKISSMASS2U]

sweet dreams doo doo doo doo! jimmy carter was a bad president (Price of homes?) but he is a great person. He donates a ton of time to habitat for humanity. CST? I thought you lived on Fornax 9!

[FORD]

Jimmy Carter was the last truly American President this country had. If he weren't 80 years old, I'd be chairing his re-election campaign right now

[DLR'sCock]

Kool, thanks!

A great man!

[MERRYKISSMASS2U]

Originally posted by FORD
Jimmy Carter was the last truly American President this country had. If he weren't 80 years old, I'd be chairing his re-election campaign right now

Homes would be 5 million dollars... I couldn't afford another carter reign of terror.

[BigBadBrian]

[MERRYKISSMASS2U]

Originally posted by BigBadBrian

you are a fucking genious if you created that.

[Hardrock69]

He had some interesting stuff to say....

[FORD]

Originally posted by MERRYKISSMASS2U
Homes would be 5 million dollars... I couldn't afford another carter reign of terror.

Are you fucking high?? Housing costs more right NOW than it has in any time in human history. I believe most people with full time jobs could still afford to live in the city they worked in in the late 70's.

Not so in the last few years.

[Cathedral]

Originally posted by FORD
Are you fucking high?? Housing costs more right NOW than it has in any time in human history. I believe most people with full time jobs could still afford to live in the city they worked in in the late 70's.

Not so in the last few years.

Dude, when Carter was President the interest rate on homes was 16 - 17%, the highest they have ever been in history.
More people own homes today than ever before.
You are right though, homes do cost more today than they did in the 70's, but the average income back then was only $15,000 where today it is $35,000 to $75,000.
Also, you can get a 40 year loan now which the max was 30 back then.
That alone has resulted in 23% more people qualifying for a home loan than ever before.

I bought this condo with zero money down, that was not possible when Carter was President, but it wasn't his fault though, the market was in the shitter before he took office.
Of course i bought this through a loan assumption which means the seller paid my 10% down payment out of their pocket.
All i did was take over the note which was less than 30 days from default and i got it at $25,000 below the appraisal value.
Which means that i instantly got $25,000 in equity at closing that i can borrow against.

One thing that we cannot really complain about is the current economy, but i feel the bottom is due to fall out of it soon.

My advice to anyone thinking of buying a home in the next 5 years is to buy it now, the market will get worse and there is no telling when or if interest rates will be as good as they have been.
They are going up and have gone up over the last year, but even now they are at record low rates.
It isn't the price of the home that determines the payment, it is the interest rate and the down payment, and the down payment has minimal effect on that at best.

It really is the best time ever to buy a home, and i'm looking into buying a rental property that was just brought to my attention for a fraction of it's value.
The payment is so low that i could rent it out for enough to profit $600 per month after paying the note.
If all goes the way it has been described to me i may even be able to pocket $5,000 at closing just because it's a foreclosure property.
In essence, the bank will pay me $5,000 to take it off their hands because they got stuck with it.
Then, I can turn it around and sell it for full market value and pocket the difference.

And if you already own a home that has a variable interest rate, now is the time to re-finance and get a fixed rate. that will not only reduce your payment substantially, it will make it easier to qualify for a home equity loan to pay off other bills.

You can say what you want about Bush, but you cannot say much about the economy, that is what i consider his only success story.
Sure homes values are through the roof, but with interest rates being what they are people can purchase a home for not much more than they pay to rent.
Only you don't build equity or own anything when you rent.

I've said it before and i'll say it again, if you want to make real money fast, invest in realestate while the investing is good.
properties will provide you with a return no stock ever has been or will ever be able to do.

[MERRYKISSMASS2U]

Originally posted by Cathedral
Dude, when Carter was President the interest rate on homes was 16 - 17%, the highest they have ever been in history.
More people own homes today than ever before.
You are right though, homes do cost more today than they did in the 70's, but the average income back then was only $15,000 where today it is $35,000 to $75,000.
Also, you can get a 40 year loan now which the max was 30 back then.
That alone has resulted in 23% more people qualifying for a home loan than ever before.

I bought this condo with zero money down, that was not possible when Carter was President, but it wasn't his fault though, the market was in the shitter before he took office.
Of course i bought this through a loan assumption which means the seller paid my 10% down payment out of their pocket.
All i did was take over the note which was less than 30 days from default and i got it at $25,000 below the appraisal value.
Which means that i instantly got $25,000 in equity at closing that i can borrow against.

One thing that we cannot really complain about is the current economy, but i feel the bottom is due to fall out of it soon.

My advice to anyone thinking of buying a home in the next 5 years is to buy it now, the market will get worse and there is no telling when or if interest rates will be as good as they have been.
They are going up and have gone up over the last year, but even now they are at record low rates.
It isn't the price of the home that determines the payment, it is the interest rate and the down payment, and the down payment has minimal effect on that at best.

It really is the best time ever to buy a home, and i'm looking into buying a rental property that was just brought to my attention for a fraction of it's value.
The payment is so low that i could rent it out for enough to profit $600 per month after paying the note.
If all goes the way it has been described to me i may even be able to pocket $5,000 at closing just because it's a foreclosure property.
In essence, the bank will pay me $5,000 to take it off their hands because they got stuck with it.
Then, I can turn it around and sell it for full market value and pocket the difference.

And if you already own a home that has a variable interest rate, now is the time to re-finance and get a fixed rate. that will not only reduce your payment substantially, it will make it easier to qualify for a home equity loan to pay off other bills.

You can say what you want about Bush, but you cannot say much about the economy, that is what i consider his only success story.
Sure homes values are through the roof, but with interest rates being what they are people can purchase a home for not much more than they pay to rent.
Only you don't build equity or own anything when you rent.

I've said it before and i'll say it again, if you want to make real money fast, invest in realestate while the investing is good.
properties will provide you with a return no stock ever has been or will ever be able to do.

THANKS! Someone here knows there history. Do you remember the longass gas lines during Carter?

[Cathedral]

Yep, sure do, but in all reality the President has no control over what oil companies charge.
They tried price control back then which was a tremendous failure and contributed largely to the shortage.

My Dad sold the V-8's and bought a Ford Falcon and a Chevy Corvair as his remedy, lol.
He was an independant truck driver so he had to pay the fuel bill for that as well, those were not pleasant days and had quite a bit to do with the failure of their marriage when my mother went to work selling realestate to make end s meet.
My dad was a proud man and her having to take a job crushed his idea of being the bread winner.

[Nitro Express]

Shit. Now is the time to SELL real estate in the US and not buy. Too many suckers driving up prices to unsustainable prices. It's all being driven by speculative buying and mortgage lenders willing to loan the money since Fanny Mae buys 90% of the mortgages.

Hey being on a race track is great if you are with proffessional drivers but with a bunch of amatures on it, you can get killed. The real estate market is full of "get rich quick" suckers right now trying to make some quick money to pay off their other debts.

[ELVIS]

Originally posted by MERRYKISSMASS2U
Someone here knows there history.

And someone here doesn't know their there, or their they're...

[MERRYKISSMASS2U]

i am going to have to start walking if the fucking gas doesnt calm down. about a month ago, i remember paying 3 buxxx a gallon. 3 days ago i payed 2.09. Things are looking good!