Weight today is 179.0 pounds down another half pound from last week. I did great on exercise this week as I went jogging three times but also enjoyed too many late night snacks!
I was fortunate this week to win THREE books by Richard Ferri from an excellent investing site called The Dough Roller – authored by Rob whom you might know as one half of that wacky couple known as the Two Wise Acres (just for the record they are not an actual couple). I was planning to read his asset allocation book anyways since I have read rave reviews so I was pretty excited with this win.
Home Finance Series: Mortgages and the Real Cost of Ownership
Rocket Finance did the roundup for the excellent series on home ownership.
My Two Dollars posted My Thoughts On This Whole Mortgage Crisis And Why I Don’t Feel That Bad. This excellent post explains why David is a bit annoyed that people who overbought are getting helped by the government while fiscally responsible people (like him) don’t get anything.
My Dollar Plan (yes, the one with 181 financial accounts) tells us a very unusual story of how she has an adjustable rate mortgage (ARM) and not only is she happy with it – she doesn’t blame her mortgage broker, the government or space aliens for the fact that she has one.
PaidTwice wrote an interesting post on the “Can we afford it” mentality which gets into the problem of people deciding if they can afford something (such as a house) based entirely on the monthly payments.
Remodeling This Life wrote a post about how she and her husband bought a house and totally gutted it. This post brought bad some unpleasant memories for me because of our own fixer-upper experience. She has a fair bit of advice and warnings for anyone who wants to buy a fixer upper.
Cash Money Life explains how mortgage escrow accounts work. These are more common in the US although I have heard of house insurance payments being combined with mortgage payments. In a related article he discusses how his mortgage payment dropped recently because of changes in the escrow liability amounts.
That Damned Rent vs. Buy Question @ Blueprint for Financial Prosperity
Predatory Mortgage Lending and the Subprime Market @ Chance Favors
Credit Withdrawal talks about how to avoid foreclosure.
Carnivals This Week