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Do the fricking math!
If a company with initial capital CAP issues 10 25yr loans a year at the going price of 1000 currency units with a total return of 120% on the loan over that period (the numbers are not as important as the principle ... you can work it out using current rates and the more complicated interest calculations later on if you need to) then
... if prices are stable (ie 10 loans in year 25 cost 10000 as they did in year 1) it will be year 21 in which income first exceeds outgoings enabling capital to start to recover from CAP - 99200 which it reached at the end of year 20.
... if prices rise by just 1% year on year (ie 10 loans in year 25 cost 12697) it will be year 24 in which income first exceeds outgoings and capital will be recovering from CAP - 114442
Now given that price rises have been considerably greater than 1%, that interest rates are low and stable, and that high prices inevitably mean an increase in defaulters at a later date, please tell me again how rising house prices are good for the banks. The only way for moneylenders of any kind to make instant money is short term loans at exorbitant interest rates (credit card companies and pay day loan merchants take a bow). Banks do not have that luxury.
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M31 versus M33[^]
Not today's. Or yesterday's. Stoopid super moon. Stoopid water on Mars.
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If the boat yard has a paddle sale, it an oar deal?
Bad command or file name. Bad, bad command! Sit! Stay! Staaaay...
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I hear the salesmen are a very stern bunch.
"the debugger doesn't tell me anything because this code compiles just fine" - random QA comment
"Facebook is where you tell lies to your friends. Twitter is where you tell the truth to strangers." - chriselst
"I don't drink any more... then again, I don't drink any less." - Mike Mullikins uncle
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They're alcoholics - they drink port all day.
/ravi
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Too much port makes me keel over.
"the debugger doesn't tell me anything because this code compiles just fine" - random QA comment
"Facebook is where you tell lies to your friends. Twitter is where you tell the truth to strangers." - chriselst
"I don't drink any more... then again, I don't drink any less." - Mike Mullikins uncle
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Glad you're no longer imbibing and that's water under the bridge now.
/ravi
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Thanks, I feel a hull of a lot better these days.
"the debugger doesn't tell me anything because this code compiles just fine" - random QA comment
"Facebook is where you tell lies to your friends. Twitter is where you tell the truth to strangers." - chriselst
"I don't drink any more... then again, I don't drink any less." - Mike Mullikins uncle
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I should done it schooner.
"the debugger doesn't tell me anything because this code compiles just fine" - random QA comment
"Facebook is where you tell lies to your friends. Twitter is where you tell the truth to strangers." - chriselst
"I don't drink any more... then again, I don't drink any less." - Mike Mullikins uncle
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Now that you're on board with the idea, I'm sure it's going to be smooth sailing from here on.
/ravi
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I hope so, you know how old habits tug on you.
"the debugger doesn't tell me anything because this code compiles just fine" - random QA comment
"Facebook is where you tell lies to your friends. Twitter is where you tell the truth to strangers." - chriselst
"I don't drink any more... then again, I don't drink any less." - Mike Mullikins uncle
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Yeah, sometimes your hands are tide.
/ravi
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And sometimes you're the mast er.
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Yes, I'd rudder be that.
/ravi
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You just had to barge in.
"the debugger doesn't tell me anything because this code compiles just fine" - random QA comment
"Facebook is where you tell lies to your friends. Twitter is where you tell the truth to strangers." - chriselst
"I don't drink any more... then again, I don't drink any less." - Mike Mullikins uncle
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Looks like he wanted to seas the opportunity.
/ravi
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Which he did, I'll give him props for that.
"the debugger doesn't tell me anything because this code compiles just fine" - random QA comment
"Facebook is where you tell lies to your friends. Twitter is where you tell the truth to strangers." - chriselst
"I don't drink any more... then again, I don't drink any less." - Mike Mullikins uncle
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Quote:
I hear the salesmen sailsmen are a very stern bunch.
FTFY
How do we preserve the wisdom men will need,
when their violent passions are spent?
- The Lost Horizon
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Looks like the sort of question they ponder at Harrow and Roedean.
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I'm holding out for the sail!
New version: WinHeist Version When you have eliminated the JavaScript, whatever remains must be an empty page. Unknown
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I'd like to issue a stern warning knot to bow down to pressure.
Although there's no actual porpoise to ferry weird commentary, focill nonetheless palaver.
"The difference between genius and stupidity is that genius has its limits." - Albert Einstein | "As far as we know, our computer has never had an undetected error." - Weisert | "If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010 |
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Are they better salesmen or sailsmen?
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I bow to your superior knowledge as I don't want to have a row and rock the boat
We can’t stop here, this is bat country - Hunter S Thompson RIP
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