Author: CameronDaniels

How Many Mortgages Do You Purchase in a Lifetime?

In a recent post, I lamented the inefficiencies I saw in the mortgage process. Red tape, confusing questions, obscured data and dragging one's feet is all-too-common in the loan origination business. My main question I sought to answer today is 'Why?' With a purchase so large and significant, I would hope that the market provided […]

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Risk Aversion: Why Do People Treat Risk Differently?

One of my coworkers very recently moved to this state from across the country. In doing so, he had to pick up his family, sell his house and buy a new one all while working remotely, traveling back and forth and transitioning to a new area (and climate). We got to talking about real estate […]

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Part 4 of Tales of a Mortgage: Thank You for Selling!

Last October, I mentioned that I had finally hit a net worth of zero, celebrating the occasion of being officially worthless. At that point I mentioned that my next step was to buy a house. I can now say that I finally did get down and buy a house, closing a few months ago on June […]

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Part 3 of Tales of a Mortgage: The Long and Winding Road

Last October, I mentioned that I had finally hit a net worth of zero, celebrating the occasion of being officially worthless. At that point I mentioned that my next step was to buy a house. I can now say that I finally did get down and buy a house, closing a few months ago on June […]

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Part 2 of Tales of a Mortgage: Realtors Bite!

Last October, I mentioned that I had finally hit a net worth of zero, celebrating the occasion of being officially worthless. At that point I mentioned that my next step was to buy a house. I can now say that I finally did get down and buy a house, closing a few months ago on June […]

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Part 1 of Tales of a Mortgage: How I Learned to Stop Worrying and Love the ARM

Last October, I mentioned that I had finally hit a net worth of zero, celebrating the occasion of being officially worthless. At that point I mentioned that my next step was to buy a house. I can now say that I finally did get down and buy a house, closing on June 13th). I started […]

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Lifestyle Creep and You

When most of us reach a certain point in our professional and personal finance journey, we start to experience lifestyle creep, the pressure to spend more. The causes could be social, financial... or even boredom. After a certain minimum livelihood is met, each raise or goal accomplished allows us to potentially spend or save more. […]

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Basel Equity and Its Impact on Banking and Lending

Although this blog regularly deals with personal finance, economics and politics, our interests span a wide array of other areas of life. One of my personal favorite blogs, The Volokh Conspiracy (a legal blog that has a mostly Libertarian bent, I'd say if I was permitted to classify them) recently featured a fascinating article by Nick Rosenkranz on a […]

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The Mexican and the American Tourist

I saw this proverb a few years ago through StumbleUpon and I re-discovered it recently. As part of the PF blogosphere, a lot of our attention is focused squarely on attainment of financial independence and eventual retirement. For your reading pleasure, a different take on the rat race: (source) Author Unknown An American tourist was […]

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I Am Completely Worthless

Bells are ringing! I am finally worthless! With my paycheck today my net worth has finally passed the literal and psychological $0 barrier. My financial leverage given a net worth of $1 is about 45,000-to-1. Let this be a lesson to everybody: massively over-leveraged financial positions can only end positively. Look at Long-Term Capital Management, MF Global, Bear Stearns and AIG: their executives still managed to escape with millions of dollars!

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