Jul 31 2008
The Importance of Fractions, Checkout Line at Target
So I’m standing in line buying an enormous popup canopy thing the other day at Target and there is a father-son duo right ahead of me. The dad looks to be early forties. The son - 10ish. They are clean cut, well groomed, well dressed and are buying what appear to be odds and ends [...]
Aug 9 2007
Pay Option ARMS
The real estate market here in California continues to plunge. One unfortunate dynamic is that there are a large number of houses financed with Pay Option ARMs. Unfortunately, these are actually negative amortization loans - meaning that not only are people losing money on the actual value (or purchase price), but their loan balance is [...]
