The richness of the written word.... no hashtags, no text-abbrevs
8 years ago
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- 8 years ago
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Who's to Blame for the Mortgage Mess? Banks, Not Homeowners
Comments (46)Berniek is right: Much of the blame here falls upon the shoulders of the politicians (led by then-President Clinton), who forced banks to begin some rather foolish lending practices. Alan Greenspan certainly did his share to push this concept of "everyone can borrow" during his time as Fed chairman. Between creative financing, no money down offers, and other such options, the government has given people plenty of rope with which to hang themselves. We Americans haven't proven ourselves to be particularly strong in the moderation and self-discipline categories over the last 30-40 years. Also, remember the climate that existed in the 90s, when I bought my first house: Spurred on by the soaring housing prices, people were convinced that buying "as much house as you can afford" was a good move. Housing was considered an investment that couldn't fail. Yes, the experts began preaching about "the housing bubble" long before it hit, but the masses couldn't grasp how this sure-thing could ever fall. And there's always been a (faulty) basic belief that "If I couldn't afford it, the bank wouldn't lend it to me." I fully agree with those who say that Real Estate agents will push buyers to their upper limits and beyond, and banks will lend what they can -- it's all about profits for them. Yet, the home owner DOES also bear the brunt of personal responsibility. After all, who cares most about whether I can afford my mortgage -- and still buy groceries and other things I need? Clearly, it's ME! I reap the rewards or punishments of my decisions, so I should do the math and know whether I can comfortably afford a house (or anything else) before I buy it. However, we've sort of left that thinking behind in today's buy-now-pay-later society. We're constantly told that "we deserve" this or that thing. That if we're going to finance it, we deserve to have exactly what we want. That "everyone" has debt. We've got to get past that....See MoreWhen did (and why) did the word "Hacks" replace "Tips"
Comments (67)Quite a few of the British also use that glottal stop in a word where Canadians would vocalize an "r": e.g. "fo-y" instead of "forty" (I guess that involves both the disavowed "R" and "T")! (Spell check doesn't like my pronunciation, either). ole joyful...See MoreMore words I have recently had to look up ....
Comments (150)What good sleuths you are! A Delft vase indeed, Annpan. And Woodnymph, I believe the answer is in the spelling you found - apparently the word is tulipiere rather than tulipier. I wonder if this was a typo in the book, or a spelling variation that no dictionary seems to mention. The pictures on the recommended websites are wild. I don't know how one could miss noticing such an object upon first visit, as the book suggests. From Wikipedia: A tulipiere or tulip-holder is an ornate flower-holder that is usually made of hand-crafted pottery, classically delftware. They are typically constructed to accommodate one single flower stem per spout with a larger common water reservoir base....See MoreQuotes - 4 - 28 - 17 page 2
Comments (2)Thanks for the quotes from one of my favorite authors. It must be terrifying to know that you have Alzheimer's, especially when you are a writer and your brain is the tool you depend on. There are quit a few quotes which I identify with, not related to his disease....See More- 8 years ago
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