MiddleClassCentrist Posted May 28, 2012 Report Posted May 28, 2012 (edited) Well... no, if you're on the left side of the political spectrum you probably DON'T care that a potential PM is bad at managing money and doesn't care much about how much debt is owed. Are you libellously saying that Mulclair is a poor money manager even though the National Post argues it's fully feasible? Odd. Edited May 28, 2012 by MiddleClassCentrist Quote Ideology does not make good policy. Good policy comes from an analysis of options, comparison of options and selection of one option that works best in the current situation. This option is often a compromise between ideologies.
fellowtraveller Posted May 28, 2012 Report Posted May 28, 2012 I can't think of an example of the NDP jumping on something like this, actually. Liberals were behind things like Vikileaks or the fixation on Bruce Carson's dating life. Which ignores the lawsuit that Pat Martin (prominent NDP) is facing right now from the owner of the company he Edmonton he slandered over Robocalls. Martin may have to refinance his house 11 times too when that bunfight is over. He was even given an opportunity to apologize, but waited too long. Renewing your mortgage 11 times in 30 years is not so unusual, though most folks would have it paid off by then. After all, the normal mortgage term is five years in Canada. Refinancing from a $58K debt to a $300k debt at age 57 when steadily employed is not usual for anybody with any financial acuman. He'll pay several hundred thousand dollars for a house worth $65k. Maybe that is not an unusual mindset for public money, but not for personal money. Quote The government should do something.
bud Posted May 28, 2012 Report Posted May 28, 2012 a lot of people re-mortgage their homes to borrow money against the principal of the property that has increased in value over time. especially when interest rates are so low. i did the same thing with my house and was able to invest what i borrowed in purchasing a home, renovating it and flipping it. of course, it was a bit risky, but i managed to make pretty good money from it. Quote http://whoprofits.org/
Argus Posted May 28, 2012 Author Report Posted May 28, 2012 Why should he care the guy earns like 250,000 dollars a year he can afford the mortgage. Until he fails to get re-elected. Anyway, that isn't the point. I can afford my mortgage, too. That's why I'm paying it off. He's always earned good money. Why can't he pay off his mortgage? Quote "A liberal is someone who claims to be open to all points of view — and then is surprised and offended to find there are other points of view.” William F Buckley
Argus Posted May 28, 2012 Author Report Posted May 28, 2012 Maybe Muclair is just better at investing then you. He felt and maybe he did get a better return for his house value on the market instead of keeping it parked in his house. Are you seriously suggesting Mulcair was mortgaging his house to play the stock market? Quote "A liberal is someone who claims to be open to all points of view — and then is surprised and offended to find there are other points of view.” William F Buckley
Argus Posted May 28, 2012 Author Report Posted May 28, 2012 So sue me then... I seriously doubt Mapleleaf Web is interested in being sued alongside you. And if you think they will help keep you anonymous in the face of a lawsuit you're even dumber than your posts would otherwise indicate. Quote "A liberal is someone who claims to be open to all points of view — and then is surprised and offended to find there are other points of view.” William F Buckley
Argus Posted May 28, 2012 Author Report Posted May 28, 2012 Are libellously saying that Mulclair is a poor money manager even though the National Post argues it's fully feasible? Odd. Evidently, you don't have the first clue about what libel is other than it's a word you're heard other people use. Maybe you should stick to using small words of single syllables.... Quote "A liberal is someone who claims to be open to all points of view — and then is surprised and offended to find there are other points of view.” William F Buckley
cybercoma Posted May 28, 2012 Report Posted May 28, 2012 Evidently, you don't have the first clue about what libel is other than it's a word you're heard other people use. Maybe you should stick to using small words of single syllables.... You're a much better poster when you're not playing the personal-insults game. Quote
Argus Posted May 28, 2012 Author Report Posted May 28, 2012 You're a much better poster when you're not playing the personal-insults game. I'm responding to an accusation. And it was an observation about that poster's obvious unfamiliarity with the libel laws. Quote "A liberal is someone who claims to be open to all points of view — and then is surprised and offended to find there are other points of view.” William F Buckley
punked Posted May 28, 2012 Report Posted May 28, 2012 Until he fails to get re-elected. Anyway, that isn't the point. I can afford my mortgage, too. That's why I'm paying it off. He's always earned good money. Why can't he pay off his mortgage? Even if he fails to get re-elected he has two if not three public pensions coming his way. 300,000 is nothing on a mortgage sorry your argument doesn't even make sense. He clearly has more then enough coming in to pay his bills. Quote
punked Posted May 28, 2012 Report Posted May 28, 2012 Are you seriously suggesting Mulcair was mortgaging his house to play the stock market? You don't have to invest in the market to get a better return then on average housing in Canada has given you in 20 of the last 30 years. Now you are being silly. Quote
MiddleClassCentrist Posted May 28, 2012 Report Posted May 28, 2012 (edited) I'm responding to an accusation. And it was an observation about that poster's obvious unfamiliarity with the libel laws. You are saying Mulcair is a poor money manager with no proof of poor money management. Or you can educate yourself and understand something other than the corporatist party propaganda http://business.financialpost.com/2012/05/28/maybe-mulcair-had-it-right/ is this exactly what debt should be used for — enhancing both your career and your wealth? If you are borrowing money at 3.5% and you have an opportunity for a yield of about 4.5% in a basic investment of say real estate investment trusts, that looks like a winner even before you consider the advantage of writing off interest. Edited May 28, 2012 by MiddleClassCentrist Quote Ideology does not make good policy. Good policy comes from an analysis of options, comparison of options and selection of one option that works best in the current situation. This option is often a compromise between ideologies.
Argus Posted May 28, 2012 Author Report Posted May 28, 2012 You are saying Mulcair is a poor money manager with no proof of poor money management. I said no such thing. Quote "A liberal is someone who claims to be open to all points of view — and then is surprised and offended to find there are other points of view.” William F Buckley
MiddleClassCentrist Posted May 28, 2012 Report Posted May 28, 2012 (edited) I said no such thing. Ok. So he isn't a poor money manger. End of thread. Thanks for coming out Edited May 28, 2012 by MiddleClassCentrist Quote Ideology does not make good policy. Good policy comes from an analysis of options, comparison of options and selection of one option that works best in the current situation. This option is often a compromise between ideologies.
BubberMiley Posted May 28, 2012 Report Posted May 28, 2012 I can afford my mortgage, too. That's why I'm paying it off. He's always earned good money. Why can't he pay off his mortgage? Uh...because he chose to invest it elsewhere? Just because you aren't smart enough to leverage your money out of a real estate bubble doesn't mean everyone else should be equally foolish. Quote "I think it's fun watching the waldick get all excited/knickers in a knot over something." -scribblet
guyser Posted May 28, 2012 Report Posted May 28, 2012 And it was an observation about that poster's obvious unfamiliarity with the libel laws. Wouldnt that be pedantic ? Quote
TimG Posted May 28, 2012 Report Posted May 28, 2012 Uh...because he chose to invest it elsewhere? Just because you aren't smart enough to leverage your money out of a real estate bubble doesn't mean everyone else should be equally foolish.Ah leveraged investing. If it good for for wall street hedge funds it must be good for average people. An odd stance for some who rants about bankers and money managers. Quote
BubberMiley Posted May 28, 2012 Report Posted May 28, 2012 An odd stance for some who rants about bankers and money managers. I don't rant about bankers and money managers any more than anyone else. Actually, leveraged investing can be very prudent and wise. It's the old don't-put-all-your-eggs-in-one-basket approach. It certainly isn't what led us into the economic mess we're in, if that's what you're trying to get at. Quote "I think it's fun watching the waldick get all excited/knickers in a knot over something." -scribblet
TimG Posted May 28, 2012 Report Posted May 28, 2012 (edited) Actually, leveraged investing can be very prudent and wise.Yep. It is up there with getting rich by flipping properties during a bubble. Great way to make money until the party stops and you are left holding a debt with huge interest payments unless you want to sell your assets at discount in a down market. Edited May 28, 2012 by TimG Quote
BubberMiley Posted May 29, 2012 Report Posted May 29, 2012 Yep. It is up there with getting rich by flipping properties during a bubble. You really don't understand the concept of not putting all your eggs in one basket? Quote "I think it's fun watching the waldick get all excited/knickers in a knot over something." -scribblet
TimG Posted May 29, 2012 Report Posted May 29, 2012 (edited) You really don't understand the concept of not putting all your eggs in one basket?I understand the concept of paying off debt first before worrying about diversifying my eggs. Paying off debt is guaranteed a return of 3-5% depending on the mortgage. Investing in stocks is crap shoot that is not likely to return much more once you deduct the interest on the loan. Edited May 29, 2012 by TimG Quote
Rick Posted May 29, 2012 Report Posted May 29, 2012 I'm responding to an accusation. And it was an observation about that poster's obvious unfamiliarity with the libel laws. Oh I'm familiar with them, I simply choose to treat them with the respect they deserve.None. Quote “This is all about who you represent,” Mr. Dewar (NDP) said. “We’re (NDP) talking about representing the interests of working people and everyday Canadians and they [the Conservatives] are about representing the fund managers who come in and fleece our companies and our country. Voted Maple Leaf Web's 'Most Outstanding Poster' 2011
Wilber Posted May 29, 2012 Report Posted May 29, 2012 Oh I'm familiar with them, I simply choose to treat them with the respect they deserve. None. So you think you should be able to say anything you want about anyone you want without conseqences. My guess is the last place you would do it is to their face. Quote "Never trust a man who has not a single redeeming vice". WSC
Argus Posted May 29, 2012 Author Report Posted May 29, 2012 Uh...because he chose to invest it elsewhere? Just because you aren't smart enough to leverage your money out of a real estate bubble doesn't mean everyone else should be equally foolish. I'm not saying that's impossible. But the vision you seem to be trying to present of Mulcair as some sort of rabid stock market capitalist seems wholly at odds with his "I hate wall street" socialist mentality. Quote "A liberal is someone who claims to be open to all points of view — and then is surprised and offended to find there are other points of view.” William F Buckley
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.