fellowtraveller Posted May 29, 2012 Report Posted May 29, 2012 That being said, I have owned my home for close to 20 years and have remortgaged three (3) times, all at lower rates. I would do so now but I am relatively close to paying it ofCompletely different, as you were renewing as your term came due and you had the good fortune to obtain lower rates as you paid it down. Quote The government should do something.
fellowtraveller Posted May 29, 2012 Report Posted May 29, 2012 WTF are you even talking about? My comment was a response to TimG's comment that I was responding to your post 191. Quote The government should do something.
Evening Star Posted May 29, 2012 Report Posted May 29, 2012 (edited) I was responding to your post 191. And I summarized that discussion: I responded that I can't think of many examples of the NDP doing this (i.e. smearing political opponents over personal matters that are unrelated to politics) and that the two examples in recent memory (the leak of information about Toews's divorce and the exploitation of Bruce Carson's dating life) both came from the Liberals, which is in fact part of why I hold the LPC in such disdain. You then responded by bringing up a case where Pat Martin made unwise and hasty comments about a company's involvement in an actual political issue, which is something completely different and not apparently relevant to the topic in question. When I pointed out this difference, you're responding with what is afaict a reference to Mulcair's libel suit, again a different sort of situation from the ones I was talking about.If Tim had said "NDP politicians tend to shoot off their mouths without always thinking first", your comments might be relevant. I would have a harder time disagreeing with that statement, by the way. i.e. Post 191 was a response to your post 152, which was a complete non-sequitur of a response to my post 119. Edited May 29, 2012 by Evening Star Quote
jbg Posted May 29, 2012 Report Posted May 29, 2012 Completely different, as you were renewing as your term came due and you had the good fortune to obtain lower rates as you paid it down. You were responding to me and you couldn't be more wrong. In 1992 we closed a 30 year, self-amortizing mortgage at 6.45 %. In early 1994, needing a bit of cash and the rates having dropped, we closed a new, 30 year self-amortizing mortgage at 5.625%. We took out approximately $5,000, roughly the amount we paid down, and the closing costs. In August 2003, with rates at then historic lows, we closed a 15 year self-amortizing mortgage at 4.75%, this time taking out only the closing costs. Our term was never close to coming due.In the U.S. most people borrow on a long-term, self-amortizing basis. Quote Free speech: "You can say what you want, but I don't have to lend you my megaphone." Always remember that when you are in the right you can afford to keep your temper, and when you are in the wrong you cannot afford to lose it. - J.J. Reynolds. Will the steps anyone is proposing to fight "climate change" reduce a single temperature, by a single degree, at a single location? The mantra of "world opinion" or the views of the "international community" betrays flabby and weak reasoning (link).
Argus Posted May 29, 2012 Author Report Posted May 29, 2012 You were responding to me and you couldn't be more wrong. In 1992 we closed a 30 year, self-amortizing mortgage at 6.45 %. In early 1994, needing a bit of cash and the rates having dropped, we closed a new, 30 year self-amortizing mortgage at 5.625%. We took out approximately $5,000, roughly the amount we paid down, and the closing costs. In August 2003, with rates at then historic lows, we closed a 15 year self-amortizing mortgage at 4.75%, this time taking out only the closing costs. Our term was never close to coming due. In the U.S. most people borrow on a long-term, self-amortizing basis. In the US mortgage interest is tax deductible, and if your house price drops you can always simply walk away. Neither is the case in Canada. And if he'd done it three times it wouldn't have been a story. Even if he'd done it four times, or even five. But he did it eleven times. And it wasn't remortgaging, since he was taking money out and now owns five times what the original mortgage was worth. And his thoughts on handling debt are of major importance given he could one day be prime minister. And it's not like he's ever going to tell us his thoughts either. 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 29, 2012 Author Report Posted May 29, 2012 Mulcair's personal finances are really nobody's business, just as Vic Toews personal affairs are none of our business. I disagree in both cases. 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 29, 2012 Author Report Posted May 29, 2012 Uh...to get money at a lower interest rate than a line of credit? And why does anyone need to borrow money eleven times? 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
Boges Posted May 29, 2012 Report Posted May 29, 2012 And why does anyone need to borrow money eleven times? To start 11 business that no one knows about. Quote
BubberMiley Posted May 29, 2012 Report Posted May 29, 2012 Perhaps to fund political campaigns that oil companies are not interested in investing in. Or to make investments that will provide a better return than the going interest rate. Or to fund your own, your wife's or your children's education. Or to pay legal bills. We've established that you would only consider spending it on loose women and cheap liquor, but not everyone has the same priorities as you. Quote "I think it's fun watching the waldick get all excited/knickers in a knot over something." -scribblet
MiddleClassCentrist Posted May 29, 2012 Report Posted May 29, 2012 And why does anyone need to borrow money eleven times? You've already said that you are not trying to say that he is a bad financial manager.(The only point this thread could be making was then nulled) Your line of discussion was over several pages ago and yet you continue. That was the appropriate time to exit the discussion, having admitted that you are not accusing Mulcair of being a poor manager of money. Especially since explanations have already been discussed. 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.
capricorn Posted May 30, 2012 Report Posted May 30, 2012 Maybe Mulcair's been taking Harper's advice to buy stocks or mutual funds when shares plummeted at the beginning of the recession? Mulcair is free to do whatever he wants in his private financial affairs. It makes no difference to me. The NDP won't ever get my vote anyway. Quote "We always want the best man to win an election. Unfortunately, he never runs." Will Rogers
Wilber Posted May 30, 2012 Report Posted May 30, 2012 Especially since explanations have already been discussed. Possibilities have been discussed, not explanations. Quote "Never trust a man who has not a single redeeming vice". WSC
cybercoma Posted May 30, 2012 Report Posted May 30, 2012 One thing is for sure. Mulcair never paid $16 for orange juice on the taxpayer's dime. Quote
Signals.Cpl Posted May 30, 2012 Report Posted May 30, 2012 One thing is for sure. Mulcair never paid $16 for orange juice on the taxpayer's dime. That we know of... Quote Hope for the Best, Prepare for the Worst
Shakeyhands Posted May 30, 2012 Report Posted May 30, 2012 Mulcair is free to do whatever he wants in his private financial affairs. It makes no difference to me. The NDP won't ever get my vote anyway. True, it is his business... But why pass up the opportunity for a good old fashioned CPC drive by smear? Quote "They muddy the water, to make it seem deep." - Friedrich Nietzsche
punked Posted May 30, 2012 Report Posted May 30, 2012 That we know of... Just like Harper hasn't eaten kittens that we know of........I guess I'll give him the benefit of the doubt but you probably wont right? Quote
Moonbox Posted May 30, 2012 Report Posted May 30, 2012 Just like Harper hasn't eaten kittens that we know of........I guess I'll give him the benefit of the doubt but you probably wont right? Harper is a cat man. He would be more likely to eat puppies. I, on the other hand, love dogs, and, if forced to decide, would rather eat kittens. Quote "A man is no more entitled to an opinion for which he cannot account than he does for a pint of beer for which he cannot pay" - Anonymous
Fletch 27 Posted May 30, 2012 Report Posted May 30, 2012 Dutch Disease.. This man knows what he speaks of! LOLOLOL Quote
Argus Posted May 30, 2012 Author Report Posted May 30, 2012 Perhaps to fund political campaigns that oil companies are not interested in investing in. Or to make investments that will provide a better return than the going interest rate. Or to fund your own, your wife's or your children's education. Or to pay legal bills. We've established that you would only consider spending it on loose women and cheap liquor, but not everyone has the same priorities as you. What we've established is that I don't like debt. Because of that, I try to not have any, and to pay what debt I have off quickly. So if I was prime minister I would do my best to get rid of the deficit and pay down the national debt. If Mulcair, on the other hand, doesn't care how much debt he owes, and isn't overly concerned about paying it off, that would be an indication that he would not place much emphasis on paying off the federal debt or have much concern about repeated borrowing -- ie deficit financing. 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 30, 2012 Author Report Posted May 30, 2012 You've already said that you are not trying to say that he is a bad financial manager.(The only point this thread could be making was then nulled) No, what I said was that I did not state outright that he was a bad financial manager. I said that his borrowing against his mortgage 11 times, however, is highly unusual and could be an indication of that. Unless he can give some reason as to why he did it then we can assume what we want, and I think the most logical assumption would be that he has difficulty handling his financial affairs. 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
PIK Posted May 30, 2012 Report Posted May 30, 2012 (edited) What we've established is that I don't like debt. Because of that, I try to not have any, and to pay what debt I have off quickly. So if I was prime minister I would do my best to get rid of the deficit and pay down the national debt. If Mulcair, on the other hand, doesn't care how much debt he owes, and isn't overly concerned about paying it off, that would be an indication that he would not place much emphasis on paying off the federal debt or have much concern about repeated borrowing -- ie deficit financing. After he shuts down the oil fields and then chase business out of the country and then to keep all the social programs going ,where is the money going to come from, the bank. Edited May 30, 2012 by PIK Quote Toronto, like a roach motel in the middle of a pretty living room.
Argus Posted May 30, 2012 Author Report Posted May 30, 2012 One thing is for sure. Mulcair never paid $16 for orange juice on the taxpayer's dime. Has he ever been in a position where he could have done that? 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
Evening Star Posted May 30, 2012 Report Posted May 30, 2012 He was a provincial cabinet minster in Quebec. Quote
punked Posted May 31, 2012 Report Posted May 31, 2012 He was a provincial cabinet minster in Quebec. Is that what Argus meant? I thought he was asking if he was ever a Conservative MP. Quote
Signals.Cpl Posted May 31, 2012 Report Posted May 31, 2012 Is that what Argus meant? I thought he was asking if he was ever a Conservative MP. Well if he is caught doing that with his lack of understanding of finances we can excuse him... Quote Hope for the Best, Prepare for the Worst
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