Hi folks! I am Fred Thompson..

Discussion in 'Politics' started by uscitizen, Feb 20, 2012.

  1. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    And like you I have wondered about reverse mortgages...



    LMAO! just LMAO.

    You can make this up!
     
    • Thank You! Thank You! x 1
  2. Baruch Menachem
    Offline

    Baruch Menachem '

    Joined:
    Sep 12, 2008
    Messages:
    14,204
    Thanks Received:
    3,235
    Trophy Points:
    185
    Ratings:
    +3,305
    Say it isn't so.....

    It is like seeing your Biology teacher passing out Chick Tracts at the local park
     
  3. strollingbones
    Online

    strollingbones Diamond Member

    Joined:
    Aug 18, 2008
    Messages:
    65,602
    Thanks Received:
    15,612
    Trophy Points:
    2,190
    Location:
    chicken farm
    Ratings:
    +31,903
    i dont get the reverse thing...dont you basically just sell your house?
     
    • Thank You! Thank You! x 1
  4. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807

    Basically and you get payouts from the equity. when you die the equity "loan" is settled up and unless someone can pay off the "loan" the house is the loaners.
     
  5. strollingbones
    Online

    strollingbones Diamond Member

    Joined:
    Aug 18, 2008
    Messages:
    65,602
    Thanks Received:
    15,612
    Trophy Points:
    2,190
    Location:
    chicken farm
    Ratings:
    +31,903
    so you are betting against yourself?
     
  6. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    Not really, you are making sure the kids inherit nothing.
    You are basically taking out an equity loan with the house as collateral.

    I am not sure what happens if you die soon or can you run out of the payments if you live too long?
    Seems kinda wrong to me somehow.

    A strange way to bypass any inheritance taxes.
    :)
     
  7. JoeB131
    Online

    JoeB131 Diamond Member

    Joined:
    Jul 11, 2011
    Messages:
    80,447
    Thanks Received:
    6,869
    Trophy Points:
    1,815
    Location:
    Chicago, Chicago, that Toddling Town
    Ratings:
    +14,999
    Which might be a good deal for some people. Like someone who has no heirs. Or someoen whose children have their own homes, but aren't supporting their parents or even visiting very often.

    Maybe a sign of our times that the extended family is vanishing and the nuclear family is nuclear.
     
  8. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807

    Ahh yes the decline in family values and it is all the liberals fault!
     
  9. Mr. H.
    Offline

    Mr. H. Diamond Member

    Joined:
    Aug 19, 2009
    Messages:
    44,117
    Thanks Received:
    9,265
    Trophy Points:
    2,030
    Location:
    A warm place with no memory.
    Ratings:
    +15,391
    What's funny about Fred?
     
  10. Late2TheParty
    Offline

    Late2TheParty Classical Liberal

    Joined:
    Mar 15, 2011
    Messages:
    200
    Thanks Received:
    32
    Trophy Points:
    16
    Ratings:
    +32
    Dread the Fred!!!
     

Share This Page