Comments on: Weekend Reading – Sept 26, 2008

By: Finance Guru

Finance Guru — Sat, 27 Sep 2008 04:42:20 +0000

It is interesting to note that people spend over 50% on Mortgages. Looks like Finance 101 principles and caution are thrown to the wind

By: MultifolDream$

MultifolDream$ — Sat, 27 Sep 2008 03:48:41 +0000

This number for US is shocking. It would be interesting to see what it would be for Canada.

By: Thankful For Fools

Thankful For Fools — Fri, 26 Sep 2008 22:09:02 +0000

It’s not completely unreasonable to assume those numbers if housing considers all the bills involved in maintaining a home.

I wouldn’t want to be int hat position, but I do know how I would be able to do it.

I always love more information on dividends though. I love the weekend reading, FT, thanks again.

By: FrugalTrader

FrugalTrader — Fri, 26 Sep 2008 20:13:45 +0000

Thanks guys, fixed the error!

By: OilyGasMiner

OilyGasMiner — Fri, 26 Sep 2008 19:55:21 +0000

Frugal, Great sources, homeowners are being burnt left right and centre. We are living in an age where “savings” and a “retirement plan” are only a dream for the vast majority. We have bailouts in place to benefit institutions while consumers receive the blunt end of this “super plan”. The US trade deficit is rising at a rapid pace and is nearing the $7TRILLION dollar markSource . Almost sounds like we’re talking about a monopoly game here. Wait a minute… hmmm I think I’ll take Board Walk. Have a great weekend everyone.

By: Gates VP

Gates VP — Fri, 26 Sep 2008 19:00:34 +0000

Yeah FT, nobleea has it:

the numbers are:
15% mortgagees spend 50%+ income on mortgage
35% mortgagees spend 30%+ income on mortgage

50% mortgagees spend 30%+ income on mortgage

FTA: But now an estimated 10 million homeowners owe more on their mortgages than their homes are worth

20% mortgagees owe more on mortgage than the home is worth

(and I suspect that number is getting worse)

Thanks for the great links.

By: Dividends Anonymous

Dividends Anonymous — Fri, 26 Sep 2008 17:44:02 +0000

The Dividend Guy’s post on what are some of the “Four Most Important Metrics When Evaluating Dividend Stocks” was probably one of my favourite posts of the week.

Good job on the Green Shift post giving both sides of the current/proposed plan. Sadly it’s not being discussed and will likely be decided on by how individual voters interpret the plan through the media coverage.

By: nobleea

nobleea — Fri, 26 Sep 2008 14:45:39 +0000

FT;

I think the headline “It appears that over 50% of homeowners with a mortgages in the U.S spend over half their income on housing” is misleading. The article appears to say over 50% of homeowners with a mortgage spend over 30% of their income on housing.”

According to the article, only 15% of homeowners with a mortgage spend over half of their income on housing.

By: Canadian Capitalist

Canadian Capitalist — Fri, 26 Sep 2008 14:30:34 +0000

Thanks FT! Have a great weekend!