Comments on: Your Income and Your House http://jeffnolan.com/wp/2007/12/17/your-income-and-your-house/ Jeff Nolan's take on investment, innovation, entrepreneurship and the technology industry Mon, 06 Feb 2012 06:44:37 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Payday Advance http://jeffnolan.com/wp/2007/12/17/your-income-and-your-house/comment-page-1/#comment-214004 Payday Advance Tue, 15 Jan 2008 09:47:49 +0000 http://jeffnolan.com/wp/2007/12/17/your-income-and-your-house/#comment-214004 Find out aboud <a>cash advance</a> today by utilizing a remarkable cash advance association! Online cash advance www.assuredcashadvances.com might be a fine idea. Find out aboud cash advance today by utilizing a remarkable cash advance association! Online cash advance http://www.assuredcashadvances.com might be a fine idea.

]]> By: Jeff http://jeffnolan.com/wp/2007/12/17/your-income-and-your-house/comment-page-1/#comment-203506 Jeff Tue, 18 Dec 2007 17:18:45 +0000 http://jeffnolan.com/wp/2007/12/17/your-income-and-your-house/#comment-203506 It's not the government's job to be your nanny. We risk devaluing the underpinnings of what it means to be an adult, and as an unintended consequence, contract law, when public policy shifts from regulating a marketplace and prosecuting criminal abuses, to cleaning up the messes people get themselves in. It’s not the government’s job to be your nanny. We risk devaluing the underpinnings of what it means to be an adult, and as an unintended consequence, contract law, when public policy shifts from regulating a marketplace and prosecuting criminal abuses, to cleaning up the messes people get themselves in.

]]> By: Dennis Howlett http://jeffnolan.com/wp/2007/12/17/your-income-and-your-house/comment-page-1/#comment-203353 Dennis Howlett Tue, 18 Dec 2007 07:06:03 +0000 http://jeffnolan.com/wp/2007/12/17/your-income-and-your-house/#comment-203353 @Jeff - nah - don't buy this either but for slightly different reasons. In any market, there has to be supply and demand. In financial services, we already know which way the economic power relationships are tilted so yes, responsible, but that's you. Many people are vulnerable to offers which almost always turn out 'too good to be true.' Extricating my missus from one such deal was one of my first jobs many years ago. She didn't know any better and had been sold a pile of crap. @Jeff – nah – don’t buy this either but for slightly different reasons. In any market, there has to be supply and demand. In financial services, we already know which way the economic power relationships are tilted so yes, responsible, but that’s you. Many people are vulnerable to offers which almost always turn out ‘too good to be true.’ Extricating my missus from one such deal was one of my first jobs many years ago. She didn’t know any better and had been sold a pile of crap.

]]> By: Jeff http://jeffnolan.com/wp/2007/12/17/your-income-and-your-house/comment-page-1/#comment-203256 Jeff Tue, 18 Dec 2007 00:34:00 +0000 http://jeffnolan.com/wp/2007/12/17/your-income-and-your-house/#comment-203256 Jason, I can't argue with you on that point, but my strong personal responsibility vein weighs me more heavily on the borrowers being at fault here. I think Congress bears some responsibility as well, they have harangued lenders to open up borrowing for low income markets, which they responded to. In the end, there's going to be enough blame to go around on this one. Jason,
I can’t argue with you on that point, but my strong personal responsibility vein weighs me more heavily on the borrowers being at fault here. I think Congress bears some responsibility as well, they have harangued lenders to open up borrowing for low income markets, which they responded to.

In the end, there’s going to be enough blame to go around on this one.

]]> By: Jason Kolb http://jeffnolan.com/wp/2007/12/17/your-income-and-your-house/comment-page-1/#comment-203204 Jason Kolb Mon, 17 Dec 2007 21:58:58 +0000 http://jeffnolan.com/wp/2007/12/17/your-income-and-your-house/#comment-203204 Jeff, Have to disagree with you on this one--partially. While borrowers should definitely know better than to borrow beyond their means, there is another guilty party here: the banks. They should never have made these loans to begin with, and they know it. They securitized and sold off as much of the risk as possible. Both guilty parties are about to get what's coming to them, barring gov't intervention: bankruptcy/insolvency. Jason Jeff,

Have to disagree with you on this one–partially. While borrowers should definitely know better than to borrow beyond their means, there is another guilty party here: the banks. They should never have made these loans to begin with, and they know it. They securitized and sold off as much of the risk as possible. Both guilty parties are about to get what’s coming to them, barring gov’t intervention: bankruptcy/insolvency.

Jason

]]> By: Jeff http://jeffnolan.com/wp/2007/12/17/your-income-and-your-house/comment-page-1/#comment-203184 Jeff Mon, 17 Dec 2007 21:12:02 +0000 http://jeffnolan.com/wp/2007/12/17/your-income-and-your-house/#comment-203184 Thanks Noah! While I have always kept the perspective that I write this blog for an audience of one - me - I would be disingenuous to not acknowledge that I greatly appreciate comments such as yours. Thanks Noah! While I have always kept the perspective that I write this blog for an audience of one – me – I would be disingenuous to not acknowledge that I greatly appreciate comments such as yours.

]]> By: Noah Horton http://jeffnolan.com/wp/2007/12/17/your-income-and-your-house/comment-page-1/#comment-203182 Noah Horton Mon, 17 Dec 2007 21:04:59 +0000 http://jeffnolan.com/wp/2007/12/17/your-income-and-your-house/#comment-203182 Jeff, I just want to comment on how much I enjoy your blog. While I often speak about the same issues with friends, your blog posts are always great links to send to folks as a great summary of the issue in question. Thanks for taking the time to write such great posts. Jeff, I just want to comment on how much I enjoy your blog. While I often speak about the same issues with friends, your blog posts are always great links to send to folks as a great summary of the issue in question. Thanks for taking the time to write such great posts.

]]>