FB: Liberty League

['gro]

hey reg, have you run into this situation w/ mreg yet....pbr is sitting at home relaxing watching some college hoops...in comes mpbr from a day of shopping. mpbr waltzes into the room and starts pulling everything out of 100+ bags accumulated from the day and actually thinks pbr wants to see what she actually bought....pbr is peaking around both sides of her trying to give her the non verbal clue that she is in pbr's way and he cant see the game and get the he|| out of the way....finally the light bulb goes on and mpbr realizes she is in pbr's way and gives pbr the deep sigh etc....is pbr wrong here wtf pbr just wants to kick back w/ a cold beer and chill you can show pbr AFTER the game(not that pbr would care then either but pbr will at least play along and seemed interested...)

PBR you need to set up a read world confessional booth in your house.  When this situation occurs again, the wife can go to said booth and show off the clothes while you watch via the PIP on the flatscreen TV.  If there is a break in the action or MPBR looks like she's making an audition tape for rock of love III you can hit the swap button and give it your full attention.

[PBR...]

hey reg, have you run into this situation w/ mreg yet....pbr is sitting at home relaxing watching some college hoops...in comes mpbr from a day of shopping. mpbr waltzes into the room and starts pulling everything out of 100+ bags accumulated from the day and actually thinks pbr wants to see what she actually bought....pbr is peaking around both sides of her trying to give her the non verbal clue that she is in pbr's way and he cant see the game and get the he|| out of the way....finally the light bulb goes on and mpbr realizes she is in pbr's way and gives pbr the deep sigh etc....is pbr wrong here wtf pbr just wants to kick back w/ a cold beer and chill you can show pbr AFTER the game(not that pbr would care then either but pbr will at least play along and seemed interested...)

PBR you need to set up a read world confessional booth in your house.  When this situation occurs again, the wife can go to said booth and show off the clothes while you watch via the PIP on the flatscreen TV.  If there is a break in the action or MPBR looks like she's making an audition tape for rock of love III you can hit the swap button and give it your full attention.

BOL!!! PBR luvs that idea...should be mandatory and even possible new man law...pbr is commissioning the general contractor as you read this to commence construction immediately!!!

[Regulator]

hey reg, have you run into this situation w/ mreg yet....pbr is sitting at home relaxing watching some college hoops...in comes mpbr from a day of shopping. mpbr waltzes into the room and starts pulling everything out of 100+ bags accumulated from the day and actually thinks pbr wants to see what she actually bought....pbr is peaking around both sides of her trying to give her the non verbal clue that she is in pbr's way and he cant see the game and get the he|| out of the way....finally the light bulb goes on and mpbr realizes she is in pbr's way and gives pbr the deep sigh etc....is pbr wrong here wtf pbr just wants to kick back w/ a cold beer and chill you can show pbr AFTER the game(not that pbr would care then either but pbr will at least play along and seemed interested...)

PBR you need to set up a read world confessional booth in your house.  When this situation occurs again, the wife can go to said booth and show off the clothes while you watch via the PIP on the flatscreen TV.  If there is a break in the action or MPBR looks like she's making an audition tape for rock of love III you can hit the swap button and give it your full attention.

BOL!!! PBR luvs that idea...should be mandatory and even possible new man law...pbr is commissioning the general contractor as you read this to commence construction immediately!!!

PBR- MR usually gives Reg the <very excited>"do you want to see what I bought today?!?"  Reg- "no, but how much did you spend" <MR storms out of the room>

Update on the stupid hippie wedding for jerks-
Reg will not be attending said wedding, however MR and MILMR will be making a short vacation of the trip around napa valley and Tahoe.  This was a hard fought battle where MR and Reg were nearly to blows....however, in the end we came to a mutual agreement. (basically she can spend as much money out there as she wants) and I get to sit home.

[PBR...]

hey reg, have you run into this situation w/ mreg yet....pbr is sitting at home relaxing watching some college hoops...in comes mpbr from a day of shopping. mpbr waltzes into the room and starts pulling everything out of 100+ bags accumulated from the day and actually thinks pbr wants to see what she actually bought....pbr is peaking around both sides of her trying to give her the non verbal clue that she is in pbr's way and he cant see the game and get the he|| out of the way....finally the light bulb goes on and mpbr realizes she is in pbr's way and gives pbr the deep sigh etc....is pbr wrong here wtf pbr just wants to kick back w/ a cold beer and chill you can show pbr AFTER the game(not that pbr would care then either but pbr will at least play along and seemed interested...)

PBR you need to set up a read world confessional booth in your house.  When this situation occurs again, the wife can go to said booth and show off the clothes while you watch via the PIP on the flatscreen TV.  If there is a break in the action or MPBR looks like she's making an audition tape for rock of love III you can hit the swap button and give it your full attention.

BOL!!! PBR luvs that idea...should be mandatory and even possible new man law...pbr is commissioning the general contractor as you read this to commence construction immediately!!!

PBR- MR usually gives Reg the <very excited>"do you want to see what I bought today?!?"  Reg- "no, but how much did you spend" <MR storms out of the room>

Update on the stupid hippie wedding for jerks-
Reg will not be attending said wedding, however MR and MILMR will be making a short vacation of the trip around napa valley and Tahoe.  This was a hard fought battle where MR and Reg were nearly to blows....however, in the end we came to a mutual agreement. (basically she can spend as much money out there as she wants) and I get to sit home.

u get to sit home on the boat and head to bikini bar on the water....

[JT]

hey reg, have you run into this situation w/ mreg yet....pbr is sitting at home relaxing watching some college hoops...in comes mpbr from a day of shopping. mpbr waltzes into the room and starts pulling everything out of 100+ bags accumulated from the day and actually thinks pbr wants to see what she actually bought....pbr is peaking around both sides of her trying to give her the non verbal clue that she is in pbr's way and he cant see the game and get the he|| out of the way....finally the light bulb goes on and mpbr realizes she is in pbr's way and gives pbr the deep sigh etc....is pbr wrong here wtf pbr just wants to kick back w/ a cold beer and chill you can show pbr AFTER the game(not that pbr would care then either but pbr will at least play along and seemed interested...)

PBR you need to set up a read world confessional booth in your house.  When this situation occurs again, the wife can go to said booth and show off the clothes while you watch via the PIP on the flatscreen TV.  If there is a break in the action or MPBR looks like she's making an audition tape for rock of love III you can hit the swap button and give it your full attention.

BOL!!! PBR luvs that idea...should be mandatory and even possible new man law...pbr is commissioning the general contractor as you read this to commence construction immediately!!!

PBR- MR usually gives Reg the <very excited>"do you want to see what I bought today?!?"  Reg- "no, but how much did you spend" <MR storms out of the room>

Update on the stupid hippie wedding for jerks-
Reg will not be attending said wedding, however MR and MILMR will be making a short vacation of the trip around napa valley and Tahoe.  This was a hard fought battle where MR and Reg were nearly to blows....however, in the end we came to a mutual agreement. (basically she can spend as much money out there as she wants) and I get to sit home.

Her money or yours?

[Knightstalker]

hey reg, have you run into this situation w/ mreg yet....pbr is sitting at home relaxing watching some college hoops...in comes mpbr from a day of shopping. mpbr waltzes into the room and starts pulling everything out of 100+ bags accumulated from the day and actually thinks pbr wants to see what she actually bought....pbr is peaking around both sides of her trying to give her the non verbal clue that she is in pbr's way and he cant see the game and get the he|| out of the way....finally the light bulb goes on and mpbr realizes she is in pbr's way and gives pbr the deep sigh etc....is pbr wrong here wtf pbr just wants to kick back w/ a cold beer and chill you can show pbr AFTER the game(not that pbr would care then either but pbr will at least play along and seemed interested...)

PBR you need to set up a read world confessional booth in your house.  When this situation occurs again, the wife can go to said booth and show off the clothes while you watch via the PIP on the flatscreen TV.  If there is a break in the action or MPBR looks like she's making an audition tape for rock of love III you can hit the swap button and give it your full attention.

BOL!!! PBR luvs that idea...should be mandatory and even possible new man law...pbr is commissioning the general contractor as you read this to commence construction immediately!!!

PBR- MR usually gives Reg the <very excited>"do you want to see what I bought today?!?"  Reg- "no, but how much did you spend" <MR storms out of the room>

Update on the stupid hippie wedding for jerks-
Reg will not be attending said wedding, however MR and MILMR will be making a short vacation of the trip around napa valley and Tahoe.  This was a hard fought battle where MR and Reg were nearly to blows....however, in the end we came to a mutual agreement. (basically she can spend as much money out there as she wants) and I get to sit home.

Her money or yours?

You can tell JT isn't married yet, there is no his money, her money after the I dos in the womens mind, it all becomes her money.

[Regulator]

hey reg, have you run into this situation w/ mreg yet....pbr is sitting at home relaxing watching some college hoops...in comes mpbr from a day of shopping. mpbr waltzes into the room and starts pulling everything out of 100+ bags accumulated from the day and actually thinks pbr wants to see what she actually bought....pbr is peaking around both sides of her trying to give her the non verbal clue that she is in pbr's way and he cant see the game and get the he|| out of the way....finally the light bulb goes on and mpbr realizes she is in pbr's way and gives pbr the deep sigh etc....is pbr wrong here wtf pbr just wants to kick back w/ a cold beer and chill you can show pbr AFTER the game(not that pbr would care then either but pbr will at least play along and seemed interested...)

PBR you need to set up a read world confessional booth in your house.  When this situation occurs again, the wife can go to said booth and show off the clothes while you watch via the PIP on the flatscreen TV.  If there is a break in the action or MPBR looks like she's making an audition tape for rock of love III you can hit the swap button and give it your full attention.

BOL!!! PBR luvs that idea...should be mandatory and even possible new man law...pbr is commissioning the general contractor as you read this to commence construction immediately!!!

PBR- MR usually gives Reg the <very excited>"do you want to see what I bought today?!?"  Reg- "no, but how much did you spend" <MR storms out of the room>

Update on the stupid hippie wedding for jerks-
Reg will not be attending said wedding, however MR and MILMR will be making a short vacation of the trip around napa valley and Tahoe.  This was a hard fought battle where MR and Reg were nearly to blows....however, in the end we came to a mutual agreement. (basically she can spend as much money out there as she wants) and I get to sit home.

Her money or yours?

You can tell JT isn't married yet, there is no his money, her money after the I dos in the womens mind, it all becomes her money.

Hahaha- The way I look at it is not his or her or our money (MR obviously pulls her own weight), it's $XX00 dollars I could have spent on something cooler than sipping wine in the napa valley and watching two people kiss when you clang your glass with a spoon (PS- Gro is totally "that guy")

[JT]

hey reg, have you run into this situation w/ mreg yet....pbr is sitting at home relaxing watching some college hoops...in comes mpbr from a day of shopping. mpbr waltzes into the room and starts pulling everything out of 100+ bags accumulated from the day and actually thinks pbr wants to see what she actually bought....pbr is peaking around both sides of her trying to give her the non verbal clue that she is in pbr's way and he cant see the game and get the he|| out of the way....finally the light bulb goes on and mpbr realizes she is in pbr's way and gives pbr the deep sigh etc....is pbr wrong here wtf pbr just wants to kick back w/ a cold beer and chill you can show pbr AFTER the game(not that pbr would care then either but pbr will at least play along and seemed interested...)

PBR you need to set up a read world confessional booth in your house.  When this situation occurs again, the wife can go to said booth and show off the clothes while you watch via the PIP on the flatscreen TV.  If there is a break in the action or MPBR looks like she's making an audition tape for rock of love III you can hit the swap button and give it your full attention.

BOL!!! PBR luvs that idea...should be mandatory and even possible new man law...pbr is commissioning the general contractor as you read this to commence construction immediately!!!

PBR- MR usually gives Reg the <very excited>"do you want to see what I bought today?!?"  Reg- "no, but how much did you spend" <MR storms out of the room>

Update on the stupid hippie wedding for jerks-
Reg will not be attending said wedding, however MR and MILMR will be making a short vacation of the trip around napa valley and Tahoe.  This was a hard fought battle where MR and Reg were nearly to blows....however, in the end we came to a mutual agreement. (basically she can spend as much money out there as she wants) and I get to sit home.

Her money or yours?

You can tell JT isn't married yet, there is no his money, her money after the I dos in the womens mind, it all becomes her money.

Actually we both have separate accounts, share general bills, and pretty much stay out of each other's finances.  We also don't open each other's mail.

[JT]

hey reg, have you run into this situation w/ mreg yet....pbr is sitting at home relaxing watching some college hoops...in comes mpbr from a day of shopping. mpbr waltzes into the room and starts pulling everything out of 100+ bags accumulated from the day and actually thinks pbr wants to see what she actually bought....pbr is peaking around both sides of her trying to give her the non verbal clue that she is in pbr's way and he cant see the game and get the he|| out of the way....finally the light bulb goes on and mpbr realizes she is in pbr's way and gives pbr the deep sigh etc....is pbr wrong here wtf pbr just wants to kick back w/ a cold beer and chill you can show pbr AFTER the game(not that pbr would care then either but pbr will at least play along and seemed interested...)

PBR you need to set up a read world confessional booth in your house.  When this situation occurs again, the wife can go to said booth and show off the clothes while you watch via the PIP on the flatscreen TV.  If there is a break in the action or MPBR looks like she's making an audition tape for rock of love III you can hit the swap button and give it your full attention.

BOL!!! PBR luvs that idea...should be mandatory and even possible new man law...pbr is commissioning the general contractor as you read this to commence construction immediately!!!

PBR- MR usually gives Reg the <very excited>"do you want to see what I bought today?!?"  Reg- "no, but how much did you spend" <MR storms out of the room>

Update on the stupid hippie wedding for jerks-
Reg will not be attending said wedding, however MR and MILMR will be making a short vacation of the trip around napa valley and Tahoe.  This was a hard fought battle where MR and Reg were nearly to blows....however, in the end we came to a mutual agreement. (basically she can spend as much money out there as she wants) and I get to sit home.

Her money or yours?

You can tell JT isn't married yet, there is no his money, her money after the I dos in the womens mind, it all becomes her money.

Hahaha- The way I look at it is not his or her or our money (MR obviously pulls her own weight), it's $XX00 dollars I could have spent on something cooler than sipping wine in the napa valley and watching two people kiss when you clang your glass with a spoon (PS- Gro is totally "that guy")

Cause its money spent on people you couldn't give two ishes about.  JT does experience this front time-to-time.

[Knightstalker]

hey reg, have you run into this situation w/ mreg yet....pbr is sitting at home relaxing watching some college hoops...in comes mpbr from a day of shopping. mpbr waltzes into the room and starts pulling everything out of 100+ bags accumulated from the day and actually thinks pbr wants to see what she actually bought....pbr is peaking around both sides of her trying to give her the non verbal clue that she is in pbr's way and he cant see the game and get the he|| out of the way....finally the light bulb goes on and mpbr realizes she is in pbr's way and gives pbr the deep sigh etc....is pbr wrong here wtf pbr just wants to kick back w/ a cold beer and chill you can show pbr AFTER the game(not that pbr would care then either but pbr will at least play along and seemed interested...)

PBR you need to set up a read world confessional booth in your house.  When this situation occurs again, the wife can go to said booth and show off the clothes while you watch via the PIP on the flatscreen TV.  If there is a break in the action or MPBR looks like she's making an audition tape for rock of love III you can hit the swap button and give it your full attention.

BOL!!! PBR luvs that idea...should be mandatory and even possible new man law...pbr is commissioning the general contractor as you read this to commence construction immediately!!!

PBR- MR usually gives Reg the <very excited>"do you want to see what I bought today?!?"  Reg- "no, but how much did you spend" <MR storms out of the room>

Update on the stupid hippie wedding for jerks-
Reg will not be attending said wedding, however MR and MILMR will be making a short vacation of the trip around napa valley and Tahoe.  This was a hard fought battle where MR and Reg were nearly to blows....however, in the end we came to a mutual agreement. (basically she can spend as much money out there as she wants) and I get to sit home.

Her money or yours?

You can tell JT isn't married yet, there is no his money, her money after the I dos in the womens mind, it all becomes her money.

Hahaha- The way I look at it is not his or her or our money (MR obviously pulls her own weight), it's $XX00 dollars I could have spent on something cooler than sipping wine in the napa valley and watching two people kiss when you clang your glass with a spoon (PS- Gro is totally "that guy")

Cause its money spent on people you couldn't give two ishes about.  JT does experience this front time-to-time.

That must be why KS doesn't mind going to Detroit in two weeks for the Nephews wedding.  KS likes his nephew and future Mrs. Nephew FMN.  Plus it gives KS and excuse for the side trip to Canton on the way home from Detroit.

[PBR...]

dang...400ft and at what 400mph is one helluva close call....pbr would be raiding the drink cart after that miss...

http://postgazette.com/pg/08066/862944-147.stm

[Senor RedTackle]

RT's  been contributing to this problem since 2002




Homeowner equity is lowest since 1945 By J.W. ELPHINSTONE, AP Business Writer
1 hour, 27 minutes ago

NEW YORK - Americans' percentage of equity in their homes fell below 50 percent for the first time on record since 1945, the Federal Reserve said Thursday.

ADVERTISEMENT

Homeowners' portion of equity slipped to downwardly revised 49.6 percent in the second quarter of 2007, the central bank reported in its quarterly U.S. Flow of Funds Accounts, and declined further to 47.9 percent in the fourth quarter — the third straight quarter it was under 50 percent.

That marks the first time homeowners' debt on their houses exceeds their equity since the Fed started tracking the data in 1945.

The total value of equity also fell for the third straight quarter to $9.65 trillion from a downwardly revised $9.93 trillion in the third quarter.

Home equity, which is equal to the percentage of a home's market value minus mortgage-related debt, has steadily decreased even as home prices jumped earlier this decade due to a surge in cash-out refinances, home equity loans and lines of credit and an increase in 100 percent or more home financing.

Economists expect this figure to drop even further as declining home prices eat into the value of most Americans' single largest asset.

Moody's Economy.com estimates that 8.8 million homeowners, or about 10.3 percent of homes, will have zero or negative equity by the end of the month. Even more disturbing, about 13.8 million households, or 15.9 percent, will be "upside down" if prices fall 20 percent from their peak.

The latest Standard & Poor's/Case-Shiller index showed U.S. home prices plunging 8.9 percent in the final quarter of 2007 compared with a year ago, the steepest decline in the 20-year history of the index.

The news follows a report from the Mortgage Bankers Association on Thursday that home foreclosures skyrocketed to an all-time high in the final quarter of last year. The proportion of all mortgages nationwide that fell into foreclosure surged to a record of 0.83 percent, while the percentage of adjustable-rate mortgages to borrowers with risky credit that entered the foreclosure process soared to a record of 5.29 percent.

Experts expect foreclosures to rise as more homeowners struggle with adjusting rates on their mortgages, making their monthly payments unaffordable. Problems in the credit markets and eroding home values are making it harder to refinance out of unmanageable loans.

The threat of so-called "mortgage walkers," or homeowners who can afford their payments but decide not to pay, also increases as home values depreciate and equity diminishes. Banks and credit-rating agencies already are seeing early evidence of this.

On Tuesday, Fed Chairman Ben Bernanke suggested lenders reduce loan amounts to provide relief to beleaguered homeowners.

[union89]

RT's  been contributing to this problem since 2002




Homeowner equity is lowest since 1945 By J.W. ELPHINSTONE, AP Business Writer
1 hour, 27 minutes ago

NEW YORK - Americans' percentage of equity in their homes fell below 50 percent for the first time on record since 1945, the Federal Reserve said Thursday.

ADVERTISEMENT

Homeowners' portion of equity slipped to downwardly revised 49.6 percent in the second quarter of 2007, the central bank reported in its quarterly U.S. Flow of Funds Accounts, and declined further to 47.9 percent in the fourth quarter — the third straight quarter it was under 50 percent.

That marks the first time homeowners' debt on their houses exceeds their equity since the Fed started tracking the data in 1945.

The total value of equity also fell for the third straight quarter to $9.65 trillion from a downwardly revised $9.93 trillion in the third quarter.

Home equity, which is equal to the percentage of a home's market value minus mortgage-related debt, has steadily decreased even as home prices jumped earlier this decade due to a surge in cash-out refinances, home equity loans and lines of credit and an increase in 100 percent or more home financing.

Economists expect this figure to drop even further as declining home prices eat into the value of most Americans' single largest asset.

Moody's Economy.com estimates that 8.8 million homeowners, or about 10.3 percent of homes, will have zero or negative equity by the end of the month. Even more disturbing, about 13.8 million households, or 15.9 percent, will be "upside down" if prices fall 20 percent from their peak.

The latest Standard & Poor's/Case-Shiller index showed U.S. home prices plunging 8.9 percent in the final quarter of 2007 compared with a year ago, the steepest decline in the 20-year history of the index.

The news follows a report from the Mortgage Bankers Association on Thursday that home foreclosures skyrocketed to an all-time high in the final quarter of last year. The proportion of all mortgages nationwide that fell into foreclosure surged to a record of 0.83 percent, while the percentage of adjustable-rate mortgages to borrowers with risky credit that entered the foreclosure process soared to a record of 5.29 percent.

Experts expect foreclosures to rise as more homeowners struggle with adjusting rates on their mortgages, making their monthly payments unaffordable. Problems in the credit markets and eroding home values are making it harder to refinance out of unmanageable loans.

The threat of so-called "mortgage walkers," or homeowners who can afford their payments but decide not to pay, also increases as home values depreciate and equity diminishes. Banks and credit-rating agencies already are seeing early evidence of this.

On Tuesday, Fed Chairman Ben Bernanke suggested lenders reduce loan amounts to provide relief to beleaguered homeowners.

Good Times....my cousin in Worcester just got foreclosed on a 30 year fixed.....WTF??

[Regulator]

This article is really bull crap....I mean think about it...who really cares if average equity fell below 50%?  That means that on a $300k mortgage that the average person has $150k equity....which is really good.

I wonder how skewed the data is from the top 20% of the equity to debt homeowners i.e. those that bought a house for $75k and now it's worth $500k.  I would love to see what the equity is on houses bought in the last 3 years, my bet is ~10-14% (since most people put down 10%) EDIT: The more I think about it I bet it's between 3-5%

Here is a report that Reg wants to see.

How many investors went into this market thinking they were some RE guru and ended up taking a hit on a "sure thing" property.

[Knightstalker]

Maybe the people of KS parents generation had the right idea.  Buy a nice home in a decent community and stay there instead of selling every few years because you need to "move up".  You have kids, need more room, add an addition.  The value will flucuate but the house will be worth more than you paid for it in the long run.  Here is the other smart real estate tip given to KS by his Aunt who at one point was a top saleswoman for Weichert.  Buy a house you can afford to make payments on, stay away from Mortgage brokers and varialble rate mortgages unless their is a reasonable cap on the high rate.