Comments on: The Invisible Mortgage Hand: Analysis of a Society That Forces You Into Debt. http://www.doctorhousingbubble.com/the-invisible-mortgage-hand-analysis-of-a-society-that-forces-you-into-debt/ How I Learned to Love Southern California and Forget the Housing Bubble Thu, 09 Feb 2012 03:22:22 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Dr. Housing Bubble Blog » Blog Archive » The Credit Conundrum: The New Loan Shark is the Fed. http://www.doctorhousingbubble.com/the-invisible-mortgage-hand-analysis-of-a-society-that-forces-you-into-debt/#comment-2249 Dr. Housing Bubble Blog » Blog Archive » The Credit Conundrum: The New Loan Shark is the Fed. Thu, 04 Oct 2007 06:03:55 +0000 http://www.doctorhousingbubble.com/2007/09/11/the-invisible-mortgage-hand-analysis-of-a-society-that-forces-you-into-debt/#comment-2249 [...] yet underreported.  Multiple articles have discussed this including one we did looking at the overall budget expenses for most American households.  I’m not sure why the mainstream media isn’t stating [...] [...] yet underreported.  Multiple articles have discussed this including one we did looking at the overall budget expenses for most American households.  I’m not sure why the mainstream media isn’t stating [...]

]]> By: Maureen http://www.doctorhousingbubble.com/the-invisible-mortgage-hand-analysis-of-a-society-that-forces-you-into-debt/#comment-2105 Maureen Sun, 16 Sep 2007 19:41:00 +0000 http://www.doctorhousingbubble.com/2007/09/11/the-invisible-mortgage-hand-analysis-of-a-society-that-forces-you-into-debt/#comment-2105 I live in LA county, and i pay everything with a credit card, so i can get the rebates, so i know exactly what i spent for a 2 person family.<br/>water and electric, dwp bill was 576 this month.includes trash and sewer, not optional.<br/>car ins for 2 old cars is 200/mo. i have shopped around.no accidents since 1980.<br/>food used to be 600, so i tried this month to eat more healthy, nothing processed, here where so much of the produce grows.spent 1000.<br/>phone, includes cable, dsl, 2 cells.255.00<br/>gym 65<br/>home maintenance, 142<br/>gas just to go buy stuff, 257.<br/>stuff, clothes, books, rugs,dishes, shoes, hats:191<br/>eating out 70<br/>pool man 70<br/>gardener 60.<br/>i went to college in 74, cost 500 at comm.coll. got a job as an RN, started at 10,000/yr<br/>now you can do the same for 3000, start at 40,000/yr<br/>my husband tried the look successful then become successful thing. really helped the people who sold him the look rich stuff I live in LA county, and i pay everything with a credit card, so i can get the rebates, so i know exactly what i spent for a 2 person family.
water and electric, dwp bill was 576 this month.includes trash and sewer, not optional.
car ins for 2 old cars is 200/mo. i have shopped around.no accidents since 1980.
food used to be 600, so i tried this month to eat more healthy, nothing processed, here where so much of the produce grows.spent 1000.
phone, includes cable, dsl, 2 cells.255.00
gym 65
home maintenance, 142
gas just to go buy stuff, 257.
stuff, clothes, books, rugs,dishes, shoes, hats:191
eating out 70
pool man 70
gardener 60.
i went to college in 74, cost 500 at comm.coll. got a job as an RN, started at 10,000/yr
now you can do the same for 3000, start at 40,000/yr
my husband tried the look successful then become successful thing. really helped the people who sold him the look rich stuff

]]> By: Martin http://www.doctorhousingbubble.com/the-invisible-mortgage-hand-analysis-of-a-society-that-forces-you-into-debt/#comment-2089 Martin Sat, 15 Sep 2007 02:05:00 +0000 http://www.doctorhousingbubble.com/2007/09/11/the-invisible-mortgage-hand-analysis-of-a-society-that-forces-you-into-debt/#comment-2089 Capitalism fuels greed. Free yourself materialism, simplify your life and you will be amazed at how quickly cash starts to pile up. Debt is a trap to reverse the order of making the money work for you. Capitalism fuels greed. Free yourself materialism, simplify your life and you will be amazed at how quickly cash starts to pile up. Debt is a trap to reverse the order of making the money work for you.

]]> By: Martin http://www.doctorhousingbubble.com/the-invisible-mortgage-hand-analysis-of-a-society-that-forces-you-into-debt/#comment-2088 Martin Sat, 15 Sep 2007 02:00:00 +0000 http://www.doctorhousingbubble.com/2007/09/11/the-invisible-mortgage-hand-analysis-of-a-society-that-forces-you-into-debt/#comment-2088 If you want to get out of debt, stop spending money on flash cars, trends, fashions, junk, passing entertainment, gadgets and bling, bling, bling. Come on, how many old computers, cell phones and iPods does the average person own now? Take a lesson from Europe (or even Canada) and focus on quality of life and enriching yourself from within. Work to live, don't live to work. If you want to get out of debt, stop spending money on flash cars, trends, fashions, junk, passing entertainment, gadgets and bling, bling, bling. Come on, how many old computers, cell phones and iPods does the average person own now? Take a lesson from Europe (or even Canada) and focus on quality of life and enriching yourself from within. Work to live, don’t live to work.

]]> By: AnnS http://www.doctorhousingbubble.com/the-invisible-mortgage-hand-analysis-of-a-society-that-forces-you-into-debt/#comment-2080 AnnS Fri, 14 Sep 2007 03:27:00 +0000 http://www.doctorhousingbubble.com/2007/09/11/the-invisible-mortgage-hand-analysis-of-a-society-that-forces-you-into-debt/#comment-2080 “Plenty of cars make 30 and more MPG freeway. 15 MPG is quite rare.”<br/><br/>You MUST be in Europe.<br/><br/>I spent months trying to find a small station wagon that really did get over 30mpg – and I mean in town as well as the highway. Great – had 2 choices: the VW with a diesel or an Escort wagon. <br/><br/>If you think “15mpg” is rare, you are somehow oblivious to the number of pickups, mini-vans and SUVs on the road. Typically large pickup is 13 city/18 hwy, mini-vans are in that mid-teens group and the average SUVs are pulling off a miracle if they manage 20mpg on the highway (and city is always less.)<br/><br/>My 1 ton pickup (safely tucked up and only used for the job for which it is intended) gets a fabulous 10/12mpg. And there are a LOT of ¾ ton and 1 tons on the highway – about 20 times the number of Prius.<br/><br/>“According to NCHC web site, in 2006, vorkers contributed an average of $3,000 a year for their family health insurance plans.”<br/><br/>Employer sponsored plans only take care of around 58% of the population. The odds of an employer with less than 50 employees offering health insurance is about 1 in 4. The other 42% of the population have to go out and buy it.<br/><br/>(1) That ‘average’ $3000 in premiums does NOT include deductibles, copays and non-covered items. The healthcare expenditures for a typical family household are close to $2500 a year on top of premiums. Many employers are going to high deductible plans which means that deductible will be hitting $5000 –7500 for a family. It is called ‘cost shifting.’<br/><br/>(2) The 42% who have to go out and find their own coverage are faced with premiums that are typically 10-20% higher than a group plan. (Assuming they can get such coverage and aren’t rejected for ‘pre-existing’ conditions.) Also, such plans routinely excluded preventive care and prescriptions and usually have deductibles that are at least $2500 for an individual and $5000 for a household. <br/><br/>The number quote by the blog author is the low end of what someone will pay for a non-group plan for a family. It does come pretty close to what a household with a group employer plan might have to pay in premiums, deductibles and copays if they actually needed healthcare. “Plenty of cars make 30 and more MPG freeway. 15 MPG is quite rare.”

You MUST be in Europe.

I spent months trying to find a small station wagon that really did get over 30mpg – and I mean in town as well as the highway. Great – had 2 choices: the VW with a diesel or an Escort wagon.

If you think “15mpg” is rare, you are somehow oblivious to the number of pickups, mini-vans and SUVs on the road. Typically large pickup is 13 city/18 hwy, mini-vans are in that mid-teens group and the average SUVs are pulling off a miracle if they manage 20mpg on the highway (and city is always less.)

My 1 ton pickup (safely tucked up and only used for the job for which it is intended) gets a fabulous 10/12mpg. And there are a LOT of ¾ ton and 1 tons on the highway – about 20 times the number of Prius.

“According to NCHC web site, in 2006, vorkers contributed an average of $3,000 a year for their family health insurance plans.”

Employer sponsored plans only take care of around 58% of the population. The odds of an employer with less than 50 employees offering health insurance is about 1 in 4. The other 42% of the population have to go out and buy it.

(1) That ‘average’ $3000 in premiums does NOT include deductibles, copays and non-covered items. The healthcare expenditures for a typical family household are close to $2500 a year on top of premiums. Many employers are going to high deductible plans which means that deductible will be hitting $5000 –7500 for a family. It is called ‘cost shifting.’

(2) The 42% who have to go out and find their own coverage are faced with premiums that are typically 10-20% higher than a group plan. (Assuming they can get such coverage and aren’t rejected for ‘pre-existing’ conditions.) Also, such plans routinely excluded preventive care and prescriptions and usually have deductibles that are at least $2500 for an individual and $5000 for a household.

The number quote by the blog author is the low end of what someone will pay for a non-group plan for a family. It does come pretty close to what a household with a group employer plan might have to pay in premiums, deductibles and copays if they actually needed healthcare.

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