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| The Finance Forum :: Ask us a Question! |
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Finance :: Need help with getting out of credit card debt? Want to determine whether you can afford a new home? Got a question about a new mutual fund? Here is the place to discuss finances, both personal and professional. Ask us a Question!
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| How do you find a reputable source of foreclosures to buy? |
Posted by kickycan on May, 13. :: 14 Comments
I see about a million websites that promise you super deals on foreclosures, but who the hell knows which ones are reputable and which are bullshit? Does anyone know how one goes about seriously looking for foreclosures? Is online even worth a try? Is it better to go to a realtor? What does one do when one is looking for a deal on a foreclosure, but doesn't want to get ripped off?
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| How often do you make a purchase? |
Posted by littlek on May, 10. :: 17 Comments
I'm talking about a cup of coffee and a tank of gas as well as a new TV or computer. Big and small, how often do you buy something?
I used to buy something at least once per day. Usually it was something small like a cup of coffee or a bottled water. I am know learning to readjust my pay-out-mentality. I simple do not have any money some times between pay checks and can't buy things.
In urban settings I'd think that people buy more than once per day, in general. But, elsewhere, where stores are farther away, I'd guess people buy in bulk and may be buying more towards the once or less per week end of the spectrum.
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| Yahoo (YHOO) dives on Monday |
Posted by Robert Gentel on May, 05. :: 3 Comments
On the off chance that a Yahoo shareholder here doesn't yet know, Yahoo stock is going to drop like a rock on Monday. The Microsoft deal fell through (at least for the foreseeable future) over the weekend and the stock is going to fall (by up to 25% by my estimate) on Monday.
I don't have a dog in this fight, so anyone else want to make a prediction on how much it falls? Mine is 20-25% by the end of the day.
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| What should you do when your house purchase seems to break d |
Posted by mistakenidentity on April, 29. :: 6 Comments
I’m in the final stage of purchasing a house. The housing survey, mortgage, legal adviser – everything has been done. Now the stumbling block is the negotiation on the roofing service.
According to the survey, the roof is in bad condition. The vendor also agreed on this point, and asked me to give him two quotes, which I did.
Based on the quotes, I asked, via the estate agent, for the initial purchase price to be reduced. After thinking for one day, the agent got back to me, saying that my quote was too high for the work. He even claimed that because the bank decided to lend me the money required, the house is obviously worth the asking price.
I persisted, asking him to put forward my revised offer. The agent then rudely said, “I’ll tell the vendor that you pull out.” I felt very angry by this distortion, and asked him again to let the vendor know of my revised offer.
Predictably enough, the agent called back, saying the vendor declined.
What do you think I should do next? Is my solicitor responsible for this kind of negotiation? (So far, all my solicitor did was contract drafting, local search, etc.
P.S: In a hopeful sign, the agent told me the vendor would look for another roofing quote. So apparently they would still like to sell me the house, abeit at a price closer to the initial offer. However, this estate agent seems greedy, so he may want to push the vendor to keep their price without considering the amount of work required.
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| What does leverage mean? |
Posted by fansy on April, 23. :: 1 Comment
| Quote: |
| US energy policy (or the lack thereof) is one driving force behind the end of unipolarity. Since the first oil shocks of the 1970s, US oil consumption has grown by some 20 per cent and, more important, US imports of petroleum products have more than doubled in volume and nearly doubled as a percentage of consumption. This growth in demand for foreign oil has helped drive up the world price from just over $20 a barrel to more than $100 a barrel. The result is an enormous transfer of wealth and leverage to those states with energy reserves. |
What does "leverage" mean in this context?
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