Text 30850, 79 rader
Skriven 2012-11-05 22:32:00 av MICHAEL LOO (1:123/140)
     Kommentar till en text av JIM WELLER
Ärende: mortgaged 516
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 JW> How different things are here. 65% of Canadian households own homes.

Pretty much the same here.

 JW> 43% of them mortgage free. As well everyone starts off with at least

I can't find the percentage of free-and-clear residences,
but the total value of residential real estate is about $20T,
and the total amount of mortgage debt is between 12 and 14T.
Not counting multiple mortgages (I never saw the sense in
this), which shouldn't be all that prevalent, this would
mean that even if the mortgaged properties were mortgaged
to the hilt, 60+ percent of homes nationwide are encumbered.
Assuming that mortgages are on average half paid off, it
would seem that most homes are under some thrall to the bank.

Part of this is the notion, much cultivated by the banking
community, that you are not putting your money to work if
you have it locked it up in the equity of your house. Hey,
guys, here's a clue - if the banks thought they could do
better with their money than by lending it to you, do you
think they'd be giving you a mortgage in the first place?

 JW> 5% cash down and the maximum mortgage amortization is 25 years. And

Typical here is 30 years.

 JW> there is very, very little sub-prime lending.

Subprime is idiocy, always was. It's the lenders betting
that the actuaries, who are not dolts, are wrong. There is,
has never, and never shall be, anything fiscally sensible
about subprime lending. It might be a worthwhile social
welfare mechanism, but only if there is a humongous insurance
cushion, and only if there is no room for shenanigans on the
part of lenders' agents. I can see government-backed loans,
FHA or VA situations, being tools of social justice, but
private enterprise trying to make a profit on subprime
lending is pure lunacy.

Frosty Lemon Chiffon Pie
cat: television, fake, celebrity, dessert
servings: 6

1 c cold whole milk
1.3 oz envelope dry whipped topping mix
14 oz (1 1/4 jars) lemon curd
3.4 oz box lemon instant pudding and pie filling mix
1 (6-oz) premade shortbread piecrust
1 c frozen whipped topping, slightly thawed
h - Sugared Lemon Slices, optional
Sugared Lemon Slices
1 lemon
2 egg whites, beaten
1/2 c sugar

In a stand mixer or with a hand mixer, beat 1/2 c
milk and dry whipped topping mix in a large bowl
for 4 min, or until light and fluffy. Set aside.
In another large bowl, beat 1 jar of lemon curd,
lemon pudding mix, and remaining 1/2 c milk for
2 min, or until smooth and beginning to thicken.
Fold whipped topping mixture into lemon pudding
mixture. Spoon into pie crust. Spread slightly
thawed whipped topping over lemon mixture. Swirl
remaining lemon curd through whipped topping.
Freeze 30 min before serving. Decorate pie with
sugared lemon slices, if desired.

For sugared lemon slices. Cut a clean, dry lemon
into very thin slices. Using a pastry brush, evenly
coat both sides of each slice with egg whites.
Sprinkle with sugar and let dry on a wire rack.

Source: Sandra Lee, Semi-Homemade

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