Two days to NaNoWriMo

[altivo]

Gotta get over this draggy feeling from the time change. It's like someone flicks a light switch now at 4:50 pm. By 5:00 it's night, dark, black outside. Ugh.

Interesting news item today on the radio. I've mentioned, I think, that we are seeing more and more notices of mortgage foreclosure in the local newspapers. Where you used to see one or two a month, there are now several pages of them every week. Well, the report today said that large numbers of people are getting into trouble over mortgages they took during the height of prosperity and declining interest that followed the Clinton administration and preceded 9/11/2001. Lenders were issuing so-called "jumbo" mortgages with little or no down payment. People took ARMs or interest-only loans on huge principal. These loans typically mature in five years and must be paid off in a lump or refinanced. The borrowers have not planned ahead for this, and have maxed their credit out to the limits and beyond. Now they can't get the loan needed to refinance, and they are losing their property as a result. Folks, if a financial deal sounds "too good to be true" that means it really is.

NaNoWriMo starts in two days. MFF is a little more than two weeks away. And then it will be Thanksgiving. Gaaa. Where did the year go?

Comments

[lobowolf.livejournal.com]

ARM mortgages bad!!!! I've heard stories of people who's payments have doubled. A fixed mortgage is the only way to go unless you know for sure you're going to sell before the ARM converts.

I would touch an adjustable rate mortgage with a ten-foot pole.

[lobowolf.livejournal.com]

Ack..I mean WOULDN'T!

D'Oh.

[altivo.livejournal.com]

I can think of any number of better uses for a ten foot pole. ;p

But I've never been inclined to borrow money if I could avoid it, and once borrowed I want to pay it back as fast as I can.

[calydor.livejournal.com]

The year?

it went

<--|

that way.

[altivo.livejournal.com]

Here in the US, I think it was more like this way:

\
 \
  \____
       \
        \
         |
         |
         V

And we haven't even had the stupid election yet, "stupid" being the operative word.

[calydor.livejournal.com]

Well, it's all a matter of how you look at it. I'm pointing backwards, you're pointing downwards. All in all, not a good sign.

[altivo.livejournal.com]

Oh, there are some bright spots. After all... Um... Remind me what they were? ;p

Well, you got two new horses and moved to a better place. How's that?

[nicodemusrat.livejournal.com]

Good luck on your novel! Is your login 'altivo' on the NaNo site?

[altivo.livejournal.com]

Yep.

I'll also post the work chapter by chapter at Furrag as I did last year until I bailed. I should finish last year's too, sometime.