We took a mortgage of our place in the villages. Reason is well several reasons. First the APY was 3.7%-I am getting far more than that on my investments. Perhaps, more important, I expect our government to trash our dollar. To be honest I am still surprised that it did not happen under Obama. Frankly, I am amazed that the fed got away with stuff like quantitative easing-PRINTING MONEY. If, they do trash the American dollar, I will loose a lot but, I will be able throw those government created trash dollars at my mortgage balance.

The mortgage on our previous home was two pages. The mortgage on this place was at least 12. I was a bit surprised for proof that i am who I say I am they would not allow picture ID as they cannot show your race. While, I have more than enough in stock dividends to pay my mortgage the bank insisted on a letter from my brokerage account that they would send me a check out of my investments thus increasing my shown income to qualify for the mortgage. This is the new normal. Fidelity has a form letter for this. It is truly meaningless because you can AND I DID cancel this the day after you get mortgage approval. My brother in law has a 30 year mortgage and will be over 100 by the time he pays a 30 year mortgage.

THE NEW INSANITY