The Bottom Line
The daily Minyanville take on news, commentary and opinion from around the world:
"The California Housing Finance Agency says it plans to offer its own 40-year home loan this spring with a fixed, below-market interest rate," according to the Sacramento Bee. "Residents won't even need a down payment, though they will have to qualify as first-time buyers and meet CalHFA's income requirements and other criteria." The agency says its 40-year mortgage is for people who can't afford to buy a house with a 30-year loan and are averse to risky financing!
- Bottom Line: So, if I understand this correctly, what we have here is a new type of loan... for 40 full years... for people who can't afford to buy a house... and who are averse to risky financing. Oh wait, I see what the problem is. I read this first.
"Harvard government professor Harvey C. Mansfield delves into philosophy, literature and science to define manliness and to argue that it should have a place in an increasingly non-gender-specific society," writes Publisher's Weekly about the professor's new book, titled, aptly, "Manliness."
- Bottom Line: Where I come from, an Ivy League college professor talkin' 'bout philosophy and literature and what not, and writin' books called "Manliness"... well, let's just say that fella would have a pretty hard time convincin' some folks around them parts he fits into the "manliness" category, if ya know what I mean.
Some fans of new UK indie group Four Day Hombre have more reason than usual to hope their debut album is a hit - they have bought shares in the band, according to the BBC. "if the album does do well, the investors stand to get a share of the profits." Meanwhile, Mark Parrini, 35, says he is "absolutely not" worried about recouping his investment. ""How about in five years' time when they're the next Coldplay, that you miss out on that initial lift for them to get the ball rolling?" he says.
- Bottom Line: Pretend there is flashback imagery here suggesting we are going back in time to October 29, 1987...
In today's Asia Times, Coral Bell writes, "To my mind [in the future] there will be six great powers - the United States, the European Union, China, India, Russia and Japan, but also probably seven very substantial powers whose interests, ambitions and military capabilities will have to be taken into account by the great powers and the rest of the world: Indonesia, Pakistan, Brazil, Mexico, Nigeria, Iran and Turkey."
- Bottom Line: C'mon man, you listed like 15 or 20 great powers! What is this bunco? Stop hedging and pick one.
According to the Miami Herald, there's a new way to snag a roommate online: Have tenants meet a list of demands, including walking the dog, doing the laundry and having sex. "Such postings -- a type of bartering of homes for sex -- are not only worrisome because they target young women who may be desperate for affordable housing in South Florida's harsh real estate climate. They may also be illegal."
- Bottom Line: "Roommatin'" ain't easy.
Photo of a gentleman all caught up in the roommatin' game
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