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Single story home in a fantastic Valencia neighborhood offers laminate wood floors thru-out and Living room with cozy fireplace! Fabulous opportunity to make this house everything you have imagined! Needs kitchen cabinets, counter tops, appliances, bathroom vanities, fixtures thru-out, and small finishing touches! ! Nice backyard with covered patio and grassy area!
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Fantastic corner lot location! This 4 bedroom home offers a large front yard, w/room for a small RV or boat! Spacious living room entry with a cozy fireplace and french doors that lead to the park-like backyard! Tiled kitchen offers lots of counter space! Custom paint in bedrooms! Master has dual mirrored closets! Remodeled bathroom w/dual sinks and granite countertops! Large covered patio plus still lots of grassy area!
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WHO CREATES THE MONEY TO PAY THE INTEREST?
One of the most perplexing questions associated with this process is "Where does the money come from to pay the interest?" If you borrow $10,000 from a bank at 9%, you owe $10,900. But the bank only manufactures $10,000 for the loan. It would seem, therefore, that there is no way that you -- and all others with similar loans -- can possibly pay off your indebtedness. The amount of money put into circulation just isn't enough to cover the total debt, including interest. This has led some to the conclusion that it is necessary for you to borrow the $900 for interest, and that, in turn, leads to still more interest. The assumption is that, the more we borrow, the more we have to borrow, and that debt based on fiat money is a never ending spiral leading inexorably to more and more debt.
This is a partial truth. It is true that there is not enough money created to include the interest, but it is a fallacy that the only way to pay it back is to borrow still more. The assumption fails to take into account the exchange value of labor. Let us assume that you pay back your $10,000 loan at the rate of approximately $900 per month and that about $80 of that represents interest. You realize you are hard pressed to make your payments so you decide to take on a part-time job.
The bank, on the other hand, is now making $80 profit each month on your loan. Since this amount is classified as "interest," it is not extinguished as is the larger...
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A little get away cabin close to Birch Bay State Park. New carpet, countertops in the kitchen & a tub surround have just been added. The lot is 7500 sq ft with a small shop and room for RV parking. A new anaerobic septic has just put in - environmentally friendly system. Bring your fun ideas to this little cabin and enjoy a place close to the park and beach.
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http://ocw.mit.edu -enough to get it is antidemocratic. "This is an especially important concept for rural areas," Rankin continues. "In my case, the nearest library is about 30 miles away. Its a very small, rural library. I would probably have to wait several weeks to get any kind of book on an unusual topic... If I were even able to figure out which books to get. So I think that this is just a phenomenal concept, and I hope that all the universities do this. I think its really important to human evolution." 30 MIT FACULTY, STUDENTS, AND ALUMNI 31 MIT FACULTY Finding a global audience Professor Charles Stewart III, MIT Department of Political Science Professor Charles Stewart III, head of the Department
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