Interest only mortgages

Coming from someone that’s leaving a job in the financial industry and seems to have a good understanding of how the markets work, he sure seems risk averse.

But, to offer my two cents: The banks are in the business to make money and they are going to try to make the most money possible in the shortest time, interest only products have got to make the balance sheet more attractive. Think about it: customers are choosing to delay payment even more on a huge debt (in this case $211,000), so the total interest paid is much bigger than a traditional mortgage, boosting profits for the bank.

I agree with the post 100%, if you can deal with the risk, take the plunge and flip the property for a profit before you have to pay any principal. But, my pessimistic ways would give me an ulcer if I knew we were going to have our mortgage payment double in 3 years. And, the bottom has to fall out someday, having what equity you gain tied up in the next property you buy when that happens is going to hurt.

Mozilla Firefox dropping .zip builds

Chase says Firefox is dropping the .zip builds. The comments on that post alone ought to be enough to get them to bring them back.
I’ve been using them since I discovered that the unattended/silent install didn’t work as advertised. They claimed to have fixed that bug, but I haven’t had time to look at it yet. I’ve gotten addicted to the easy plugin install method of just copying the contents of the previous plugins folder over to the new install and going on.
I’m handling this update using the low tech method mentioned in the forum thread: Install in new directory on one machine, copy directory to server, treat like a zip build.
That works for now.