Script writing for academic videos
UNDERWATER
What's Down Here, Anyway?Grab your snorkels; we're heading under. If you've read anything about the housing crisis, you've probably seen the term "underwater" kicking around. It may have you humming the words to "Yellow Submarine," but it has nothing to do with diving or swimming…or really anything remotely relaxing. Underwater is a nice term The Suits have come up with to describe "stepping in it." It basically means that the market value of your house is worth less than what you owe on your mortgage. Let's say you bought a $500,000 house with a $450,000 mortgage at a 6% interest rate. That means that you're paying about $27,000 each year for your mortgage. Of course, your mortgage payments are deductible on your income taxes; the government wants people to buy homes, so it gives them a bit of a break on mortgages. Continue to full script: http://www.shmoop.com/finance/mortgage/underwater.html |
REAL ESTATE INVESTMENT
Owning property can be a real money pit that ends up costing more in taxes, mortgage, insurance, and gray hairs than you'd ever like to think about. But, with that warning in mind, there are ways you can make money with real estate. Check 'em out. (1) Own and then sell Owning and then selling is what most people think of when they consider real estate investing, and it works like this: Back in 1950, Ma and Pa Shtetl bought their house in Reseda, California. They paid $40,000 (by paying $5,000 in down payments and getting a home loan) and lived in the house for 50 years. Thanks to the magic powers of inflation and the fact that land in California grew in value, their house grew in value about 8% a year. Continue to full script: http://www.shmoop.com/finance/mortgage/real-estate-investment.html |