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Casual Articles - Siberian Mortgage
How many of you have a corporate web site? Everybody says “Yes”.How many of you know its proper URL? OK, most of you.How many of you have read everything on the web site? Numbers are dropping like stones here. How many of you contributed information on the web site? Anybody there?When was the last time you looked at the sec
Oleg, ou
Turn on almost any television program you probably will hear at least one reference to the recent phenomena called the Law of Attraction. If you have read Napoleon Hill's Think and Grow Rich, you will know that the Law of Attraction is not really something new. However, it does beg to ask the question are you using this proven strateg
Now when I say the name Siberia, I’m sure that many ideas formulate in your mind. We were there in January and, yes, it was very cold. The temperature averaged about -35C. We were in a city of about a million. Yes, there are cities that big in Siberia -Novoskuznetsk to be precise. As one drives through any part of Russia, one of the prominent features of the landscape is the high rise “flats” in which most the population lives. You know what flats are right? These are the multi-storied buildings that resemble low income housing in America. I suspect that many were built in the 1960’s.
Our party had the distinct privilege of visiting a young Russian family in one of these flats. After the five course meal that was served - Russians are very gracious - I asked the young man of the home through our translator, “Do you own this flat or do you rent it?” Oleg our Russian friend said, “We own it.” I then asked Oleg, “Do you have a mortgage or do you own it outright?” Oleg explains to me that the company he works for bought it. The mortgage payment is drawn from his paycheck by his construction company. The government mandates that they cannot fire him and he cannot quit until the mortgage is paid. Now I thought this was indeed a unique arrangement. Unlike the way we do things here in the US, there was no bank involved.
This, in fact, agreed with a conversation I had with an American friend some time back. My friend worked with the United Nations World Bank. His job was to travel and teach Western banking practices in developing countries. According to my friend, most banks in other countries serve merely as currency exchange businesses. They do not lend money at all. They basically make a percentage of every currency exchange transaction that they make. Forget about checking accounts.
Oleg, our
If you are struggling to make debt payments and are working more than one job just to pay the bills, a low interest debt consolidation loan could free up more money for other things. The stress of working multiple jobs and still not having enough money to meet all your needs, is compounded by the stress of constantly facing bankruptcy because of cred
Our party had the distinct privilege of visiting a young Russian family in one of these flats. After the five course meal that was served - Russians are very gracious - I asked the young man of the home through our translator, “Do you own this flat or do you rent it?” Oleg our Russian friend said, “We own it.” I then asked Oleg, “Do you have a mortgage or do you own it outright?” Oleg explains to me that the company he works for bought it. The mortgage payment is drawn from his paycheck by his construction company. The government mandates that they cannot fire him and he cannot quit until the mortgage is paid. Now I thought this was indeed a unique arrangement. Unlike the way we do things here in the US, there was no bank involved.
This, in fact, agreed with a conversation I had with an American friend some time back. My friend worked with the United Nations World Bank. His job was to travel and teach Western banking practices in developing countries. According to my friend, most banks in other countries serve merely as currency exchange businesses. They do not lend money at all. They basically make a percentage of every currency exchange transaction that they make. Forget about checking accounts.
Oleg, ou
A motor car manufacturer, for instance, buys steel, rubber, aluminium, plastic, etc, that is used to manufacture motor vehicles that are sold to dealers (the trading concern). These dealers, in turn, sell vehicles to the customer.From an accounting point of view the activities of manufacturing and trading enterprises are very similar, especia
Our party had the distinct privilege of visiting a young Russian family in one of these flats. After the five course meal that was served - Russians are very gracious - I asked the young man of the home through our translator, “Do you own this flat or do you rent it?” Oleg our Russian friend said, “We own it.” I then asked Oleg, “Do you have a mortgage or do you own it outright?” Oleg explains to me that the company he works for bought it. The mortgage payment is drawn from his paycheck by his construction company. The government mandates that they cannot fire him and he cannot quit until the mortgage is paid. Now I thought this was indeed a unique arrangement. Unlike the way we do things here in the US, there was no bank involved.
This, in fact, agreed with a conversation I had with an American friend some time back. My friend worked with the United Nations World Bank. His job was to travel and teach Western banking practices in developing countries. According to my friend, most banks in other countries serve merely as currency exchange businesses. They do not lend money at all. They basically make a percentage of every currency exchange transaction that they make. Forget about checking accounts.
Oleg, ou
Previously, people who were not homeowners or who did not own any property were considered as unfortunates, as they could not even hope to materialize their dreams. No lender would be ready to to bear the risk factor posed by such type of borrowers.leg, “Do you have a mortgage or do you own it outright?” Oleg explains to me that the company he works for bought it. The mortgage payment is drawn from his paycheck by his construction company. The government mandates that they cannot fire him and he cannot quit until the mortgage is paid. Now I thought this was indeed a unique arrangement. Unlike the way we do things here in the US, there was no bank involved.
This, in fact, agreed with a conversation I had with an American friend some time back. My friend worked with the United Nations World Bank. His job was to travel and teach Western banking practices in developing countries. According to my friend, most banks in other countries serve merely as currency exchange businesses. They do not lend money at all. They basically make a percentage of every currency exchange transaction that they make. Forget about checking accounts.
Oleg, ou
If trying to climb in rankings gives you a huge search engine headache- then you're really not alone.Do the whims of search engines have you bugged and looking for solutions to getting traffic no matter how the engines are feeling any given day? I found myself in this boat when one of the biggest search engines decided that using hypens in you
Oleg, our new Russian friend, was one of the fortunate ones. He worked for a company large enough to purchase his flat and hold the mortgage on it. The question is, “What about everyone else?” How do you mange to own a home if you do not work for an employer large enough to hold the mortgage. Visiting other parts of the world can give you a serious reality check. This is certainly true in the world of banking and mortgages. Since my visit, I have tried to be more appreciative of how good we have it in the USA.
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