The concept

The idea is an engineer's musings on the world. Gadgets, The economy, Saving Money, Saving Energy Etc.

Probably a lot of stuff on gadgets like. Did you know that if you have an ATT cell phone that you can go buy an ATT GoPhone for really cheap and by switching out the SIM card have a new phone? Pretty cool if your phone just fell in the toilet.

Probably a lot of stuff on the economy. Such as my solution for the Housing Crisis. For, folks with underwater loans the Government forces the following:

The lender gives the homeowner a new loan for 80% of the current value of the house at the going rate say 5%.

The government gives the bank a check for the difference between the old large loan and the new smaller loan. The amount the loan is underwater.

The government then puts a lean on the house of that value (a 0% loan). The lean is paid back with a Federal Property Tax of 2% of appraised value annually. The money goes to pay off the lean.

If the homeowner sells, the government gets any amount more than 80% to pay down the lean. Whatever is left on the lean is transferred to the new owner who continues to pay 2% annually until the Federal Lean is paid off.

Jim Cramer has a similar idea, but government and bank are reversed.

Testing 1 2 3

Test post