MovieChat Forums > Derailed (2005) Discussion > The Schine's need better financial advic...

The Schine's need better financial advice...

posted 14 years ago by AustralienneLee
3 replies | jump to latest

They had a house with a mortgage. They wanted to buy a dialysis machine, so took out a second mortgage on the house. Meanwhile, they had savings of $100 000, more savings of $21 000, the larger amount being earmarked for if and when a drug was available that may or may not help their daughter with her diabetes.

So silly !!!

They should have used the $100 000 to pay out the second mortgage, or to have purchased the dialysis machine. Either way, it would have lowered their monthly repayments on the house and they would have had the equity still available if and when the drug became available, as well as adding to their savings, or further lowering their mortgage by paying extra. The $21 000 could have remained as their emergency fund, in case of unemployment, blackmailing thieves, recession etc.

And I agree with the blackmailing thief...always put the safety chain on your hotel room door whenever you have a sleazy affair. Imagine the film...ending when he couldn't get into the room due to that pesky safety chain...

I'm a Lieutenant Detective in, uh, Homicide. That's a fancy name for murder.

[–] NeitherHearNorTheir 14 years ago

The $21 000 could have remained as their emergency fund, in case of unemployment, blackmailing thieves, recession etc.

I know I, personally, have set aside an emergency blackmailing fund, as well as an emergency zombie attack kit, as recommended by the CDC http://www.zdnet.com/blog/violetblue/cdc-launches-zombie-apocalypse-su rvival-guide-supplementary-tech-tips/382.

Bring it.

[–] sim7396 13 years ago

They should have used the $100 000 to pay out the second mortgage, or to have purchased the dialysis machine. Either way, it would have lowered their monthly repayments on the house and they would have had the equity still available if and when the drug became available, as well as adding to their savings, or further lowering their mortgage by paying extra.

Well, with interest rates being as low as they are now... this option is not so clear cut. Moreover, all that "quantitative easing" (meaning, money printing) in recent years will most likely result in higher inflation in the near future. You know what happens to debts in inflationary periods: they get diluted!

And I agree with the blackmailing thief...always put the safety chain on your hotel room door whenever you have a sleazy affair. Imagine the film...ending when he couldn't get into the room due to that pesky safety chain...

True, it could have been a 10-minute movie. Failing that, the movie would have ended with Charlie Schine going to the police the minute Frenchie tried to blackmail him for the first twenty Gs (even a child would know that if you ever pay, the bad guy will come back for more).

What an idiotic plot!!

[–] jewelparsons1234 13 years ago

And I agree with the blackmailing thief...always put the safety chain on your hotel room door whenever you have a sleazy affair. Imagine the film...ending when he couldn't get into the room due to that pesky safety chain...

Are safety chains that secure? I don't know since I've never had one. But assuming he got the door open would it really be that difficult for LaRoche to kick the door down?

Anyone know how much metric pressure those things can withstand?