Is this correct? – Piggington's Econo-Almanac

This topic has 30 replies, 4 voices, and was last updated 16 years, 2 months ago by peterb.

Viewing 15 posts - 1 through 15 (of 31 total)

1 2 3 →

Author

Posts
September 18, 2008 at 8:54 AM #13870

waitingpatiently
Participant

Is this train of thought correct:

If you have cash parked in cd’s that will be used exclusively for purchasing a house then it doesn’t matter what the “dollar” does against foreign currency because the price of the house is in dollars. I ask this because we have our cash in cd’s and I am worried about it getting demolished.

Thanks,
WP

September 18, 2008 at 9:04 AM #271995

peterb
Participant

About the only currency looking any stronger is the Yen. And maybe gold if you consider it a type of money. CD under FDIC limits? You’re probably in a good place as that money may come in more handy for living than buying a house that’s going down in value.

September 18, 2008 at 9:04 AM #272306

peterb
Participant

About the only currency looking any stronger is the Yen. And maybe gold if you consider it a type of money. CD under FDIC limits? You’re probably in a good place as that money may come in more handy for living than buying a house that’s going down in value.

September 18, 2008 at 9:04 AM #272283

peterb
Participant

About the only currency looking any stronger is the Yen. And maybe gold if you consider it a type of money. CD under FDIC limits? You’re probably in a good place as that money may come in more handy for living than buying a house that’s going down in value.

September 18, 2008 at 9:04 AM #272242

peterb
Participant

About the only currency looking any stronger is the Yen. And maybe gold if you consider it a type of money. CD under FDIC limits? You’re probably in a good place as that money may come in more handy for living than buying a house that’s going down in value.

September 18, 2008 at 9:04 AM #272234

peterb
Participant

About the only currency looking any stronger is the Yen. And maybe gold if you consider it a type of money. CD under FDIC limits? You’re probably in a good place as that money may come in more handy for living than buying a house that’s going down in value.

September 18, 2008 at 9:18 AM #272245

waitingpatiently
Participant

It’s all FDIC insured. I am just making sure that my train of thought is correct. After this week we won’t be buying a house for awhile unless I can buy it for cash.

For all those who cheered that La Costa Valley, Sante Fe trails, La Costa Oaks, would never get below $600k…we have only just begun. Of course people have the cash and means to buy them at higher prices but why in the world would they.

WP

September 18, 2008 at 9:18 AM #272252

waitingpatiently
Participant

It’s all FDIC insured. I am just making sure that my train of thought is correct. After this week we won’t be buying a house for awhile unless I can buy it for cash.

For all those who cheered that La Costa Valley, Sante Fe trails, La Costa Oaks, would never get below $600k…we have only just begun. Of course people have the cash and means to buy them at higher prices but why in the world would they.

WP

September 18, 2008 at 9:18 AM #272005

waitingpatiently
Participant

It’s all FDIC insured. I am just making sure that my train of thought is correct. After this week we won’t be buying a house for awhile unless I can buy it for cash.

For all those who cheered that La Costa Valley, Sante Fe trails, La Costa Oaks, would never get below $600k…we have only just begun. Of course people have the cash and means to buy them at higher prices but why in the world would they.

WP

September 18, 2008 at 9:18 AM #272316

waitingpatiently
Participant

It’s all FDIC insured. I am just making sure that my train of thought is correct. After this week we won’t be buying a house for awhile unless I can buy it for cash.

For all those who cheered that La Costa Valley, Sante Fe trails, La Costa Oaks, would never get below $600k…we have only just begun. Of course people have the cash and means to buy them at higher prices but why in the world would they.

WP

September 18, 2008 at 9:18 AM #272293

waitingpatiently
Participant

It’s all FDIC insured. I am just making sure that my train of thought is correct. After this week we won’t be buying a house for awhile unless I can buy it for cash.

For all those who cheered that La Costa Valley, Sante Fe trails, La Costa Oaks, would never get below $600k…we have only just begun. Of course people have the cash and means to buy them at higher prices but why in the world would they.

WP

September 18, 2008 at 9:40 AM #272307

Raybyrnes
Participant

Those with cash may buy becasue they risk having someone else with cash buy before them.

Someone who is not paying all cash but has 20 % down may look to buy now becaue in 2 years the required down payments might be 40% and therefore he might be locked out if he has not save the 40% or does not have acccess to the 40%.

Just a hypotheitical but that would be the rationale.

waitingpatiently
Do you think that you are going to be able to time the exact bottom? You are going to buy at some point and more than likely someone is going to ask the same question about you. Or they might ask why didn’t you buy if things shot up before you made a move. It’s easy for people to judge the past. Harder to see the future.

September 18, 2008 at 9:40 AM #272259

Raybyrnes
Participant

Those with cash may buy becasue they risk having someone else with cash buy before them.

Someone who is not paying all cash but has 20 % down may look to buy now becaue in 2 years the required down payments might be 40% and therefore he might be locked out if he has not save the 40% or does not have acccess to the 40%.

Just a hypotheitical but that would be the rationale.

waitingpatiently
Do you think that you are going to be able to time the exact bottom? You are going to buy at some point and more than likely someone is going to ask the same question about you. Or they might ask why didn’t you buy if things shot up before you made a move. It’s easy for people to judge the past. Harder to see the future.

September 18, 2008 at 9:40 AM #272267

Raybyrnes
Participant

Those with cash may buy becasue they risk having someone else with cash buy before them.

Someone who is not paying all cash but has 20 % down may look to buy now becaue in 2 years the required down payments might be 40% and therefore he might be locked out if he has not save the 40% or does not have acccess to the 40%.

Just a hypotheitical but that would be the rationale.

waitingpatiently
Do you think that you are going to be able to time the exact bottom? You are going to buy at some point and more than likely someone is going to ask the same question about you. Or they might ask why didn’t you buy if things shot up before you made a move. It’s easy for people to judge the past. Harder to see the future.

September 18, 2008 at 9:40 AM #272020

Raybyrnes
Participant

Those with cash may buy becasue they risk having someone else with cash buy before them.

Someone who is not paying all cash but has 20 % down may look to buy now becaue in 2 years the required down payments might be 40% and therefore he might be locked out if he has not save the 40% or does not have acccess to the 40%.

Just a hypotheitical but that would be the rationale.

waitingpatiently
Do you think that you are going to be able to time the exact bottom? You are going to buy at some point and more than likely someone is going to ask the same question about you. Or they might ask why didn’t you buy if things shot up before you made a move. It’s easy for people to judge the past. Harder to see the future.
Author

Posts

Viewing 15 posts - 1 through 15 (of 31 total)

1 2 3 →

You must be logged in to reply to this topic.