[quote=FlyerInHi][quote=AN]
LoL, I did just what you suggested and I lost big. So you lost your credibility right there. If you think it’s too good to be true, you really don’t know what you are saying.
Also, nice try dodging the request to show data.[/quote]
You lost because rates went down. So your buy down fees were “thrown away”.
But decision making is based on what you know in the present and expect the future to be. That’s how you evaluate alternatives.
Your decision at the time was sound, but your assumptions were wrong.
1/2 the population believes that we will have a debt crisis because of deficit, entitlements, etc…. If you believe that will happen, you should buy down the rates. If not, you don’t have the force of your convictions.[/quote]that’s exactly my point. Regardless of what you choose, you’re making a gamble. Even if I didn’t buy down rate but just pay closing cost, I would still have lost.
