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randy.
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January 23, 2008 at 11:31 PM #142099January 23, 2008 at 11:37 PM #141780
drunkle
Participantarms at 5% have got to be the best deal going right now… bernanke pretty much said he’d continue cutting rates… even if he stops at some point, there’s no way he’d raise rates again for awhile. if a new fed gets appointed with the new president, he’d be commiting political suicide if the new fed raised rates before the end of his term…
January 23, 2008 at 11:37 PM #142008Participantarms at 5% have got to be the best deal going right now… bernanke pretty much said he’d continue cutting rates… even if he stops at some point, there’s no way he’d raise rates again for awhile. if a new fed gets appointed with the new president, he’d be commiting political suicide if the new fed raised rates before the end of his term…
January 23, 2008 at 11:37 PM #142022Participantarms at 5% have got to be the best deal going right now… bernanke pretty much said he’d continue cutting rates… even if he stops at some point, there’s no way he’d raise rates again for awhile. if a new fed gets appointed with the new president, he’d be commiting political suicide if the new fed raised rates before the end of his term…
January 23, 2008 at 11:37 PM #142048Participantarms at 5% have got to be the best deal going right now… bernanke pretty much said he’d continue cutting rates… even if he stops at some point, there’s no way he’d raise rates again for awhile. if a new fed gets appointed with the new president, he’d be commiting political suicide if the new fed raised rates before the end of his term…
January 23, 2008 at 11:37 PM #142109Participantarms at 5% have got to be the best deal going right now… bernanke pretty much said he’d continue cutting rates… even if he stops at some point, there’s no way he’d raise rates again for awhile. if a new fed gets appointed with the new president, he’d be commiting political suicide if the new fed raised rates before the end of his term…
January 23, 2008 at 11:44 PM #141795Eugene
Participantesmith, when you quotoed the jumbo fixed 30-year mortgage @ 5.125% , who will pay you the points???
If I’m buying a house for 670k, I’m sure I can afford to pay 12k for 2 points.
January 23, 2008 at 11:44 PM #142023Participantesmith, when you quotoed the jumbo fixed 30-year mortgage @ 5.125% , who will pay you the points???
If I’m buying a house for 670k, I’m sure I can afford to pay 12k for 2 points.
January 23, 2008 at 11:44 PM #142037Participantesmith, when you quotoed the jumbo fixed 30-year mortgage @ 5.125% , who will pay you the points???
If I’m buying a house for 670k, I’m sure I can afford to pay 12k for 2 points.
January 23, 2008 at 11:44 PM #142063Participantesmith, when you quotoed the jumbo fixed 30-year mortgage @ 5.125% , who will pay you the points???
If I’m buying a house for 670k, I’m sure I can afford to pay 12k for 2 points.
January 23, 2008 at 11:44 PM #142124Participantesmith, when you quotoed the jumbo fixed 30-year mortgage @ 5.125% , who will pay you the points???
If I’m buying a house for 670k, I’m sure I can afford to pay 12k for 2 points.
January 23, 2008 at 11:48 PM #141791Anonymous
GuestSubmitted by asianautica on January 24, 2008 – 12:27am.
Where did I even mentioned about being able to afford x payment? Please read Rich’s primer and come back here once you understand his point about fundamental and why we called this a bubble. I’m talking about fundamental, not being able to afford x payment. Can you be 100% sure rate won’t go up if price drop to 00-01 price? I can’t, that’s why I stick to fundamental. Wishful thinking on the way down is no different than wishful thinking on the way up. Enjoy your wishful thinking, I’ll stick to my fundamental, thanks. We can very well see 1985 price too if rates goes high enough.
asianautica, I neglected to post that you weren’t making the “payment” argument per se. Your argument was that if owning would cost you the same as rent, then why not buy? Well, my argument to that was if you buy today when prices are steadily dropping rather than waiting a year (or more) you’re gonna lose money. Period.
And I believe I did base my argument on comparable interest rates. Again, even then, with a lower price house you save on property taxes.
Reread my post.
January 23, 2008 at 11:48 PM #142018GuestSubmitted by asianautica on January 24, 2008 – 12:27am.
Where did I even mentioned about being able to afford x payment? Please read Rich’s primer and come back here once you understand his point about fundamental and why we called this a bubble. I’m talking about fundamental, not being able to afford x payment. Can you be 100% sure rate won’t go up if price drop to 00-01 price? I can’t, that’s why I stick to fundamental. Wishful thinking on the way down is no different than wishful thinking on the way up. Enjoy your wishful thinking, I’ll stick to my fundamental, thanks. We can very well see 1985 price too if rates goes high enough.
asianautica, I neglected to post that you weren’t making the “payment” argument per se. Your argument was that if owning would cost you the same as rent, then why not buy? Well, my argument to that was if you buy today when prices are steadily dropping rather than waiting a year (or more) you’re gonna lose money. Period.
And I believe I did base my argument on comparable interest rates. Again, even then, with a lower price house you save on property taxes.
Reread my post.
January 23, 2008 at 11:48 PM #142032GuestSubmitted by asianautica on January 24, 2008 – 12:27am.
Where did I even mentioned about being able to afford x payment? Please read Rich’s primer and come back here once you understand his point about fundamental and why we called this a bubble. I’m talking about fundamental, not being able to afford x payment. Can you be 100% sure rate won’t go up if price drop to 00-01 price? I can’t, that’s why I stick to fundamental. Wishful thinking on the way down is no different than wishful thinking on the way up. Enjoy your wishful thinking, I’ll stick to my fundamental, thanks. We can very well see 1985 price too if rates goes high enough.
asianautica, I neglected to post that you weren’t making the “payment” argument per se. Your argument was that if owning would cost you the same as rent, then why not buy? Well, my argument to that was if you buy today when prices are steadily dropping rather than waiting a year (or more) you’re gonna lose money. Period.
And I believe I did base my argument on comparable interest rates. Again, even then, with a lower price house you save on property taxes.
Reread my post.
January 23, 2008 at 11:48 PM #142058GuestSubmitted by asianautica on January 24, 2008 – 12:27am.
Where did I even mentioned about being able to afford x payment? Please read Rich’s primer and come back here once you understand his point about fundamental and why we called this a bubble. I’m talking about fundamental, not being able to afford x payment. Can you be 100% sure rate won’t go up if price drop to 00-01 price? I can’t, that’s why I stick to fundamental. Wishful thinking on the way down is no different than wishful thinking on the way up. Enjoy your wishful thinking, I’ll stick to my fundamental, thanks. We can very well see 1985 price too if rates goes high enough.
asianautica, I neglected to post that you weren’t making the “payment” argument per se. Your argument was that if owning would cost you the same as rent, then why not buy? Well, my argument to that was if you buy today when prices are steadily dropping rather than waiting a year (or more) you’re gonna lose money. Period.
And I believe I did base my argument on comparable interest rates. Again, even then, with a lower price house you save on property taxes.
Reread my post.
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