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DoJC.
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January 28, 2008 at 5:14 PM #144521January 28, 2008 at 5:20 PM #144186
GunDoctor
Participantthis was perfect. I sat my wife down and had her watch this. She is not the most financially savy person I know, but has a good deal of common sence.
After watching the segment I poped up some charts from this site onPrices, rent to income.
the double wave of sub-prime and option arms and when they reset.Bottom line, this woman who is always on my case for buying said that we need / have to wait.
Bout time the main stream media helped my out.
thanks 60 min.
gunJanuary 28, 2008 at 5:20 PM #144426Participantthis was perfect. I sat my wife down and had her watch this. She is not the most financially savy person I know, but has a good deal of common sence.
After watching the segment I poped up some charts from this site onPrices, rent to income.
the double wave of sub-prime and option arms and when they reset.Bottom line, this woman who is always on my case for buying said that we need / have to wait.
Bout time the main stream media helped my out.
thanks 60 min.
gunJanuary 28, 2008 at 5:20 PM #144428Participantthis was perfect. I sat my wife down and had her watch this. She is not the most financially savy person I know, but has a good deal of common sence.
After watching the segment I poped up some charts from this site onPrices, rent to income.
the double wave of sub-prime and option arms and when they reset.Bottom line, this woman who is always on my case for buying said that we need / have to wait.
Bout time the main stream media helped my out.
thanks 60 min.
gunJanuary 28, 2008 at 5:20 PM #144455Participantthis was perfect. I sat my wife down and had her watch this. She is not the most financially savy person I know, but has a good deal of common sence.
After watching the segment I poped up some charts from this site onPrices, rent to income.
the double wave of sub-prime and option arms and when they reset.Bottom line, this woman who is always on my case for buying said that we need / have to wait.
Bout time the main stream media helped my out.
thanks 60 min.
gunJanuary 28, 2008 at 5:20 PM #144526Participantthis was perfect. I sat my wife down and had her watch this. She is not the most financially savy person I know, but has a good deal of common sence.
After watching the segment I poped up some charts from this site onPrices, rent to income.
the double wave of sub-prime and option arms and when they reset.Bottom line, this woman who is always on my case for buying said that we need / have to wait.
Bout time the main stream media helped my out.
thanks 60 min.
gunJanuary 28, 2008 at 5:31 PM #144191Raybyrnes
ParticipantGundoctor,
You mention the interest rate resets. If rate are resetting based on todasy envoironment, form in terest rate standpoint these peopl who took out option arms are going to look fairly smart. Additionally if their payments stay in line with what they wer previously paying then it could stem the decline in housihng long enough fo prices to stage a rally. That would suck as it would lock many of the savers (myslef included ) out of the housing market.
January 28, 2008 at 5:31 PM #144431ParticipantGundoctor,
You mention the interest rate resets. If rate are resetting based on todasy envoironment, form in terest rate standpoint these peopl who took out option arms are going to look fairly smart. Additionally if their payments stay in line with what they wer previously paying then it could stem the decline in housihng long enough fo prices to stage a rally. That would suck as it would lock many of the savers (myslef included ) out of the housing market.
January 28, 2008 at 5:31 PM #144433ParticipantGundoctor,
You mention the interest rate resets. If rate are resetting based on todasy envoironment, form in terest rate standpoint these peopl who took out option arms are going to look fairly smart. Additionally if their payments stay in line with what they wer previously paying then it could stem the decline in housihng long enough fo prices to stage a rally. That would suck as it would lock many of the savers (myslef included ) out of the housing market.
January 28, 2008 at 5:31 PM #144461ParticipantGundoctor,
You mention the interest rate resets. If rate are resetting based on todasy envoironment, form in terest rate standpoint these peopl who took out option arms are going to look fairly smart. Additionally if their payments stay in line with what they wer previously paying then it could stem the decline in housihng long enough fo prices to stage a rally. That would suck as it would lock many of the savers (myslef included ) out of the housing market.
January 28, 2008 at 5:31 PM #144531ParticipantGundoctor,
You mention the interest rate resets. If rate are resetting based on todasy envoironment, form in terest rate standpoint these peopl who took out option arms are going to look fairly smart. Additionally if their payments stay in line with what they wer previously paying then it could stem the decline in housihng long enough fo prices to stage a rally. That would suck as it would lock many of the savers (myslef included ) out of the housing market.
January 28, 2008 at 5:55 PM #144216NotCranky
ParticipantRAY “Steams me a bit that I didn’t have the balls to roll the dice back in 2000 and realize that there was very little downside risk. ”
Did you have the knowlege then that you have now? If so why did you think the market was risky in 2000? I hope when it hits a “2000” like period in the cycle again we all know what to do. It wasn’t really a fluke until 2003ish was it? I am not picking on you. I had a little bit of knowlege ,instincts and good luck but definitely did not know a fraction of what I have learned since coming here.
Hang in there. You know that houses will be a lot more affordable soon. One way or another.
January 28, 2008 at 5:55 PM #144454ParticipantRAY “Steams me a bit that I didn’t have the balls to roll the dice back in 2000 and realize that there was very little downside risk. ”
Did you have the knowlege then that you have now? If so why did you think the market was risky in 2000? I hope when it hits a “2000” like period in the cycle again we all know what to do. It wasn’t really a fluke until 2003ish was it? I am not picking on you. I had a little bit of knowlege ,instincts and good luck but definitely did not know a fraction of what I have learned since coming here.
Hang in there. You know that houses will be a lot more affordable soon. One way or another.
January 28, 2008 at 5:55 PM #144458ParticipantRAY “Steams me a bit that I didn’t have the balls to roll the dice back in 2000 and realize that there was very little downside risk. ”
Did you have the knowlege then that you have now? If so why did you think the market was risky in 2000? I hope when it hits a “2000” like period in the cycle again we all know what to do. It wasn’t really a fluke until 2003ish was it? I am not picking on you. I had a little bit of knowlege ,instincts and good luck but definitely did not know a fraction of what I have learned since coming here.
Hang in there. You know that houses will be a lot more affordable soon. One way or another.
January 28, 2008 at 5:55 PM #144484ParticipantRAY “Steams me a bit that I didn’t have the balls to roll the dice back in 2000 and realize that there was very little downside risk. ”
Did you have the knowlege then that you have now? If so why did you think the market was risky in 2000? I hope when it hits a “2000” like period in the cycle again we all know what to do. It wasn’t really a fluke until 2003ish was it? I am not picking on you. I had a little bit of knowlege ,instincts and good luck but definitely did not know a fraction of what I have learned since coming here.
Hang in there. You know that houses will be a lot more affordable soon. One way or another.
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