- This topic has 425 replies, 28 voices, and was last updated 13 years, 2 months ago by Diego Mamani.
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February 14, 2011 at 10:15 AM #667223February 14, 2011 at 11:38 AM #666140Diego MamaniParticipant
[quote=lifeizfunhuh]My housing costs are now fixed and I can pay back the bank with increasingly less valuable dollars.[/quote] Exactly! As SD-R said on another thread, you’ll be laughing in the coming years as your neighbors pay 8%, 9%, and 10% rates on their mortgages. So what if house prices drop another 5%-10% in nominal terms? Also, as Uncle Sam exits the mortgage business, 30-yr fixed terms will become more expensive and/or harder to find.
February 14, 2011 at 11:38 AM #666202Diego MamaniParticipant[quote=lifeizfunhuh]My housing costs are now fixed and I can pay back the bank with increasingly less valuable dollars.[/quote] Exactly! As SD-R said on another thread, you’ll be laughing in the coming years as your neighbors pay 8%, 9%, and 10% rates on their mortgages. So what if house prices drop another 5%-10% in nominal terms? Also, as Uncle Sam exits the mortgage business, 30-yr fixed terms will become more expensive and/or harder to find.
February 14, 2011 at 11:38 AM #666804Diego MamaniParticipant[quote=lifeizfunhuh]My housing costs are now fixed and I can pay back the bank with increasingly less valuable dollars.[/quote] Exactly! As SD-R said on another thread, you’ll be laughing in the coming years as your neighbors pay 8%, 9%, and 10% rates on their mortgages. So what if house prices drop another 5%-10% in nominal terms? Also, as Uncle Sam exits the mortgage business, 30-yr fixed terms will become more expensive and/or harder to find.
February 14, 2011 at 11:38 AM #666942Diego MamaniParticipant[quote=lifeizfunhuh]My housing costs are now fixed and I can pay back the bank with increasingly less valuable dollars.[/quote] Exactly! As SD-R said on another thread, you’ll be laughing in the coming years as your neighbors pay 8%, 9%, and 10% rates on their mortgages. So what if house prices drop another 5%-10% in nominal terms? Also, as Uncle Sam exits the mortgage business, 30-yr fixed terms will become more expensive and/or harder to find.
February 14, 2011 at 11:38 AM #667278Diego MamaniParticipant[quote=lifeizfunhuh]My housing costs are now fixed and I can pay back the bank with increasingly less valuable dollars.[/quote] Exactly! As SD-R said on another thread, you’ll be laughing in the coming years as your neighbors pay 8%, 9%, and 10% rates on their mortgages. So what if house prices drop another 5%-10% in nominal terms? Also, as Uncle Sam exits the mortgage business, 30-yr fixed terms will become more expensive and/or harder to find.
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