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barnaby33.
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December 18, 2007 at 6:06 PM #120378December 18, 2007 at 6:10 PM #120158
RDeNiro
Participant“Why is this post titled “couple of things to worry about for renters”?”
The Mexico reference was just to illustrate that if you owe money and there is inflation, wages eventually go up and your loan is reduced. I lived there and saw it happen like 10 times. If wages rise and there is inflation, interest rates will rise as well. The point of my commment was, it might not be good to wait until prices drop all the way down if there is going to be high inflation in a year or two.
December 18, 2007 at 6:10 PM #120292Participant“Why is this post titled “couple of things to worry about for renters”?”
The Mexico reference was just to illustrate that if you owe money and there is inflation, wages eventually go up and your loan is reduced. I lived there and saw it happen like 10 times. If wages rise and there is inflation, interest rates will rise as well. The point of my commment was, it might not be good to wait until prices drop all the way down if there is going to be high inflation in a year or two.
December 18, 2007 at 6:10 PM #120326Participant“Why is this post titled “couple of things to worry about for renters”?”
The Mexico reference was just to illustrate that if you owe money and there is inflation, wages eventually go up and your loan is reduced. I lived there and saw it happen like 10 times. If wages rise and there is inflation, interest rates will rise as well. The point of my commment was, it might not be good to wait until prices drop all the way down if there is going to be high inflation in a year or two.
December 18, 2007 at 6:10 PM #120372Participant“Why is this post titled “couple of things to worry about for renters”?”
The Mexico reference was just to illustrate that if you owe money and there is inflation, wages eventually go up and your loan is reduced. I lived there and saw it happen like 10 times. If wages rise and there is inflation, interest rates will rise as well. The point of my commment was, it might not be good to wait until prices drop all the way down if there is going to be high inflation in a year or two.
December 18, 2007 at 6:10 PM #120392Participant“Why is this post titled “couple of things to worry about for renters”?”
The Mexico reference was just to illustrate that if you owe money and there is inflation, wages eventually go up and your loan is reduced. I lived there and saw it happen like 10 times. If wages rise and there is inflation, interest rates will rise as well. The point of my commment was, it might not be good to wait until prices drop all the way down if there is going to be high inflation in a year or two.
December 18, 2007 at 6:29 PM #120168NotCranky
ParticipantDeNiro,
I don’t think you are raising invalid questions on inflation at all.The tough part is when & how much, not if. I have always said we had two bubbles. Soon we will be entering the “one more to go phase” at least as far as prices go. The more prices decrease the more merit these discussions should have in my opinion. It is going to be tough going around here though, at least for a while, when talking about anything but an absolute bottom. It will be interesting to see how things develope.December 18, 2007 at 6:29 PM #120302ParticipantDeNiro,
I don’t think you are raising invalid questions on inflation at all.The tough part is when & how much, not if. I have always said we had two bubbles. Soon we will be entering the “one more to go phase” at least as far as prices go. The more prices decrease the more merit these discussions should have in my opinion. It is going to be tough going around here though, at least for a while, when talking about anything but an absolute bottom. It will be interesting to see how things develope.December 18, 2007 at 6:29 PM #120336ParticipantDeNiro,
I don’t think you are raising invalid questions on inflation at all.The tough part is when & how much, not if. I have always said we had two bubbles. Soon we will be entering the “one more to go phase” at least as far as prices go. The more prices decrease the more merit these discussions should have in my opinion. It is going to be tough going around here though, at least for a while, when talking about anything but an absolute bottom. It will be interesting to see how things develope.December 18, 2007 at 6:29 PM #120383ParticipantDeNiro,
I don’t think you are raising invalid questions on inflation at all.The tough part is when & how much, not if. I have always said we had two bubbles. Soon we will be entering the “one more to go phase” at least as far as prices go. The more prices decrease the more merit these discussions should have in my opinion. It is going to be tough going around here though, at least for a while, when talking about anything but an absolute bottom. It will be interesting to see how things develope.December 18, 2007 at 6:29 PM #120403ParticipantDeNiro,
I don’t think you are raising invalid questions on inflation at all.The tough part is when & how much, not if. I have always said we had two bubbles. Soon we will be entering the “one more to go phase” at least as far as prices go. The more prices decrease the more merit these discussions should have in my opinion. It is going to be tough going around here though, at least for a while, when talking about anything but an absolute bottom. It will be interesting to see how things develope.December 18, 2007 at 8:38 PM #120233highpacific
ParticipantDo the math!
“The Mexico reference was just to illustrate that if you owe money and there is inflation, wages eventually go up and your loan is reduced.”
OK first the loan is not reduced. and if your wages go up you can still afford to buy a home. This argument for buying is nothing more than the same “homes will appreciate” argument that was used to sell homes during the bubble. Lets not forget where we stand right now. Home prices are comming down and wages have a long way to go to support it. We are not on the cusp of “wages rising” enough to support current prices.
Do the math, it will tell you when it is a good time to buy. And in a few months when you are wondering if it is a good time to buy yet. Do the math again!
December 18, 2007 at 8:38 PM #120366ParticipantDo the math!
“The Mexico reference was just to illustrate that if you owe money and there is inflation, wages eventually go up and your loan is reduced.”
OK first the loan is not reduced. and if your wages go up you can still afford to buy a home. This argument for buying is nothing more than the same “homes will appreciate” argument that was used to sell homes during the bubble. Lets not forget where we stand right now. Home prices are comming down and wages have a long way to go to support it. We are not on the cusp of “wages rising” enough to support current prices.
Do the math, it will tell you when it is a good time to buy. And in a few months when you are wondering if it is a good time to buy yet. Do the math again!
December 18, 2007 at 8:38 PM #120401ParticipantDo the math!
“The Mexico reference was just to illustrate that if you owe money and there is inflation, wages eventually go up and your loan is reduced.”
OK first the loan is not reduced. and if your wages go up you can still afford to buy a home. This argument for buying is nothing more than the same “homes will appreciate” argument that was used to sell homes during the bubble. Lets not forget where we stand right now. Home prices are comming down and wages have a long way to go to support it. We are not on the cusp of “wages rising” enough to support current prices.
Do the math, it will tell you when it is a good time to buy. And in a few months when you are wondering if it is a good time to buy yet. Do the math again!
December 18, 2007 at 8:38 PM #120448ParticipantDo the math!
“The Mexico reference was just to illustrate that if you owe money and there is inflation, wages eventually go up and your loan is reduced.”
OK first the loan is not reduced. and if your wages go up you can still afford to buy a home. This argument for buying is nothing more than the same “homes will appreciate” argument that was used to sell homes during the bubble. Lets not forget where we stand right now. Home prices are comming down and wages have a long way to go to support it. We are not on the cusp of “wages rising” enough to support current prices.
Do the math, it will tell you when it is a good time to buy. And in a few months when you are wondering if it is a good time to buy yet. Do the math again!
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