couple of things to worry about for renters

[svelte]

Two paragraphs from

http://money.cnn.com/2007/12/19/news/economy/fed_auctions/index.htm?cnn=yes

— begin clip from article —
These fears intensified later last week after the government reported that wholesale prices and retail prices both rose more than expected in November. And that has sparked fears on Wall Street of “stagflation,” a period of rising inflation and slowing growth.

Former Fed chairman Alan Greenspan used the term “stagflation” on an appearance on ABC’s “This Week” on Sunday.
—- end clip from article —-

Here it comes! 1970s all over again.

[cyphire]

I miss the gas lines of the 70’s…. Of course I couldn’t drive yet, so I guess I miss the way the vein on my dad’s head would pop out.

[cyphire]

I miss the gas lines of the 70’s…. Of course I couldn’t drive yet, so I guess I miss the way the vein on my dad’s head would pop out.

[cyphire]

I miss the gas lines of the 70’s…. Of course I couldn’t drive yet, so I guess I miss the way the vein on my dad’s head would pop out.

[cyphire]

I miss the gas lines of the 70’s…. Of course I couldn’t drive yet, so I guess I miss the way the vein on my dad’s head would pop out.

[cyphire]

I miss the gas lines of the 70’s…. Of course I couldn’t drive yet, so I guess I miss the way the vein on my dad’s head would pop out.

[blahblahblah]

DeNiro is right on the money for the case where we get a very bad late 70s style inflation. If you can borrow money today at 6%, it very well may be 12% or more if inflation gets out of hand (some would say it already is). When this happens, salaries will rise quickly and pretty soon we’re all millionaires in American pesos. Suddenly the guy with the $700K home loan at 6% looks like a financial genius.

Damn I hope this doesn’t happen because I’m way too scared to borrow big for a home right now…

[blahblahblah]

DeNiro is right on the money for the case where we get a very bad late 70s style inflation. If you can borrow money today at 6%, it very well may be 12% or more if inflation gets out of hand (some would say it already is). When this happens, salaries will rise quickly and pretty soon we’re all millionaires in American pesos. Suddenly the guy with the $700K home loan at 6% looks like a financial genius.

Damn I hope this doesn’t happen because I’m way too scared to borrow big for a home right now…

[blahblahblah]

DeNiro is right on the money for the case where we get a very bad late 70s style inflation. If you can borrow money today at 6%, it very well may be 12% or more if inflation gets out of hand (some would say it already is). When this happens, salaries will rise quickly and pretty soon we’re all millionaires in American pesos. Suddenly the guy with the $700K home loan at 6% looks like a financial genius.

Damn I hope this doesn’t happen because I’m way too scared to borrow big for a home right now…

[blahblahblah]

DeNiro is right on the money for the case where we get a very bad late 70s style inflation. If you can borrow money today at 6%, it very well may be 12% or more if inflation gets out of hand (some would say it already is). When this happens, salaries will rise quickly and pretty soon we’re all millionaires in American pesos. Suddenly the guy with the $700K home loan at 6% looks like a financial genius.

Damn I hope this doesn’t happen because I’m way too scared to borrow big for a home right now…

[blahblahblah]

DeNiro is right on the money for the case where we get a very bad late 70s style inflation. If you can borrow money today at 6%, it very well may be 12% or more if inflation gets out of hand (some would say it already is). When this happens, salaries will rise quickly and pretty soon we’re all millionaires in American pesos. Suddenly the guy with the $700K home loan at 6% looks like a financial genius.

Damn I hope this doesn’t happen because I’m way too scared to borrow big for a home right now…

[RDeNiro]

It seems like 90% of the people who post here are renters waiting for prices to fall. But we should all come up with possible alternatives to what we are predicting. The inflation scenario/interest rising is a counterpoint to waiting to buy. I guess a counterargument would be, if interest rise, houses would continue to be unaffordable and would have to drop even more.

[RDeNiro]

It seems like 90% of the people who post here are renters waiting for prices to fall. But we should all come up with possible alternatives to what we are predicting. The inflation scenario/interest rising is a counterpoint to waiting to buy. I guess a counterargument would be, if interest rise, houses would continue to be unaffordable and would have to drop even more.

[RDeNiro]

It seems like 90% of the people who post here are renters waiting for prices to fall. But we should all come up with possible alternatives to what we are predicting. The inflation scenario/interest rising is a counterpoint to waiting to buy. I guess a counterargument would be, if interest rise, houses would continue to be unaffordable and would have to drop even more.

[RDeNiro]

It seems like 90% of the people who post here are renters waiting for prices to fall. But we should all come up with possible alternatives to what we are predicting. The inflation scenario/interest rising is a counterpoint to waiting to buy. I guess a counterargument would be, if interest rise, houses would continue to be unaffordable and would have to drop even more.

[Author]

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