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January 29, 2009 at 6:57 AM #338513January 29, 2009 at 9:23 AM #338026gandalfParticipant
Economy is in for a long slog…
Inflation generally requires upward wage pressure, not happening anytime soon.
Currency matters may lead to dollar debasement.
I honestly have no idea what to expect…
January 29, 2009 at 9:23 AM #338355gandalfParticipantEconomy is in for a long slog…
Inflation generally requires upward wage pressure, not happening anytime soon.
Currency matters may lead to dollar debasement.
I honestly have no idea what to expect…
January 29, 2009 at 9:23 AM #338449gandalfParticipantEconomy is in for a long slog…
Inflation generally requires upward wage pressure, not happening anytime soon.
Currency matters may lead to dollar debasement.
I honestly have no idea what to expect…
January 29, 2009 at 9:23 AM #338476gandalfParticipantEconomy is in for a long slog…
Inflation generally requires upward wage pressure, not happening anytime soon.
Currency matters may lead to dollar debasement.
I honestly have no idea what to expect…
January 29, 2009 at 9:23 AM #338568gandalfParticipantEconomy is in for a long slog…
Inflation generally requires upward wage pressure, not happening anytime soon.
Currency matters may lead to dollar debasement.
I honestly have no idea what to expect…
January 29, 2009 at 9:57 AM #338062carlsbadworkerParticipant[quote=HLS]Never buy a house EXPECTING it to go up. Appreciation should be a bonus[/quote]
I think it will do a lot good to the society if everyone treats the house (except investment property, which is a business) as a consumption instead of investment. Realtors are still saying “house is the biggest investment in your life” (by the way, digress a little bit, I received tons of letters from the mortgage insurance companies that starts with the above sentence. I don’t know why anyone would buy mortgage insurance while they could buy life insurance that covers more than the mortgage amount). No, they should say: “Shelter cost is the biggest consumption in your life, buy at the low 30-year fixed rate to get it under control.”
January 29, 2009 at 9:57 AM #338390carlsbadworkerParticipant[quote=HLS]Never buy a house EXPECTING it to go up. Appreciation should be a bonus[/quote]
I think it will do a lot good to the society if everyone treats the house (except investment property, which is a business) as a consumption instead of investment. Realtors are still saying “house is the biggest investment in your life” (by the way, digress a little bit, I received tons of letters from the mortgage insurance companies that starts with the above sentence. I don’t know why anyone would buy mortgage insurance while they could buy life insurance that covers more than the mortgage amount). No, they should say: “Shelter cost is the biggest consumption in your life, buy at the low 30-year fixed rate to get it under control.”
January 29, 2009 at 9:57 AM #338484carlsbadworkerParticipant[quote=HLS]Never buy a house EXPECTING it to go up. Appreciation should be a bonus[/quote]
I think it will do a lot good to the society if everyone treats the house (except investment property, which is a business) as a consumption instead of investment. Realtors are still saying “house is the biggest investment in your life” (by the way, digress a little bit, I received tons of letters from the mortgage insurance companies that starts with the above sentence. I don’t know why anyone would buy mortgage insurance while they could buy life insurance that covers more than the mortgage amount). No, they should say: “Shelter cost is the biggest consumption in your life, buy at the low 30-year fixed rate to get it under control.”
January 29, 2009 at 9:57 AM #338511carlsbadworkerParticipant[quote=HLS]Never buy a house EXPECTING it to go up. Appreciation should be a bonus[/quote]
I think it will do a lot good to the society if everyone treats the house (except investment property, which is a business) as a consumption instead of investment. Realtors are still saying “house is the biggest investment in your life” (by the way, digress a little bit, I received tons of letters from the mortgage insurance companies that starts with the above sentence. I don’t know why anyone would buy mortgage insurance while they could buy life insurance that covers more than the mortgage amount). No, they should say: “Shelter cost is the biggest consumption in your life, buy at the low 30-year fixed rate to get it under control.”
January 29, 2009 at 9:57 AM #338604carlsbadworkerParticipant[quote=HLS]Never buy a house EXPECTING it to go up. Appreciation should be a bonus[/quote]
I think it will do a lot good to the society if everyone treats the house (except investment property, which is a business) as a consumption instead of investment. Realtors are still saying “house is the biggest investment in your life” (by the way, digress a little bit, I received tons of letters from the mortgage insurance companies that starts with the above sentence. I don’t know why anyone would buy mortgage insurance while they could buy life insurance that covers more than the mortgage amount). No, they should say: “Shelter cost is the biggest consumption in your life, buy at the low 30-year fixed rate to get it under control.”
January 29, 2009 at 10:18 AM #338066crParticipantGood comments.
A few things to consider are if/when inflation returns due to the rampant money printing of late will housing start to turn around? And will it be artificial or will it have hit bottom?
And then, we know it’s only a matter of time before the Fed has to raise rates, so how bad will inflation be by then and how much harder will that hit housing?
I can see it already: housing falls for 6-10 more years by which time people have forgotten the Great Housing Crash of the late 2000s and after a year of modest gains brgin saying RE is under-valued again.
January 29, 2009 at 10:18 AM #338395crParticipantGood comments.
A few things to consider are if/when inflation returns due to the rampant money printing of late will housing start to turn around? And will it be artificial or will it have hit bottom?
And then, we know it’s only a matter of time before the Fed has to raise rates, so how bad will inflation be by then and how much harder will that hit housing?
I can see it already: housing falls for 6-10 more years by which time people have forgotten the Great Housing Crash of the late 2000s and after a year of modest gains brgin saying RE is under-valued again.
January 29, 2009 at 10:18 AM #338489crParticipantGood comments.
A few things to consider are if/when inflation returns due to the rampant money printing of late will housing start to turn around? And will it be artificial or will it have hit bottom?
And then, we know it’s only a matter of time before the Fed has to raise rates, so how bad will inflation be by then and how much harder will that hit housing?
I can see it already: housing falls for 6-10 more years by which time people have forgotten the Great Housing Crash of the late 2000s and after a year of modest gains brgin saying RE is under-valued again.
January 29, 2009 at 10:18 AM #338516crParticipantGood comments.
A few things to consider are if/when inflation returns due to the rampant money printing of late will housing start to turn around? And will it be artificial or will it have hit bottom?
And then, we know it’s only a matter of time before the Fed has to raise rates, so how bad will inflation be by then and how much harder will that hit housing?
I can see it already: housing falls for 6-10 more years by which time people have forgotten the Great Housing Crash of the late 2000s and after a year of modest gains brgin saying RE is under-valued again.
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