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scaredyclassic.
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May 12, 2021 at 11:43 AM #821483May 12, 2021 at 11:59 AM #821484
an
Participant[quote=Coronita][quote=an][quote=Coronita][quote=an][quote=sdrealtor]Inflation reported this morning is highest in 13 years. Who would’ve guessed? Get ready for more. Holders of hard assets gonna be the winners[/quote]
Lets go!!![/quote]
Go Joe Go![/quote]
Go Joe Go!!! When can I see double digit inflation Joe?[/quote]Yes, Joe. I want to see 70-80ies era 8% CD rates so my 3% 30 year looks like a joke….
Point of no return… Cash is trashed…
[/quote]
Joe is just getting started. He’s less than 6 months into the job. Here’s hope he can keep on going at the same rate for the next 3.5 years.May 12, 2021 at 12:03 PM #821485
svelteParticipant[quote=Coronita][quote=scaredyclassic]
I’d be curious if Americans are taking lots of $ out for consumption.[/quote]Well,I do see a lot of people driving newer cool cars!!![/quote]
they are going to need that cash to pay for those expensive electric vehicles!
Have you seen the inside of the Mercedes EQS? Oh my!
Watch out Elon, your updated Model S is no match…
May 12, 2021 at 12:09 PM #821486sdrealtor
ParticipantOver $100K.
May 12, 2021 at 12:19 PM #821487scaredyclassic
Participant[quote=sdrealtor][quote=scaredyclassic][quote=Coronita][quote=gzz]Escoguy, I agree with what you said, especially about how conservative underwriting has been the ENTIRE TIME the market has been rising starting around 2010.[/quote]
Thats what i was wondering. Hows the loan quality now versus circa 2006[/quote]
Must be better. How could it be worse?
Odd thing pricing a refi yesterday. It was significantly cheaper to do a large cash out refi than just the balance of the mortgage.
Not sure what this means. We will give you a lower rate for more money, please, just take this damn icky money? Is cash really trash? It made me not want the money. Why would I want something they have to give me more of to cart away?
I’d be curious if Americans are taking lots of $ out for consumption.[/quote]
Many costs to do refi are fixed for lender. larger loan means more profit dollars to amortize those fixed costs over. thats why small loans are more expensive[/quote]
I get that. But I’m talking about the actual lender fee, total, for the loan from me. Like, it was a $400 total fee to borrow 500k, versus a $700 total fee to borrow 200k. same interest rate. Not sure where they’re getting extra money from for the higher loan. Maybe they can sell the bigger loan for more money? But that’s kind of crazy.
May 12, 2021 at 12:25 PM #821488
CoronitaParticipant[quote=svelte][quote=Coronita][quote=scaredyclassic]
I’d be curious if Americans are taking lots of $ out for consumption.[/quote]Well,I do see a lot of people driving newer cool cars!!![/quote]
they are going to need that cash to pay for those expensive electric vehicles!
Have you seen the inside of the Mercedes EQS? Oh my!
Watch out Elon, your updated Model S is no match…[/quote]
I was picking up parts for my Mazda a few weeks ago and dropped by the the Audi dealer next door because some guy in there was driving a miata. Turns out it’s the finance guy…Anyway cool racer guy. Anyway, i was just browsing and looking and i really like the eTron, minus the front plastic looking grill.
It makes sense to lease these cars…But price isn’t *that* bad with the tax credits.
May 12, 2021 at 1:10 PM #821489Participant[quote=scaredyclassic][quote=sdrealtor][quote=scaredyclassic][quote=Coronita][quote=gzz]Escoguy, I agree with what you said, especially about how conservative underwriting has been the ENTIRE TIME the market has been rising starting around 2010.[/quote]
Thats what i was wondering. Hows the loan quality now versus circa 2006[/quote]
Must be better. How could it be worse?
Odd thing pricing a refi yesterday. It was significantly cheaper to do a large cash out refi than just the balance of the mortgage.
Not sure what this means. We will give you a lower rate for more money, please, just take this damn icky money? Is cash really trash? It made me not want the money. Why would I want something they have to give me more of to cart away?
I’d be curious if Americans are taking lots of $ out for consumption.[/quote]
Many costs to do refi are fixed for lender. larger loan means more profit dollars to amortize those fixed costs over. thats why small loans are more expensive[/quote]
I get that. But I’m talking about the actual lender fee, total, for the loan from me. Like, it was a $400 total fee to borrow 500k, versus a $700 total fee to borrow 200k. same interest rate. Not sure where they’re getting extra money from for the higher loan. Maybe they can sell the bigger loan for more money? But that’s kind of crazy.[/quote]
Lenders get paid by giving you a higher rate than the wholesale rate. Lets say their wholesale rate is 2.5% and they give you 2.75% for a no cost loan and for arguments sake they get 1% rebate of the loan amount by charging you a higher than wholesale rate. If your loan is $150K thats $1500. If your loan is $500K thats $5000. That leaves them with $3500 more tprofit to cover the actual loan costs. Thats how it works as far as I know
May 12, 2021 at 1:24 PM #821490svelteParticipant[quote=Coronita]
I was picking up parts for my Mazda a few weeks ago and dropped by the the Audi dealer next door because some guy in there was driving a miata. Turns out it’s the finance guy…Anyway cool racer guy. Anyway, i was just browsing and looking and i really like the eTron, minus the front plastic looking grill.
It makes sense to lease these cars…But price isn’t *that* bad with the tax credits.
https://www.edmunds.com/audi/e-tron/%5B/quote%5D
The e-Tron GT and Taycan are both drop-dead gorgeous too…and I’m typically not a German car guy!
But man, sooo many good automotive ways to spend $$ are about to arrive! The future looks bright indeed. The era of the gorgeous 4-door is here.
2020 Porsche Taycan: price, power, top speed, battery range, technology and on sale date
May 12, 2021 at 1:28 PM #821491svelteParticipantMay 12, 2021 at 1:51 PM #821492ParticipantI was driving next to a Mercedes jeeplike SUV and I asked my wife too Google it for price …
156 to 175k? Jesus, that seemed high. I was thinking I’d be willing to go as high as 42k on it. No actually, fuck that, I’ll give you 37.5k. that’s it
May 12, 2021 at 2:20 PM #821493Participant[quote=svelte][quote=Coronita][quote=scaredyclassic]
I’d be curious if Americans are taking lots of $ out for consumption.[/quote]Well,I do see a lot of people driving newer cool cars!!![/quote]
they are going to need that cash to pay for those expensive electric vehicles!
Have you seen the inside of the Mercedes EQS? Oh my!
Watch out Elon, your updated Model S is no match…[/quote]
Love the EQS. It makes the Model S look like a Chevy. E-tron and Taycan are gorgeous too, but EQS definitely take the cake in term of interior.May 12, 2021 at 2:47 PM #821494Participant[quote=an][quote=svelte][quote=Coronita][quote=scaredyclassic]
I’d be curious if Americans are taking lots of $ out for consumption.[/quote]Well,I do see a lot of people driving newer cool cars!!![/quote]
they are going to need that cash to pay for those expensive electric vehicles!
Have you seen the inside of the Mercedes EQS? Oh my!
Watch out Elon, your updated Model S is no match…[/quote]
Love the EQS. It makes the Model S look like a Chevy. E-tron and Taycan are gorgeous too, but EQS definitely take the cake in term of interior.[/quote]I hate cars and I want that. are all these e cars going to be reasonably reliable? My wife’s mini cooper is a piece of garbage; seals constantly failing and leaking; will the electric version be ok? maybe we can trade it in.
maybe I should just be nuts and buy a 70k electric suv. she won’t expect that kinda weird behavior from me. im too predictable. or the porsche. yeah, maybe I need a porsche in my life. Why am I bicycling everywhere?
May 12, 2021 at 2:53 PM #821495CoronitaParticipant[quote=scaredyclassic]I was driving next to a Mercedes jeeplike SUV and I asked my wife too Google it for price …
156 to 175k? Jesus, that seemed high. I was thinking I’d be willing to go as high as 42k on it. No actually, fuck that, I’ll give you 37.5k. that’s it
https://www.mbusa.com/en/vehicles/model/g-class/suv/g63w4%5B/quote%5D
The G class is not my thing. But to each of their own.
Cars are expensive today.
A nicely equipped Kia Stinger will cost $40k
A BMW 4 series starts around the mid $40ies with no options.Toyota Rav4’s are in the $30s and Highlanders are touching $40ies
May 12, 2021 at 2:54 PM #821496CoronitaParticipant[quote=scaredyclassic][quote=an][quote=svelte][quote=Coronita][quote=scaredyclassic]
I’d be curious if Americans are taking lots of $ out for consumption.[/quote]Well,I do see a lot of people driving newer cool cars!!![/quote]
they are going to need that cash to pay for those expensive electric vehicles!
Have you seen the inside of the Mercedes EQS? Oh my!
Watch out Elon, your updated Model S is no match…[/quote]
Love the EQS. It makes the Model S look like a Chevy. E-tron and Taycan are gorgeous too, but EQS definitely take the cake in term of interior.[/quote]I hate cars and I want that. are all these e cars going to be reasonably reliable? My wife’s mini cooper is a piece of garbage; seals constantly failing and leaking; will the electric version be ok? maybe we can trade it in.
maybe I should just be nuts and buy a 70k electric suv. she won’t expect that kinda weird behavior from me. im too predictable. or the porsche. yeah, maybe I need a porsche in my life. Why am I bicycling everywhere?[/quote]
TBD reliability….
Mini-cooper. Scotty Kilmer has a few things to say about it.
May 12, 2021 at 3:06 PM #821497Participant[quote=Coronita][quote=scaredyclassic][quote=an][quote=svelte][quote=Coronita][quote=scaredyclassic]
I’d be curious if Americans are taking lots of $ out for consumption.[/quote]Well,I do see a lot of people driving newer cool cars!!![/quote]
they are going to need that cash to pay for those expensive electric vehicles!
Have you seen the inside of the Mercedes EQS? Oh my!
Watch out Elon, your updated Model S is no match…[/quote]
Love the EQS. It makes the Model S look like a Chevy. E-tron and Taycan are gorgeous too, but EQS definitely take the cake in term of interior.[/quote]I hate cars and I want that. are all these e cars going to be reasonably reliable? My wife’s mini cooper is a piece of garbage; seals constantly failing and leaking; will the electric version be ok? maybe we can trade it in.
maybe I should just be nuts and buy a 70k electric suv. she won’t expect that kinda weird behavior from me. im too predictable. or the porsche. yeah, maybe I need a porsche in my life. Why am I bicycling everywhere?[/quote]
TBD reliability….
Mini-cooper. Scotty Kilmer has a few things to say about it.
https://www.youtube.com/watch?v=Lp0LdnreYmE%5B/quote%5D
Yeah. I hate that car. But my wife loves it and won’t get rid of it. Not even for a Porsche.
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