Gov’t to target 4.5% for mortgages

[sdrealtor]

Meet George Jetson….

[Ricechex]

And his dog Elroy….

[Ricechex]

And his dog Elroy….

[Ricechex]

And his dog Elroy….

[Ricechex]

And his dog Elroy….

[Ricechex]

And his dog Elroy….

[DWCAP]

[quote=SD Realtor]I cannot argue with that. 4.5% puts a hell of alot of hot air in the bubble again. Forget savings… spend baby spend! Rates at that level will absolutely bring your spring prediction closer to reality. Even with higher unemployment, the biggest misconception on this site is the denial of how much money there is that is floating out there on the sidelines right now. [/quote]

I dont know how many people deny how much money is out there. Rather, I think most of us deny that it would be deployed without these BS rates and huge government guarentees. Alot of capital is only being depoloyed because of government intervention and historically low rates. It hurts to admit that our government is activly trying to f^&$ those who are responsible and reward those where were not, so many don’t.

I guess the real issue is that most of us were hoping for “our” time, a time when people who saved would be rewarded. But when is life ever fair?

[DWCAP]

[quote=SD Realtor]I cannot argue with that. 4.5% puts a hell of alot of hot air in the bubble again. Forget savings… spend baby spend! Rates at that level will absolutely bring your spring prediction closer to reality. Even with higher unemployment, the biggest misconception on this site is the denial of how much money there is that is floating out there on the sidelines right now. [/quote]

I dont know how many people deny how much money is out there. Rather, I think most of us deny that it would be deployed without these BS rates and huge government guarentees. Alot of capital is only being depoloyed because of government intervention and historically low rates. It hurts to admit that our government is activly trying to f^&$ those who are responsible and reward those where were not, so many don’t.

I guess the real issue is that most of us were hoping for “our” time, a time when people who saved would be rewarded. But when is life ever fair?

[DWCAP]

[quote=SD Realtor]I cannot argue with that. 4.5% puts a hell of alot of hot air in the bubble again. Forget savings… spend baby spend! Rates at that level will absolutely bring your spring prediction closer to reality. Even with higher unemployment, the biggest misconception on this site is the denial of how much money there is that is floating out there on the sidelines right now. [/quote]

I dont know how many people deny how much money is out there. Rather, I think most of us deny that it would be deployed without these BS rates and huge government guarentees. Alot of capital is only being depoloyed because of government intervention and historically low rates. It hurts to admit that our government is activly trying to f^&$ those who are responsible and reward those where were not, so many don’t.

I guess the real issue is that most of us were hoping for “our” time, a time when people who saved would be rewarded. But when is life ever fair?

[DWCAP]

[quote=SD Realtor]I cannot argue with that. 4.5% puts a hell of alot of hot air in the bubble again. Forget savings… spend baby spend! Rates at that level will absolutely bring your spring prediction closer to reality. Even with higher unemployment, the biggest misconception on this site is the denial of how much money there is that is floating out there on the sidelines right now. [/quote]

I dont know how many people deny how much money is out there. Rather, I think most of us deny that it would be deployed without these BS rates and huge government guarentees. Alot of capital is only being depoloyed because of government intervention and historically low rates. It hurts to admit that our government is activly trying to f^&$ those who are responsible and reward those where were not, so many don’t.

I guess the real issue is that most of us were hoping for “our” time, a time when people who saved would be rewarded. But when is life ever fair?

[DWCAP]

[quote=SD Realtor]I cannot argue with that. 4.5% puts a hell of alot of hot air in the bubble again. Forget savings… spend baby spend! Rates at that level will absolutely bring your spring prediction closer to reality. Even with higher unemployment, the biggest misconception on this site is the denial of how much money there is that is floating out there on the sidelines right now. [/quote]

I dont know how many people deny how much money is out there. Rather, I think most of us deny that it would be deployed without these BS rates and huge government guarentees. Alot of capital is only being depoloyed because of government intervention and historically low rates. It hurts to admit that our government is activly trying to f^&$ those who are responsible and reward those where were not, so many don’t.

I guess the real issue is that most of us were hoping for “our” time, a time when people who saved would be rewarded. But when is life ever fair?

[SD Realtor]

I would agree with that DW… However it seems that there are posts that do occassionally come up where people are questioning how buyers can come up with 20% down. Note I am not saying that any of this is a good thing because it really is not. Our government believes that the only way out of virtual insolvency is to… spend more! Hoooray!!! Like you I am a very frustrated saver.

Also the 20% down thing is not written in stone. I have a 3% FHA buyer closing escrow in mid December. He has the money to put down much more but is not doing so.

[SD Realtor]

I would agree with that DW… However it seems that there are posts that do occassionally come up where people are questioning how buyers can come up with 20% down. Note I am not saying that any of this is a good thing because it really is not. Our government believes that the only way out of virtual insolvency is to… spend more! Hoooray!!! Like you I am a very frustrated saver.

Also the 20% down thing is not written in stone. I have a 3% FHA buyer closing escrow in mid December. He has the money to put down much more but is not doing so.

[SD Realtor]

I would agree with that DW… However it seems that there are posts that do occassionally come up where people are questioning how buyers can come up with 20% down. Note I am not saying that any of this is a good thing because it really is not. Our government believes that the only way out of virtual insolvency is to… spend more! Hoooray!!! Like you I am a very frustrated saver.

Also the 20% down thing is not written in stone. I have a 3% FHA buyer closing escrow in mid December. He has the money to put down much more but is not doing so.

[SD Realtor]

I would agree with that DW… However it seems that there are posts that do occassionally come up where people are questioning how buyers can come up with 20% down. Note I am not saying that any of this is a good thing because it really is not. Our government believes that the only way out of virtual insolvency is to… spend more! Hoooray!!! Like you I am a very frustrated saver.

Also the 20% down thing is not written in stone. I have a 3% FHA buyer closing escrow in mid December. He has the money to put down much more but is not doing so.

[Author]

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