Interest rates

[socrattt]

For these reasons the term “Cash is King” was coined. That term takes on a different meaning these days. With less government interaction this market would be much more enjoyable to those who have waited so long for this bubble to burst.

[patientrenter]

[quote=peterb]Just remember, the term “buying” a house has been twisted. Almost no one buys a house, they take out a huge debt to get the title. That aint buying. You pay cash and own it outright, that’s buying. The rest is a strange fantasy people have. So if the payment’s lower, great, but that’s about sustaining debt. Not owning.[/quote]

I dunno, peter. If you go with the standard 3% down, and maybe throw in first-time buyer credits and a little kickback from the agent or broker or one of the other parties getting paid in the deal, you effectively get a very cheap option to (really) buy) at a fixed price. And you can do what you want with the property while you’re considering whether to actually buy. If the prices come down, you go get a modification. If they go up, you can cash in. You pay for the option in small installments. It’s pretty attractive. Hey, if I didn’t know better, I’d say it’s the greatest scam we’ve ever had! Better than mere owning, where you can gain or lose.

[patientrenter]

[quote=peterb]Just remember, the term “buying” a house has been twisted. Almost no one buys a house, they take out a huge debt to get the title. That aint buying. You pay cash and own it outright, that’s buying. The rest is a strange fantasy people have. So if the payment’s lower, great, but that’s about sustaining debt. Not owning.[/quote]

I dunno, peter. If you go with the standard 3% down, and maybe throw in first-time buyer credits and a little kickback from the agent or broker or one of the other parties getting paid in the deal, you effectively get a very cheap option to (really) buy) at a fixed price. And you can do what you want with the property while you’re considering whether to actually buy. If the prices come down, you go get a modification. If they go up, you can cash in. You pay for the option in small installments. It’s pretty attractive. Hey, if I didn’t know better, I’d say it’s the greatest scam we’ve ever had! Better than mere owning, where you can gain or lose.

[patientrenter]

[quote=peterb]Just remember, the term “buying” a house has been twisted. Almost no one buys a house, they take out a huge debt to get the title. That aint buying. You pay cash and own it outright, that’s buying. The rest is a strange fantasy people have. So if the payment’s lower, great, but that’s about sustaining debt. Not owning.[/quote]

I dunno, peter. If you go with the standard 3% down, and maybe throw in first-time buyer credits and a little kickback from the agent or broker or one of the other parties getting paid in the deal, you effectively get a very cheap option to (really) buy) at a fixed price. And you can do what you want with the property while you’re considering whether to actually buy. If the prices come down, you go get a modification. If they go up, you can cash in. You pay for the option in small installments. It’s pretty attractive. Hey, if I didn’t know better, I’d say it’s the greatest scam we’ve ever had! Better than mere owning, where you can gain or lose.

[patientrenter]

[quote=peterb]Just remember, the term “buying” a house has been twisted. Almost no one buys a house, they take out a huge debt to get the title. That aint buying. You pay cash and own it outright, that’s buying. The rest is a strange fantasy people have. So if the payment’s lower, great, but that’s about sustaining debt. Not owning.[/quote]

I dunno, peter. If you go with the standard 3% down, and maybe throw in first-time buyer credits and a little kickback from the agent or broker or one of the other parties getting paid in the deal, you effectively get a very cheap option to (really) buy) at a fixed price. And you can do what you want with the property while you’re considering whether to actually buy. If the prices come down, you go get a modification. If they go up, you can cash in. You pay for the option in small installments. It’s pretty attractive. Hey, if I didn’t know better, I’d say it’s the greatest scam we’ve ever had! Better than mere owning, where you can gain or lose.

[patientrenter]

[quote=peterb]Just remember, the term “buying” a house has been twisted. Almost no one buys a house, they take out a huge debt to get the title. That aint buying. You pay cash and own it outright, that’s buying. The rest is a strange fantasy people have. So if the payment’s lower, great, but that’s about sustaining debt. Not owning.[/quote]

I dunno, peter. If you go with the standard 3% down, and maybe throw in first-time buyer credits and a little kickback from the agent or broker or one of the other parties getting paid in the deal, you effectively get a very cheap option to (really) buy) at a fixed price. And you can do what you want with the property while you’re considering whether to actually buy. If the prices come down, you go get a modification. If they go up, you can cash in. You pay for the option in small installments. It’s pretty attractive. Hey, if I didn’t know better, I’d say it’s the greatest scam we’ve ever had! Better than mere owning, where you can gain or lose.

[4plexowner]

“The rest is a strange fantasy people have”

These strange fantasies are supported and encouraged by our govt and financial industry

For example, have you ever thought about the term ‘credit card’?

It isn’t a ‘credit’ card it is a DEBT card

The people with power and control in this society use semantics to twist reality such that the common man doesn’t understand what is really going on

It isn’t ‘inflation’ it’s the Federal Reserve debasing our currency with the govt’s support

Banks don’t ‘extend credit’ to people, they put people into DEBT!

[4plexowner]

“The rest is a strange fantasy people have”

These strange fantasies are supported and encouraged by our govt and financial industry

For example, have you ever thought about the term ‘credit card’?

It isn’t a ‘credit’ card it is a DEBT card

The people with power and control in this society use semantics to twist reality such that the common man doesn’t understand what is really going on

It isn’t ‘inflation’ it’s the Federal Reserve debasing our currency with the govt’s support

Banks don’t ‘extend credit’ to people, they put people into DEBT!

[4plexowner]

“The rest is a strange fantasy people have”

These strange fantasies are supported and encouraged by our govt and financial industry

For example, have you ever thought about the term ‘credit card’?

It isn’t a ‘credit’ card it is a DEBT card

The people with power and control in this society use semantics to twist reality such that the common man doesn’t understand what is really going on

It isn’t ‘inflation’ it’s the Federal Reserve debasing our currency with the govt’s support

Banks don’t ‘extend credit’ to people, they put people into DEBT!

[4plexowner]

“The rest is a strange fantasy people have”

These strange fantasies are supported and encouraged by our govt and financial industry

For example, have you ever thought about the term ‘credit card’?

It isn’t a ‘credit’ card it is a DEBT card

The people with power and control in this society use semantics to twist reality such that the common man doesn’t understand what is really going on

It isn’t ‘inflation’ it’s the Federal Reserve debasing our currency with the govt’s support

Banks don’t ‘extend credit’ to people, they put people into DEBT!

[4plexowner]

“The rest is a strange fantasy people have”

These strange fantasies are supported and encouraged by our govt and financial industry

For example, have you ever thought about the term ‘credit card’?

It isn’t a ‘credit’ card it is a DEBT card

The people with power and control in this society use semantics to twist reality such that the common man doesn’t understand what is really going on

It isn’t ‘inflation’ it’s the Federal Reserve debasing our currency with the govt’s support

Banks don’t ‘extend credit’ to people, they put people into DEBT!

[CA renter]

Very well stated, 4plexowner!!!

[CA renter]

Very well stated, 4plexowner!!!

[CA renter]

Very well stated, 4plexowner!!!

[CA renter]

Very well stated, 4plexowner!!!

[Author]

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