Interest rates plummet – licking my wounds….

[Coronita]

[quote=Arraya][quote=CA renter]I Everyone is short the dollar by going into other currencies, commodities, stocks, real estate, etc. They are expecting someone else to pay them more, in dollars, than they paid for these things, IMHO. If everyone who is convinced that the dollar is toast is already in on the trade, who is left to buy things at a higher price? The unemployed/underemployed workers? The poor from the developing nations, whose jobs depend on those (underemployed and unemployed) people in developed nations buying more junk?

.[/quote]

You just described a classic speculative bubble which is grounded in ponzi-dynamics. The bubble burst when it ran out of new entrants.[/quote]

Except there’s one big problem…. Precious metals and commodities got slaughtered today (and this week frankly)…..Silver kicked the bucket with more than 20% fall in just a few days… Ouch!

[CAwireman]

I was girding my loins for a steady upward march towards 1970/1980’s era interest rates. The market can remain irrational longer than we can remain logical….

Nice job bg! You are fighting the good fight!

Rates aren’t low enough yet to suggest a refi for our home. But, if they went to 3.75 for a 30 year fixed, then we’d have pretty phenomenal motivation. I wonder just how low they’ll go?

[CAwireman]

I was girding my loins for a steady upward march towards 1970/1980’s era interest rates. The market can remain irrational longer than we can remain logical….

Nice job bg! You are fighting the good fight!

Rates aren’t low enough yet to suggest a refi for our home. But, if they went to 3.75 for a 30 year fixed, then we’d have pretty phenomenal motivation. I wonder just how low they’ll go?

[CAwireman]

I was girding my loins for a steady upward march towards 1970/1980’s era interest rates. The market can remain irrational longer than we can remain logical….

Nice job bg! You are fighting the good fight!

Rates aren’t low enough yet to suggest a refi for our home. But, if they went to 3.75 for a 30 year fixed, then we’d have pretty phenomenal motivation. I wonder just how low they’ll go?

[CAwireman]

I was girding my loins for a steady upward march towards 1970/1980’s era interest rates. The market can remain irrational longer than we can remain logical….

Nice job bg! You are fighting the good fight!

Rates aren’t low enough yet to suggest a refi for our home. But, if they went to 3.75 for a 30 year fixed, then we’d have pretty phenomenal motivation. I wonder just how low they’ll go?

[CAwireman]

I was girding my loins for a steady upward march towards 1970/1980’s era interest rates. The market can remain irrational longer than we can remain logical….

Nice job bg! You are fighting the good fight!

Rates aren’t low enough yet to suggest a refi for our home. But, if they went to 3.75 for a 30 year fixed, then we’d have pretty phenomenal motivation. I wonder just how low they’ll go?

[Coronita]

Someone talk some sense into me.

I’m actually giving some serious consideration to changing my strategy and instead of trying to pay off my primary earlier with a 15, refinance back into a 30 year and take as much cash out as possible..then take the money and do something with it. Like use it to buy cheaper/paid off rental property.

Afterall, if we think the dollar is getting weaker, is there any good reason why I should try to pay this off in today’s dollar sooner, versus using less-worth dollars in the future??? I mean at least if I have some rentals, I can jack up rent (to a point) to keep up with inflation.. Also, since the refinance is on my primary, my interest is deductible up to the phase out limit… On the other hand, if I tie up too much equity now, that’s money that’s lost opportunity which will devalue because I can’t do anything with it….Seems like a big opportunity cost… (other than I just wasted the past 6 years paying down a loan )

Thoughts? Someone talk some sense into me, please…

[Coronita]

Someone talk some sense into me.

I’m actually giving some serious consideration to changing my strategy and instead of trying to pay off my primary earlier with a 15, refinance back into a 30 year and take as much cash out as possible..then take the money and do something with it. Like use it to buy cheaper/paid off rental property.

Afterall, if we think the dollar is getting weaker, is there any good reason why I should try to pay this off in today’s dollar sooner, versus using less-worth dollars in the future??? I mean at least if I have some rentals, I can jack up rent (to a point) to keep up with inflation.. Also, since the refinance is on my primary, my interest is deductible up to the phase out limit… On the other hand, if I tie up too much equity now, that’s money that’s lost opportunity which will devalue because I can’t do anything with it….Seems like a big opportunity cost… (other than I just wasted the past 6 years paying down a loan )

Thoughts? Someone talk some sense into me, please…

[Coronita]

Someone talk some sense into me.

I’m actually giving some serious consideration to changing my strategy and instead of trying to pay off my primary earlier with a 15, refinance back into a 30 year and take as much cash out as possible..then take the money and do something with it. Like use it to buy cheaper/paid off rental property.

Afterall, if we think the dollar is getting weaker, is there any good reason why I should try to pay this off in today’s dollar sooner, versus using less-worth dollars in the future??? I mean at least if I have some rentals, I can jack up rent (to a point) to keep up with inflation.. Also, since the refinance is on my primary, my interest is deductible up to the phase out limit… On the other hand, if I tie up too much equity now, that’s money that’s lost opportunity which will devalue because I can’t do anything with it….Seems like a big opportunity cost… (other than I just wasted the past 6 years paying down a loan )

Thoughts? Someone talk some sense into me, please…

[Coronita]

Someone talk some sense into me.

I’m actually giving some serious consideration to changing my strategy and instead of trying to pay off my primary earlier with a 15, refinance back into a 30 year and take as much cash out as possible..then take the money and do something with it. Like use it to buy cheaper/paid off rental property.

Afterall, if we think the dollar is getting weaker, is there any good reason why I should try to pay this off in today’s dollar sooner, versus using less-worth dollars in the future??? I mean at least if I have some rentals, I can jack up rent (to a point) to keep up with inflation.. Also, since the refinance is on my primary, my interest is deductible up to the phase out limit… On the other hand, if I tie up too much equity now, that’s money that’s lost opportunity which will devalue because I can’t do anything with it….Seems like a big opportunity cost… (other than I just wasted the past 6 years paying down a loan )

Thoughts? Someone talk some sense into me, please…

[Coronita]

Someone talk some sense into me.

I’m actually giving some serious consideration to changing my strategy and instead of trying to pay off my primary earlier with a 15, refinance back into a 30 year and take as much cash out as possible..then take the money and do something with it. Like use it to buy cheaper/paid off rental property.

Afterall, if we think the dollar is getting weaker, is there any good reason why I should try to pay this off in today’s dollar sooner, versus using less-worth dollars in the future??? I mean at least if I have some rentals, I can jack up rent (to a point) to keep up with inflation.. Also, since the refinance is on my primary, my interest is deductible up to the phase out limit… On the other hand, if I tie up too much equity now, that’s money that’s lost opportunity which will devalue because I can’t do anything with it….Seems like a big opportunity cost… (other than I just wasted the past 6 years paying down a loan )

Thoughts? Someone talk some sense into me, please…

[briansd1]

[quote=flu]Someone talk some sense into me.

I’m actually giving some serious consideration to changing my strategy and instead of trying to pay off my primary earlier with a 15, refinance back into a 30 year and take as much cash out as possible..then take the money and do something with it. Like use it to buy cheaper/paid off rental property.

Afterall, if we think the dollar is getting weaker, is there any good reason why I should try to pay this off in today’s dollar sooner, versus using less-worth dollars in the future??? I mean at least if I have some rentals, I can jack up rent (to a point) to keep up with inflation.. Also, since the refinance is on my primary, my interest is deductible up to the phase out limit… On the other hand, if I tie up too much equity now, that’s money that’s lost opportunity which will devalue because I can’t do anything with it….Seems like a big opportunity cost… (other than I just wasted the past 6 years paying down a loan )

Thoughts? Someone talk some sense into me, please…[/quote]

I think it’s a good strategy.

If you can buy rental properties in a cheap area and the management is not too much trouble, or you enjoying doing it, go ahead and do it.

[briansd1]

[quote=flu]Someone talk some sense into me.

I’m actually giving some serious consideration to changing my strategy and instead of trying to pay off my primary earlier with a 15, refinance back into a 30 year and take as much cash out as possible..then take the money and do something with it. Like use it to buy cheaper/paid off rental property.

Afterall, if we think the dollar is getting weaker, is there any good reason why I should try to pay this off in today’s dollar sooner, versus using less-worth dollars in the future??? I mean at least if I have some rentals, I can jack up rent (to a point) to keep up with inflation.. Also, since the refinance is on my primary, my interest is deductible up to the phase out limit… On the other hand, if I tie up too much equity now, that’s money that’s lost opportunity which will devalue because I can’t do anything with it….Seems like a big opportunity cost… (other than I just wasted the past 6 years paying down a loan )

Thoughts? Someone talk some sense into me, please…[/quote]

I think it’s a good strategy.

If you can buy rental properties in a cheap area and the management is not too much trouble, or you enjoying doing it, go ahead and do it.

[briansd1]

[quote=flu]Someone talk some sense into me.

I’m actually giving some serious consideration to changing my strategy and instead of trying to pay off my primary earlier with a 15, refinance back into a 30 year and take as much cash out as possible..then take the money and do something with it. Like use it to buy cheaper/paid off rental property.

Afterall, if we think the dollar is getting weaker, is there any good reason why I should try to pay this off in today’s dollar sooner, versus using less-worth dollars in the future??? I mean at least if I have some rentals, I can jack up rent (to a point) to keep up with inflation.. Also, since the refinance is on my primary, my interest is deductible up to the phase out limit… On the other hand, if I tie up too much equity now, that’s money that’s lost opportunity which will devalue because I can’t do anything with it….Seems like a big opportunity cost… (other than I just wasted the past 6 years paying down a loan )

Thoughts? Someone talk some sense into me, please…[/quote]

I think it’s a good strategy.

If you can buy rental properties in a cheap area and the management is not too much trouble, or you enjoying doing it, go ahead and do it.

[briansd1]

[quote=flu]Someone talk some sense into me.

I’m actually giving some serious consideration to changing my strategy and instead of trying to pay off my primary earlier with a 15, refinance back into a 30 year and take as much cash out as possible..then take the money and do something with it. Like use it to buy cheaper/paid off rental property.

Afterall, if we think the dollar is getting weaker, is there any good reason why I should try to pay this off in today’s dollar sooner, versus using less-worth dollars in the future??? I mean at least if I have some rentals, I can jack up rent (to a point) to keep up with inflation.. Also, since the refinance is on my primary, my interest is deductible up to the phase out limit… On the other hand, if I tie up too much equity now, that’s money that’s lost opportunity which will devalue because I can’t do anything with it….Seems like a big opportunity cost… (other than I just wasted the past 6 years paying down a loan )

Thoughts? Someone talk some sense into me, please…[/quote]

I think it’s a good strategy.

If you can buy rental properties in a cheap area and the management is not too much trouble, or you enjoying doing it, go ahead and do it.

[Author]

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