Yes agreed, just learned today that HELOC’s are considered revolving charge accounts by FICO. So even if one is on the ball, has a good job, may still not be able to refi as FICO may be lowered without one being aware of it because of debt-to-income ratio. Many negative reinforcing cycles such as these, may create a reinforcing down cycle. How will the government collect more tax money with fewer people working?
Inflation is still pretty far away. IMO. No multiplier effect and wages stuck. Unemployment rising. Defaults rising.
Debt in a depression is a recipe for financial failure. If you’re not in a position where you have to buy a house, I would wait until there are a few positive trends in the market….like unemployment decreasing instead of increasing.
Inflation is still pretty far away. IMO. No multiplier effect and wages stuck. Unemployment rising. Defaults rising.
Debt in a depression is a recipe for financial failure. If you’re not in a position where you have to buy a house, I would wait until there are a few positive trends in the market….like unemployment decreasing instead of increasing.
Inflation is still pretty far away. IMO. No multiplier effect and wages stuck. Unemployment rising. Defaults rising.
Debt in a depression is a recipe for financial failure. If you’re not in a position where you have to buy a house, I would wait until there are a few positive trends in the market….like unemployment decreasing instead of increasing.
Inflation is still pretty far away. IMO. No multiplier effect and wages stuck. Unemployment rising. Defaults rising.
Debt in a depression is a recipe for financial failure. If you’re not in a position where you have to buy a house, I would wait until there are a few positive trends in the market….like unemployment decreasing instead of increasing.
Inflation is still pretty far away. IMO. No multiplier effect and wages stuck. Unemployment rising. Defaults rising.
Debt in a depression is a recipe for financial failure. If you’re not in a position where you have to buy a house, I would wait until there are a few positive trends in the market….like unemployment decreasing instead of increasing.
[quote]My theory is that rates will be low for the next 3-6 months and then inflation will take its toll and we will never be below 7% again – and likely spend many years in 9-10 range.[/quote]
Just imagine what those rates and a battered economy will do to your comps!
[quote]My theory is that rates will be low for the next 3-6 months and then inflation will take its toll and we will never be below 7% again – and likely spend many years in 9-10 range.[/quote]
Just imagine what those rates and a battered economy will do to your comps!
[quote]My theory is that rates will be low for the next 3-6 months and then inflation will take its toll and we will never be below 7% again – and likely spend many years in 9-10 range.[/quote]
Just imagine what those rates and a battered economy will do to your comps!
[quote]My theory is that rates will be low for the next 3-6 months and then inflation will take its toll and we will never be below 7% again – and likely spend many years in 9-10 range.[/quote]
Just imagine what those rates and a battered economy will do to your comps!
.
