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  • January 4, 2009 at 8:14 PM #324278
    moneymaker
    Participant

    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?

    January 4, 2009 at 9:09 PM #323809
    peterb
    Participant

    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.

    January 4, 2009 at 9:09 PM #324144
    peterb
    Participant

    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.

    January 4, 2009 at 9:09 PM #324211
    peterb
    Participant

    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.

    January 4, 2009 at 9:09 PM #324227
    peterb
    Participant

    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.

    January 4, 2009 at 9:09 PM #324308
    peterb
    Participant

    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.

    January 4, 2009 at 9:45 PM #323828
    urbanrealtor
    Participant

    Isn’t “waiting for bottom” the name of a movie?

    January 4, 2009 at 9:45 PM #324164
    urbanrealtor
    Participant

    Isn’t “waiting for bottom” the name of a movie?

    January 4, 2009 at 9:45 PM #324231
    urbanrealtor
    Participant

    Isn’t “waiting for bottom” the name of a movie?

    January 4, 2009 at 9:45 PM #324247
    urbanrealtor
    Participant

    Isn’t “waiting for bottom” the name of a movie?

    January 4, 2009 at 9:45 PM #324327
    urbanrealtor
    Participant

    Isn’t “waiting for bottom” the name of a movie?

    January 4, 2009 at 9:50 PM #323843
    capeman
    Participant

    [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!

    January 4, 2009 at 9:50 PM #324179
    capeman
    Participant

    [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!

    January 4, 2009 at 9:50 PM #324246
    capeman
    Participant

    [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!

    January 4, 2009 at 9:50 PM #324262
    capeman
    Participant

    [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!

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