[AK]

Ah yes, north of Olive near the “gun” streets (Remington, Winchester, etc.) And whaddya know, the model homes are showing up on Google Maps already.

I think it’s a pleasant enough location, quiet, nice climate … just that the houses are twice the size of anything else in the neighborhood.

[AK]

IIRC the only assumable conventional loans are (some) adjustable-rate mortgages, and I’d guess that different lenders and products would have different policies.

[AK]

IIRC the only assumable conventional loans are (some) adjustable-rate mortgages, and I’d guess that different lenders and products would have different policies.

[AK]

IIRC the only assumable conventional loans are (some) adjustable-rate mortgages, and I’d guess that different lenders and products would have different policies.

[AK]

IIRC the only assumable conventional loans are (some) adjustable-rate mortgages, and I’d guess that different lenders and products would have different policies.

[AK]

IIRC the only assumable conventional loans are (some) adjustable-rate mortgages, and I’d guess that different lenders and products would have different policies.

[AK]

Yeah I remember when I was a kid, real estate listings often touted VA/FHA assumable loans and so forth. I got the impression it was a big selling point, especially in the early ’80s when rates were in the high teens.

I did some quick calcs last night … on a 30-year fixed, if rates go up 100 basis points, monthly payments will go up about 10%. Combine that with the lower cost and relative ease of assuming the loan and you’d have a real selling point.

I see it as a short-term hedge against declining market conditions … if for some reason you had to sell in the first 5-6 years, I’d guess you could get out unscathed even in the face of a 10% decline.

[AK]

Yeah I remember when I was a kid, real estate listings often touted VA/FHA assumable loans and so forth. I got the impression it was a big selling point, especially in the early ’80s when rates were in the high teens.

I did some quick calcs last night … on a 30-year fixed, if rates go up 100 basis points, monthly payments will go up about 10%. Combine that with the lower cost and relative ease of assuming the loan and you’d have a real selling point.

I see it as a short-term hedge against declining market conditions … if for some reason you had to sell in the first 5-6 years, I’d guess you could get out unscathed even in the face of a 10% decline.

[AK]

Yeah I remember when I was a kid, real estate listings often touted VA/FHA assumable loans and so forth. I got the impression it was a big selling point, especially in the early ’80s when rates were in the high teens.

I did some quick calcs last night … on a 30-year fixed, if rates go up 100 basis points, monthly payments will go up about 10%. Combine that with the lower cost and relative ease of assuming the loan and you’d have a real selling point.

I see it as a short-term hedge against declining market conditions … if for some reason you had to sell in the first 5-6 years, I’d guess you could get out unscathed even in the face of a 10% decline.

[AK]

Yeah I remember when I was a kid, real estate listings often touted VA/FHA assumable loans and so forth. I got the impression it was a big selling point, especially in the early ’80s when rates were in the high teens.

I did some quick calcs last night … on a 30-year fixed, if rates go up 100 basis points, monthly payments will go up about 10%. Combine that with the lower cost and relative ease of assuming the loan and you’d have a real selling point.

I see it as a short-term hedge against declining market conditions … if for some reason you had to sell in the first 5-6 years, I’d guess you could get out unscathed even in the face of a 10% decline.

[AK]

Yeah I remember when I was a kid, real estate listings often touted VA/FHA assumable loans and so forth. I got the impression it was a big selling point, especially in the early ’80s when rates were in the high teens.

I did some quick calcs last night … on a 30-year fixed, if rates go up 100 basis points, monthly payments will go up about 10%. Combine that with the lower cost and relative ease of assuming the loan and you’d have a real selling point.

I see it as a short-term hedge against declining market conditions … if for some reason you had to sell in the first 5-6 years, I’d guess you could get out unscathed even in the face of a 10% decline.

[AK]

[quote=snail]in 5 years, 90% of the new car will have this feature.[/quote]

And that scares the crap out of me 🙂

[quote=snail]Currently most of advanced tactical fighter have fly by wire system.[/quote]

And a lot of commercial jetliners have fly-by-wire and glass-cockpit systems. I think there are a few important differences … Aircraft fly-by-wire systems have either quadruple redundancy or mechanical backup systems, and must pass extensive certification testing by the FAA and similar agencies. Automotive fly-by-wire systems are tested by … the manufacturer. As we’ve seen it takes major, obvious problems to get the NHTSA involved.

And the way I see it, aircraft fly-by-wire systems replace complex and trouble-prone mechanical or hydraulic control systems. Automotive drive-by-wire systems replace a simple, trouble-free mechanical throttle linkage with a complex, untested “black box” system. I don’t see a compelling advantage, at least for conventional powertrains.

Then again, maybe I’m just getting old 🙂

[AK]

[quote=snail]in 5 years, 90% of the new car will have this feature.[/quote]

And that scares the crap out of me 🙂

[quote=snail]Currently most of advanced tactical fighter have fly by wire system.[/quote]

And a lot of commercial jetliners have fly-by-wire and glass-cockpit systems. I think there are a few important differences … Aircraft fly-by-wire systems have either quadruple redundancy or mechanical backup systems, and must pass extensive certification testing by the FAA and similar agencies. Automotive fly-by-wire systems are tested by … the manufacturer. As we’ve seen it takes major, obvious problems to get the NHTSA involved.

And the way I see it, aircraft fly-by-wire systems replace complex and trouble-prone mechanical or hydraulic control systems. Automotive drive-by-wire systems replace a simple, trouble-free mechanical throttle linkage with a complex, untested “black box” system. I don’t see a compelling advantage, at least for conventional powertrains.

Then again, maybe I’m just getting old 🙂

[AK]

[quote=snail]in 5 years, 90% of the new car will have this feature.[/quote]

And that scares the crap out of me 🙂

[quote=snail]Currently most of advanced tactical fighter have fly by wire system.[/quote]

And a lot of commercial jetliners have fly-by-wire and glass-cockpit systems. I think there are a few important differences … Aircraft fly-by-wire systems have either quadruple redundancy or mechanical backup systems, and must pass extensive certification testing by the FAA and similar agencies. Automotive fly-by-wire systems are tested by … the manufacturer. As we’ve seen it takes major, obvious problems to get the NHTSA involved.

And the way I see it, aircraft fly-by-wire systems replace complex and trouble-prone mechanical or hydraulic control systems. Automotive drive-by-wire systems replace a simple, trouble-free mechanical throttle linkage with a complex, untested “black box” system. I don’t see a compelling advantage, at least for conventional powertrains.

Then again, maybe I’m just getting old 🙂

[AK]

[quote=snail]in 5 years, 90% of the new car will have this feature.[/quote]

And that scares the crap out of me 🙂

[quote=snail]Currently most of advanced tactical fighter have fly by wire system.[/quote]

And a lot of commercial jetliners have fly-by-wire and glass-cockpit systems. I think there are a few important differences … Aircraft fly-by-wire systems have either quadruple redundancy or mechanical backup systems, and must pass extensive certification testing by the FAA and similar agencies. Automotive fly-by-wire systems are tested by … the manufacturer. As we’ve seen it takes major, obvious problems to get the NHTSA involved.

And the way I see it, aircraft fly-by-wire systems replace complex and trouble-prone mechanical or hydraulic control systems. Automotive drive-by-wire systems replace a simple, trouble-free mechanical throttle linkage with a complex, untested “black box” system. I don’t see a compelling advantage, at least for conventional powertrains.

Then again, maybe I’m just getting old 🙂

[Author]

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