[an]

[quote=scaredyclassic][quote=an][quote=scaredyclassic]Lots of species are going extinct quickly. Why not us?[/quote]
Darwin[/quote]

If the earth were real estate, and we were tenants, the landlord would have evicted our shitty selves generations ago . We are like tenants ehobsetvupnavmethblab in the kitchen and crap in the front yard[/quote]
We’re tenant living in CA

[an]

[quote=scaredyclassic]Lots of species are going extinct quickly. Why not us?[/quote]
Darwin

[an]

[quote=flyer]With even greater sadness, regardless of how much we all have or don’t have, if the planet goes, so do we.[/quote]
If the meteor that took out the dinosaur didn’t destroy the planet, I’m certain we can’t destroy the planet as badly as the meteor did.

[an]

[quote=svelte][quote=an]Wonder when the inflation fight will be over. It’s transitory, right?[/quote]

You’re implying it’ll be a while and I think you are right.

Interest rates may indeed go low again but I bet it will take a few years. Just my opinion.

This sure feels like a replay of the 1970s even with OPEC ratcheting down production. History doesn’t repeat itself but it rhymes.[/quote]
That’s exactly what I’m thinking. Nominal house prices went berserk in the 70s. Will we see the same this time?

Unless we see a recession worse than 2008 and rates crater back to an all-time low. If that happens, I hope you have cash on hand and a job to benefit from cratering price and cratering rate.

[an]

20% decline from crazy peak. If you’re the lucky few to sold and rented this past Spring, then you booked the gain and will reap the reward of the decline. However, for most people who didn’t sell, the nominal price is still higher than it was this time last year. So, we only wipe out the abnormal gain.

Now, if you’re a first-time home buyer who started looking a year ago, it’s a lot more expensive to buy now than it did this time last year and even spring of this year (due to rates, although haven’t run the exact numbers.

Unless rates crash back to where they were this time last year, prices would have to crash another 30-40% just to get back to the same PITI.

[an]

Wonder when the inflation fight will be over. It’s transitory, right?

[an]

Everything in life is a gamble.

[an]

[quote=scaredyclassic]Being vegan does not mean eating only greens.[/quote]
Strawman

[an]

Same for us JPJones. I have been refinancing every time I can save 1/8-1/4%. My last time was late last year, so I got pretty close to the absolute bottom. Now that I’ve locked in my living expenses for the next 30 years, I can rest easy. The higher inflation goes, the better I feel. Especially if inflation stays transitory.

[an]

[quote=scaredyclassic][quote=an][quote=scaredyclassic][quote=an][quote=scaredyclassic]So basically at the end of the day, if you could pay your house off and don’t, you refi and have a pile of money to gamble with at 2-3 perc interest.[/quote]
uh… no[/quote]

ok. a pile of money to “invest” and hopefully beat the 2.5% you have to pay, really 3.0 percent return before taxes. a couple negatvie years and you will be a long time coming back at a small interest rate differential arbitrage.[/quote]
History said no. Not hoping but historical data.[/quote]

history?

past results do not predict future returns.[/quote]Who said future returns… I’m talking about past results. You’re just moving the goal post.

Also, what about all the people who don’t have 500k last year, but was able to locked in at <3% for 30 years to buy their first home?

Or, what about people who were at 4-5% and refi to lock in at <3%? Take all the $ they save and buy a 5years CD today?

[an]

[quote=scaredyclassic][quote=an][quote=scaredyclassic]So basically at the end of the day, if you could pay your house off and don’t, you refi and have a pile of money to gamble with at 2-3 perc interest.[/quote]
uh… no[/quote]

ok. a pile of money to “invest” and hopefully beat the 2.5% you have to pay, really 3.0 percent return before taxes. a couple negatvie years and you will be a long time coming back at a small interest rate differential arbitrage.[/quote]
History said no. Not hoping but historical data.

[an]

[quote=scaredyclassic][quote=an]the thought of having to only eat green makes me want to vomit[/quote]

have some beans and rice. you’ll not vomit.
In fact, unlike the steak, it won’t hurt your colon.[/quote]
Last I check, rice is not green. I do eat some greens though because I know my body needs it, even if I want to throw up at every bite. That’s why we evolved to be omnivores.

[an]

[quote=scaredyclassic]So basically at the end of the day, if you could pay your house off and don’t, you refi and have a pile of money to gamble with at 2-3 perc interest.[/quote]
uh… no

[an]

the thought of having to only eat green makes me want to vomit

[an]

[quote=scaredyclassic][quote=an][quote=scaredyclassic]ok, but what about the years when interest was zero or close to it. if the money was sitting around waiting for this arbitrage, you were losing money for it sitting in a checking account waiting for this opportunity.[/quote]
Who said it was sitting in a checking account doing nothing? There are many places you can invest. More real estates or the stock market. How much has rent gone up over the last couple of years?[/quote]

You can lose money too, waiting for interest arbitrage opportunity.[/quote]
Of course you could… but we’re talking about hindsight here.

You would lose money if you didn’t refi to a lower rate.

You would lose money if you got scared and didn’t buy your primary home and continue to rent.

You could lose money…

[Author]

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