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October 5, 2022 at 10:41 AM in reply to: You folks that took out 30 year loans / refinances at 3% or lower…you’re banking now. #826773
an
Participant[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?October 5, 2022 at 10:22 AM in reply to: You folks that took out 30 year loans / refinances at 3% or lower…you’re banking now. #826771Participant[quote=scaredyclassic][quote=an][quote=scaredyclassic]Not worth it[/quote]
Any $ I can make for doing nothing is worth it for me.[/quote]Sure but this isn’t nothing. You have risk of interest rate going back down[/quote]Of course it’s nothing. All I had to do was sign some paper.
As for when rates go back down again, I’ll worry about it when that happens. I can always just pay off my loan, or not.
October 4, 2022 at 11:30 PM in reply to: You folks that took out 30 year loans / refinances at 3% or lower…you’re banking now. #826764ParticipantCD rate doesn’t make me salivate as much as the inflation rate. Transitory, right?
October 4, 2022 at 11:28 PM in reply to: You folks that took out 30 year loans / refinances at 3% or lower…you’re banking now. #826763Participant[quote=scaredyclassic]Not worth it[/quote]
Any $ I can make for doing nothing is worth it for me.Participant[quote=sdrealtor][quote=barnaby33]
Sellers digging in deeper and staying put locally
Wake me when we get to capitulation![/quote]
I’ll give you a guy when that guy does. Unfortunately it will only be that guy. Sub 3% mortgages are the new status symbol and a lot of people have em[/quote]
Dang, I can’t join that club.ParticipantOption 3. All day every day.
Participantsdr, sounds like your nephew has it figured out. I also agree that not everyone needs to get a 4 year degree. I wouldn’t count him out on hitting it big either. It all comes down to grit, drive, and continuously learning. I know an extremely bright guy who graduated from bootcamp after switching careers. Continuously learn and take risks. He’s now a CTO of a startup.
Participant[quote=XBoxBoy][quote=an]Seems like the next smart person who runs for president should say they’ll forgive another $10k in student loan AND $20k in mortgage AND $20k in car loan. That should get the majority to vote for you.[/quote]
One of the big questions I’ve been wondering is just how effective this hand out will be to get votes. Probably a lot of the people who will benefit from this will vote democratic already. Is this handout an effective way to get people to vote? I have my doubts. If nothing else, Trump showed me how effective anger and rage are at getting people to show up at the polls and to vote. I’m not so sure people bother to show up after they’ve gotten the handout.[/quote]
We will never know… unless you decide to run and test this theory. Maybe add an extra 0 at the end for good measure. I would totally vote for you, regardless what party you run as.ParticipantSeems like the next smart person who runs for president should say they’ll forgive another $10k in student loan AND $20k in mortgage AND $20k in car loan. That should get the majority to vote for you.
ParticipantRough eye balling, I think we’re about 10-15 above this time last year in nominal price. Add in a massive increase in rates, the monthly payment is drastically higher today than this time last year. One lesson to learn over the last year is, nominal price doesn’t all at the same rate as interest rate increase, so if you’re borrowing to buy a house, lower price doesn’t always mean lower monthly payment.
August 19, 2022 at 1:36 PM in reply to: Megadrought Threatens California Power Blackouts This Summer #826601ParticipantEvolution suck. Damn you science.
August 19, 2022 at 12:18 AM in reply to: Megadrought Threatens California Power Blackouts This Summer #826599ParticipantNuclear war killing off 1/2 of the earth population and the other 1/2 experience a depression worst than a great depression will solve it. We all could go back to mud hut and farm for our own food. Hunter and gatherer roots.
August 12, 2022 at 11:21 PM in reply to: BULLISH: new SD MLS listings down 20.8% YoY; July CPI-U inflation is 0% #826566ParticipantHere’s the historical data. By your logic, the great depression was also transitory. Stagflation in the 70s lasted for only 5 years, so I guess that was transitory too.
August 12, 2022 at 2:16 PM in reply to: BULLISH: new SD MLS listings down 20.8% YoY; July CPI-U inflation is 0% #826564Participant[quote=gzz]PPI: negative in July
Inflation is TRANSITORY, except maybe rents and certain commodities where supply is physically restricted.
Rents and energy share something else in common: hostile government regulation is driving down investment in new supply.[/quote]
If you consider over a year as transitory, then I guess all inflations and deflations are transitory. Since it always stop eventually. -
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