[Ash Housewares]

Another strange one: This Realtor drove his golf cart over a cliff. Might as well go out in style.
http://news.yahoo.com/s/ap/20070522/ap_on_re_us/golf_cart_plunge;_ylt=ArAH4jpMFrR7b5m6YynkRe3MWM0F

[Ash Housewares]

The fence is an opportunity for politicos to get a good photo op, nothing more. Do you really think that people desperate enough to risk death crossing miles and miles of desert are going to be turned back by a fence? Hell no. They’ll be constantly digging under it, tearing it down, etc. It’s just there as a political statement. You have to crack down on the employers offering them jobs.

[Ash Housewares]

The fence is an opportunity for politicos to get a good photo op, nothing more. Do you really think that people desperate enough to risk death crossing miles and miles of desert are going to be turned back by a fence? Hell no. They’ll be constantly digging under it, tearing it down, etc. It’s just there as a political statement. You have to crack down on the employers offering them jobs.

[Ash Housewares]

Does the house come with a skeleton key?

[Ash Housewares]

Does the house come with a skeleton key?

[Ash Housewares]

Ozzie, the question is valid regardless of the sum involved. The same ideas can be employed whether the sum is 1,000 or 10,000,000. Don’t jump at a guy’s throat for asking advice from the intelligent Piggingtons.

[Ash Housewares]

Ozzie, the question is valid regardless of the sum involved. The same ideas can be employed whether the sum is 1,000 or 10,000,000. Don’t jump at a guy’s throat for asking advice from the intelligent Piggingtons.

[Ash Housewares]

When the volume of sales declines in cheap areas and remains steady in expensive areas, the mix of homes sold shifts toward the high end. Consequently, the overall median can go up, even while price in all areas declines.

[Ash Housewares]

When the volume of sales declines in cheap areas and remains steady in expensive areas, the mix of homes sold shifts toward the high end. Consequently, the overall median can go up, even while price in all areas declines.

[Ash Housewares]

Really, how on earth can they say “Essentially, we see that the existing-home market is stabilizing” and “the worst is behind us” when their own statistics show the decline is accelerating?

I understand they want to put a positive spin on things (I would too if my paycheck depended on it), but these statements are completely baseless. How can they legally say these things?

[Ash Housewares]

E2, you said “if we find something that we like and is not totally insane as far as the payments go then we will go ahead and buy. Based on history, I can’t imagine a house that we buy now will be worth less in 20 years.”

That may be true, but it doesn’t mean that it is a good investment. Look at the opportunity cost of all the investments you will miss in those 20 years because you’re making a big monthly mortgage payment.

It sounds like other factors are more important to you (i.e., settling down, raising family) so this may not matter to you. I wish you the best of luck and hope you’re happy with your purchase. Just know that, at least financially, it is not a wise move at this point in time.

[Ash Housewares]

Speaking of rationality in the stock market, there is a great article on MSN today on this topic. Basically what it says is that the bears are technically correct, but they’re still taking it in the pants because they overestimate the rationality of Wall Street. Here’s the link:
http://articles.moneycentral.msn.com/Investing/JubaksJournal/ForBearsBeingRightStillHurts.aspx

[Ash Housewares]

“Maybe they won’t lower rates in attemp to save housing (and have it not work) because they know the dollar will get crushed.”

I’m not convinced they care about saving the dollar. Inflation is a debtors best friend. Get ready for $30,000 Honda Civics and $45,000 Accords.

[Ash Housewares]

Thanks SHILOH. You saved me from having to dig up a source.

[Ash Housewares]

I wouldn’t hesitate to purchase with a GRM of even 200. This number is the “rule of thumb” for fairly valued homes. It comes from the 6% return you can get with relatively little risk in bonds. 1/.06=16.67, 16.67*12months = 200.

Using this rule, $430,000 is the upper limit of “fair value” based on $2150 monthly rent.

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