[barnaby33]

Even 22/share seems high to me. Excluding one time boots from a sale didn’t yahoo post 2c a share profit last quarter?

Josh

[barnaby33]

Even 22/share seems high to me. Excluding one time boots from a sale didn’t yahoo post 2c a share profit last quarter?

Josh

[barnaby33]

Even 22/share seems high to me. Excluding one time boots from a sale didn’t yahoo post 2c a share profit last quarter?

Josh

[barnaby33]

A couple of your assumptions that I find unreasonable, first of all hyper inflation. This is a deflationary credit collapse, the inflation has already occurred.

Second the collapse of credit is making it harder to get loans, if you think that is going to change anytime soon, then we need to have a much more involved talk about, “who’s holding the sausage.”

Third if prices for basic staples, food, fuel, clothing keep increasing people will keep heading towards the cheapest option, especially but not limited to if they are unemployed. That means the ONLY way home prices will go up is if the option to own is cheaper than the option to rent. There may be a few exclusions but the mass of humanity will take an extremely narrow view of whats in its own best interest if times get tough.

Wage inflation is possible only if labor has the upper hand on capital, as it stands that just isn’t so. At least not in most fields. Maybe some highly skilled professions such as doctors, dare I even hope software engineers, will gain such traction. The majority of the population will not anytime soon.

As far as locking in a low interest rate, who wants that? High interest rates and low prices benefit non contingent buyers. If you can’t keep your job in those times you probably shouldn’t have bought the house.

Josh

[barnaby33]

A couple of your assumptions that I find unreasonable, first of all hyper inflation. This is a deflationary credit collapse, the inflation has already occurred.

Second the collapse of credit is making it harder to get loans, if you think that is going to change anytime soon, then we need to have a much more involved talk about, “who’s holding the sausage.”

Third if prices for basic staples, food, fuel, clothing keep increasing people will keep heading towards the cheapest option, especially but not limited to if they are unemployed. That means the ONLY way home prices will go up is if the option to own is cheaper than the option to rent. There may be a few exclusions but the mass of humanity will take an extremely narrow view of whats in its own best interest if times get tough.

Wage inflation is possible only if labor has the upper hand on capital, as it stands that just isn’t so. At least not in most fields. Maybe some highly skilled professions such as doctors, dare I even hope software engineers, will gain such traction. The majority of the population will not anytime soon.

As far as locking in a low interest rate, who wants that? High interest rates and low prices benefit non contingent buyers. If you can’t keep your job in those times you probably shouldn’t have bought the house.

Josh

[barnaby33]

A couple of your assumptions that I find unreasonable, first of all hyper inflation. This is a deflationary credit collapse, the inflation has already occurred.

Second the collapse of credit is making it harder to get loans, if you think that is going to change anytime soon, then we need to have a much more involved talk about, “who’s holding the sausage.”

Third if prices for basic staples, food, fuel, clothing keep increasing people will keep heading towards the cheapest option, especially but not limited to if they are unemployed. That means the ONLY way home prices will go up is if the option to own is cheaper than the option to rent. There may be a few exclusions but the mass of humanity will take an extremely narrow view of whats in its own best interest if times get tough.

Wage inflation is possible only if labor has the upper hand on capital, as it stands that just isn’t so. At least not in most fields. Maybe some highly skilled professions such as doctors, dare I even hope software engineers, will gain such traction. The majority of the population will not anytime soon.

As far as locking in a low interest rate, who wants that? High interest rates and low prices benefit non contingent buyers. If you can’t keep your job in those times you probably shouldn’t have bought the house.

Josh

[barnaby33]

A couple of your assumptions that I find unreasonable, first of all hyper inflation. This is a deflationary credit collapse, the inflation has already occurred.

Second the collapse of credit is making it harder to get loans, if you think that is going to change anytime soon, then we need to have a much more involved talk about, “who’s holding the sausage.”

Third if prices for basic staples, food, fuel, clothing keep increasing people will keep heading towards the cheapest option, especially but not limited to if they are unemployed. That means the ONLY way home prices will go up is if the option to own is cheaper than the option to rent. There may be a few exclusions but the mass of humanity will take an extremely narrow view of whats in its own best interest if times get tough.

Wage inflation is possible only if labor has the upper hand on capital, as it stands that just isn’t so. At least not in most fields. Maybe some highly skilled professions such as doctors, dare I even hope software engineers, will gain such traction. The majority of the population will not anytime soon.

As far as locking in a low interest rate, who wants that? High interest rates and low prices benefit non contingent buyers. If you can’t keep your job in those times you probably shouldn’t have bought the house.

Josh

[barnaby33]

A couple of your assumptions that I find unreasonable, first of all hyper inflation. This is a deflationary credit collapse, the inflation has already occurred.

Second the collapse of credit is making it harder to get loans, if you think that is going to change anytime soon, then we need to have a much more involved talk about, “who’s holding the sausage.”

Third if prices for basic staples, food, fuel, clothing keep increasing people will keep heading towards the cheapest option, especially but not limited to if they are unemployed. That means the ONLY way home prices will go up is if the option to own is cheaper than the option to rent. There may be a few exclusions but the mass of humanity will take an extremely narrow view of whats in its own best interest if times get tough.

Wage inflation is possible only if labor has the upper hand on capital, as it stands that just isn’t so. At least not in most fields. Maybe some highly skilled professions such as doctors, dare I even hope software engineers, will gain such traction. The majority of the population will not anytime soon.

As far as locking in a low interest rate, who wants that? High interest rates and low prices benefit non contingent buyers. If you can’t keep your job in those times you probably shouldn’t have bought the house.

Josh

[barnaby33]

Barring a nuclear strike on San Diego, a massive earthquake, a melt down at San Onofre, or a meteor strike on Del Mar it won’t happen.

grateful owner . . . .

Ahhh the smug self confidence of someone who hasn’t the slightest notion of what 9%+ interest rates would do to your homes value. There are no guarantees we’ll get there but if we do, look out below.

I noticed you have a 10 year IO loan, are you paying principle? Otherwise there is a good chance that that debt will become more onerous once deflation becomes more evident.

Josh

[barnaby33]

Barring a nuclear strike on San Diego, a massive earthquake, a melt down at San Onofre, or a meteor strike on Del Mar it won’t happen.

grateful owner . . . .

Ahhh the smug self confidence of someone who hasn’t the slightest notion of what 9%+ interest rates would do to your homes value. There are no guarantees we’ll get there but if we do, look out below.

I noticed you have a 10 year IO loan, are you paying principle? Otherwise there is a good chance that that debt will become more onerous once deflation becomes more evident.

Josh

[barnaby33]

Barring a nuclear strike on San Diego, a massive earthquake, a melt down at San Onofre, or a meteor strike on Del Mar it won’t happen.

grateful owner . . . .

Ahhh the smug self confidence of someone who hasn’t the slightest notion of what 9%+ interest rates would do to your homes value. There are no guarantees we’ll get there but if we do, look out below.

I noticed you have a 10 year IO loan, are you paying principle? Otherwise there is a good chance that that debt will become more onerous once deflation becomes more evident.

Josh

[barnaby33]

Barring a nuclear strike on San Diego, a massive earthquake, a melt down at San Onofre, or a meteor strike on Del Mar it won’t happen.

grateful owner . . . .

Ahhh the smug self confidence of someone who hasn’t the slightest notion of what 9%+ interest rates would do to your homes value. There are no guarantees we’ll get there but if we do, look out below.

I noticed you have a 10 year IO loan, are you paying principle? Otherwise there is a good chance that that debt will become more onerous once deflation becomes more evident.

Josh

[barnaby33]

Barring a nuclear strike on San Diego, a massive earthquake, a melt down at San Onofre, or a meteor strike on Del Mar it won’t happen.

grateful owner . . . .

Ahhh the smug self confidence of someone who hasn’t the slightest notion of what 9%+ interest rates would do to your homes value. There are no guarantees we’ll get there but if we do, look out below.

I noticed you have a 10 year IO loan, are you paying principle? Otherwise there is a good chance that that debt will become more onerous once deflation becomes more evident.

Josh

[barnaby33]

The problem with that theory is that you don’t stick with health insurance, unless its an individual policy. As you change employers you change policies. Going forward they are going to be more and more expensive and cover less and less.

If you have a family you are probably still better off sticking with the group policy but for those who are healthy, young or both, an individual catastrophic policy sounds like a better long term gamble. Its in the short term (while your HSA account is compounding that you run higher risk.)

Josh

[barnaby33]

The problem with that theory is that you don’t stick with health insurance, unless its an individual policy. As you change employers you change policies. Going forward they are going to be more and more expensive and cover less and less.

If you have a family you are probably still better off sticking with the group policy but for those who are healthy, young or both, an individual catastrophic policy sounds like a better long term gamble. Its in the short term (while your HSA account is compounding that you run higher risk.)

Josh

[Author]

Posts