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barnaby33Participantcoop, Helicopter Boy can only lower rates 3 more basis points; I think you meant 300 basis points, or 3%. The FED doesn’t set interest rates. It follows credit demand. All Bernanke is saying is that nobody has any collateral that banks will lend against at this point.
Rustico, there are lots of reasons why thats a dangerous ploy. For one CC rates aren’t fixed and can be changed at any time for almost any reason. Two high interest rates on loans and lower prices are a win for first time buyers and those with large down payments (savers). The FED can lower interest rates all it wants at this point, mortgage rates will go up to compensate for risk past and future. Long term obligations should if possible be financed with long term debt. If not you are playing arbitrage, which is just a fancy word for gambling.
Ultimately JWM has it right. House prices are going to continue to decline for the next few years and if you buy now, even at a low interest rate, you are a sucker.
Josh
barnaby33Participantcoop, Helicopter Boy can only lower rates 3 more basis points; I think you meant 300 basis points, or 3%. The FED doesn’t set interest rates. It follows credit demand. All Bernanke is saying is that nobody has any collateral that banks will lend against at this point.
Rustico, there are lots of reasons why thats a dangerous ploy. For one CC rates aren’t fixed and can be changed at any time for almost any reason. Two high interest rates on loans and lower prices are a win for first time buyers and those with large down payments (savers). The FED can lower interest rates all it wants at this point, mortgage rates will go up to compensate for risk past and future. Long term obligations should if possible be financed with long term debt. If not you are playing arbitrage, which is just a fancy word for gambling.
Ultimately JWM has it right. House prices are going to continue to decline for the next few years and if you buy now, even at a low interest rate, you are a sucker.
Josh
barnaby33ParticipantGotta disagree with you on that Kev. Part of the coming shit storm is that people will find it very difficult to walk away from their debts. The corollary problem is that you can’t squeeze money out of people that they don’t have.
Debt/bankruptcy reform back towards the pre 05 standard should happen fairly quickly.
Josh
barnaby33ParticipantGotta disagree with you on that Kev. Part of the coming shit storm is that people will find it very difficult to walk away from their debts. The corollary problem is that you can’t squeeze money out of people that they don’t have.
Debt/bankruptcy reform back towards the pre 05 standard should happen fairly quickly.
Josh
barnaby33ParticipantGotta disagree with you on that Kev. Part of the coming shit storm is that people will find it very difficult to walk away from their debts. The corollary problem is that you can’t squeeze money out of people that they don’t have.
Debt/bankruptcy reform back towards the pre 05 standard should happen fairly quickly.
Josh
barnaby33ParticipantGotta disagree with you on that Kev. Part of the coming shit storm is that people will find it very difficult to walk away from their debts. The corollary problem is that you can’t squeeze money out of people that they don’t have.
Debt/bankruptcy reform back towards the pre 05 standard should happen fairly quickly.
Josh
barnaby33ParticipantGotta disagree with you on that Kev. Part of the coming shit storm is that people will find it very difficult to walk away from their debts. The corollary problem is that you can’t squeeze money out of people that they don’t have.
Debt/bankruptcy reform back towards the pre 05 standard should happen fairly quickly.
Josh
barnaby33ParticipantNever ask a barber if you need a haircut, the answer is always the same.
Josh
barnaby33ParticipantNever ask a barber if you need a haircut, the answer is always the same.
Josh
barnaby33ParticipantNever ask a barber if you need a haircut, the answer is always the same.
Josh
barnaby33ParticipantNever ask a barber if you need a haircut, the answer is always the same.
Josh
barnaby33ParticipantNever ask a barber if you need a haircut, the answer is always the same.
Josh
barnaby33ParticipantI interviewed there (accredited) 2 years ago. Seemed like a sweatshop. Its never a good sign when everyone that interviews you has an Indian accent. Since they were acquired by Loanstar in a buyout I can’t imagine they’ve been hiring.
On another note, my company is hiring, we are a small web design firm specializing in FLEX based websites. Although I am a Java developer they are hiring for both.
Josh
barnaby33ParticipantI interviewed there (accredited) 2 years ago. Seemed like a sweatshop. Its never a good sign when everyone that interviews you has an Indian accent. Since they were acquired by Loanstar in a buyout I can’t imagine they’ve been hiring.
On another note, my company is hiring, we are a small web design firm specializing in FLEX based websites. Although I am a Java developer they are hiring for both.
Josh
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