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Participantsdr,
I know what interest rates look like now. I also know what interest rates look like after the lenders and investors get hammered for a few years, ’cause I’ve seen it up close. How many good loans do you suppose a lender has to make in order to break even after a single $200k loss on a foreclosure?
By the time this thing is is over I think we’ll be lucky if the interest rates are below 7%. It’s not that hard to imagine an 8% mortgage interest rate. We’ve been past 10% before and based on my memory of what was going on at the time I’m seeing a lot of similarities between then and now.
Participantsdr,
I know what interest rates look like now. I also know what interest rates look like after the lenders and investors get hammered for a few years, ’cause I’ve seen it up close. How many good loans do you suppose a lender has to make in order to break even after a single $200k loss on a foreclosure?
By the time this thing is is over I think we’ll be lucky if the interest rates are below 7%. It’s not that hard to imagine an 8% mortgage interest rate. We’ve been past 10% before and based on my memory of what was going on at the time I’m seeing a lot of similarities between then and now.
Participantsdr,
I know what interest rates look like now. I also know what interest rates look like after the lenders and investors get hammered for a few years, ’cause I’ve seen it up close. How many good loans do you suppose a lender has to make in order to break even after a single $200k loss on a foreclosure?
By the time this thing is is over I think we’ll be lucky if the interest rates are below 7%. It’s not that hard to imagine an 8% mortgage interest rate. We’ve been past 10% before and based on my memory of what was going on at the time I’m seeing a lot of similarities between then and now.
Participantsdr,
I know what interest rates look like now. I also know what interest rates look like after the lenders and investors get hammered for a few years, ’cause I’ve seen it up close. How many good loans do you suppose a lender has to make in order to break even after a single $200k loss on a foreclosure?
By the time this thing is is over I think we’ll be lucky if the interest rates are below 7%. It’s not that hard to imagine an 8% mortgage interest rate. We’ve been past 10% before and based on my memory of what was going on at the time I’m seeing a lot of similarities between then and now.
ParticipantSaying “it’s a waste of money” is the equivalent of looking for the silver lining in the cloud – that would be the best case scenario. It’s really worse than a waste of money.
In addition to the money we lose directly by throwing it at the sinking boat, we also lose more indirectly via the prolonged losses in the general economy.
ParticipantSaying “it’s a waste of money” is the equivalent of looking for the silver lining in the cloud – that would be the best case scenario. It’s really worse than a waste of money.
In addition to the money we lose directly by throwing it at the sinking boat, we also lose more indirectly via the prolonged losses in the general economy.
ParticipantSaying “it’s a waste of money” is the equivalent of looking for the silver lining in the cloud – that would be the best case scenario. It’s really worse than a waste of money.
In addition to the money we lose directly by throwing it at the sinking boat, we also lose more indirectly via the prolonged losses in the general economy.
ParticipantSaying “it’s a waste of money” is the equivalent of looking for the silver lining in the cloud – that would be the best case scenario. It’s really worse than a waste of money.
In addition to the money we lose directly by throwing it at the sinking boat, we also lose more indirectly via the prolonged losses in the general economy.
ParticipantSaying “it’s a waste of money” is the equivalent of looking for the silver lining in the cloud – that would be the best case scenario. It’s really worse than a waste of money.
In addition to the money we lose directly by throwing it at the sinking boat, we also lose more indirectly via the prolonged losses in the general economy.
ParticipantI’ve been inside some of the homes at all of these projects whilst they were in construction, so you can take my opinion for what little it’s worth.
If it was my money, I’d go with the homes in the Covenant area or possibly Fairbanks or the RSF Farms area. I don’t think all the wannabe areas will hold up as well over the long term. They certainly won’t do as well over the next 5 years.
Then again, I’m not a golfer and I don’t consider having a golf course in my back yard to be a plus. If I was a golfer then the Crosby or The Bridges might interest me more.
Different strokes. I still think Raptorduck would like The Bridges better than the Crosby. I know I do.
ParticipantI’ve been inside some of the homes at all of these projects whilst they were in construction, so you can take my opinion for what little it’s worth.
If it was my money, I’d go with the homes in the Covenant area or possibly Fairbanks or the RSF Farms area. I don’t think all the wannabe areas will hold up as well over the long term. They certainly won’t do as well over the next 5 years.
Then again, I’m not a golfer and I don’t consider having a golf course in my back yard to be a plus. If I was a golfer then the Crosby or The Bridges might interest me more.
Different strokes. I still think Raptorduck would like The Bridges better than the Crosby. I know I do.
ParticipantI’ve been inside some of the homes at all of these projects whilst they were in construction, so you can take my opinion for what little it’s worth.
If it was my money, I’d go with the homes in the Covenant area or possibly Fairbanks or the RSF Farms area. I don’t think all the wannabe areas will hold up as well over the long term. They certainly won’t do as well over the next 5 years.
Then again, I’m not a golfer and I don’t consider having a golf course in my back yard to be a plus. If I was a golfer then the Crosby or The Bridges might interest me more.
Different strokes. I still think Raptorduck would like The Bridges better than the Crosby. I know I do.
ParticipantI’ve been inside some of the homes at all of these projects whilst they were in construction, so you can take my opinion for what little it’s worth.
If it was my money, I’d go with the homes in the Covenant area or possibly Fairbanks or the RSF Farms area. I don’t think all the wannabe areas will hold up as well over the long term. They certainly won’t do as well over the next 5 years.
Then again, I’m not a golfer and I don’t consider having a golf course in my back yard to be a plus. If I was a golfer then the Crosby or The Bridges might interest me more.
Different strokes. I still think Raptorduck would like The Bridges better than the Crosby. I know I do.
ParticipantI’ve been inside some of the homes at all of these projects whilst they were in construction, so you can take my opinion for what little it’s worth.
If it was my money, I’d go with the homes in the Covenant area or possibly Fairbanks or the RSF Farms area. I don’t think all the wannabe areas will hold up as well over the long term. They certainly won’t do as well over the next 5 years.
Then again, I’m not a golfer and I don’t consider having a golf course in my back yard to be a plus. If I was a golfer then the Crosby or The Bridges might interest me more.
Different strokes. I still think Raptorduck would like The Bridges better than the Crosby. I know I do.
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