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January 8, 2008 at 10:21 AM in reply to: 12 month CD with 7% APY .. how far true in this crunch time #131667January 8, 2008 at 10:21 AM in reply to: 12 month CD with 7% APY .. how far true in this crunch time #131850
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ParticipantI don’t see why it’s so bad – do you know somewhere else you can get a guaranteed 7% return on your money, FDIC insured in 12 months?
Sure it’s only $1000, but that’s better than a kick in the face.
What are the requirements for membership though?
January 8, 2008 at 10:21 AM in reply to: 12 month CD with 7% APY .. how far true in this crunch time #131857ParticipantI don’t see why it’s so bad – do you know somewhere else you can get a guaranteed 7% return on your money, FDIC insured in 12 months?
Sure it’s only $1000, but that’s better than a kick in the face.
What are the requirements for membership though?
January 8, 2008 at 10:21 AM in reply to: 12 month CD with 7% APY .. how far true in this crunch time #131920ParticipantI don’t see why it’s so bad – do you know somewhere else you can get a guaranteed 7% return on your money, FDIC insured in 12 months?
Sure it’s only $1000, but that’s better than a kick in the face.
What are the requirements for membership though?
January 8, 2008 at 10:21 AM in reply to: 12 month CD with 7% APY .. how far true in this crunch time #131954ParticipantI don’t see why it’s so bad – do you know somewhere else you can get a guaranteed 7% return on your money, FDIC insured in 12 months?
Sure it’s only $1000, but that’s better than a kick in the face.
What are the requirements for membership though?
ParticipantThe LISTED prices may be propped up, but are they selling?
A lot of people get bent when a house is over-priced but that doesn’t mean it’s going to sell.
Patience my friend. If you think it’s overpriced but want to buy, offer less. If they say, no walk away.
If foreclsoures are able to keep prices artificially high, it will only lead to a more significant drop the month or two after we hear the NAR celebrate and say “the worst is over, if you didn’t buy last month you’ll never see these prices again.” Until the next month when they’re even lower.
ParticipantThe LISTED prices may be propped up, but are they selling?
A lot of people get bent when a house is over-priced but that doesn’t mean it’s going to sell.
Patience my friend. If you think it’s overpriced but want to buy, offer less. If they say, no walk away.
If foreclsoures are able to keep prices artificially high, it will only lead to a more significant drop the month or two after we hear the NAR celebrate and say “the worst is over, if you didn’t buy last month you’ll never see these prices again.” Until the next month when they’re even lower.
ParticipantThe LISTED prices may be propped up, but are they selling?
A lot of people get bent when a house is over-priced but that doesn’t mean it’s going to sell.
Patience my friend. If you think it’s overpriced but want to buy, offer less. If they say, no walk away.
If foreclsoures are able to keep prices artificially high, it will only lead to a more significant drop the month or two after we hear the NAR celebrate and say “the worst is over, if you didn’t buy last month you’ll never see these prices again.” Until the next month when they’re even lower.
ParticipantThe LISTED prices may be propped up, but are they selling?
A lot of people get bent when a house is over-priced but that doesn’t mean it’s going to sell.
Patience my friend. If you think it’s overpriced but want to buy, offer less. If they say, no walk away.
If foreclsoures are able to keep prices artificially high, it will only lead to a more significant drop the month or two after we hear the NAR celebrate and say “the worst is over, if you didn’t buy last month you’ll never see these prices again.” Until the next month when they’re even lower.
ParticipantThe LISTED prices may be propped up, but are they selling?
A lot of people get bent when a house is over-priced but that doesn’t mean it’s going to sell.
Patience my friend. If you think it’s overpriced but want to buy, offer less. If they say, no walk away.
If foreclsoures are able to keep prices artificially high, it will only lead to a more significant drop the month or two after we hear the NAR celebrate and say “the worst is over, if you didn’t buy last month you’ll never see these prices again.” Until the next month when they’re even lower.
ParticipantAs far as the delflationary effects of globalization, I think we have passed the point where that will drive CPI down.
Globalization helped when the dollar was strong. Now the China RMB has gained 10% on the dollar in the last year, and that’s w/o the VAT.
It will take a few more months before that hits retail prices, but it will. India is gaining value over us too. About the only places that aren’t right now are arguably Japan and Taiwan.
Core inflation is a joke, and everything else here (health care, services, education, materials) are sky rocketing.
Inflation numbers are manipulated to make wall street feel like the net GDP numbers are okay.
ParticipantAs far as the delflationary effects of globalization, I think we have passed the point where that will drive CPI down.
Globalization helped when the dollar was strong. Now the China RMB has gained 10% on the dollar in the last year, and that’s w/o the VAT.
It will take a few more months before that hits retail prices, but it will. India is gaining value over us too. About the only places that aren’t right now are arguably Japan and Taiwan.
Core inflation is a joke, and everything else here (health care, services, education, materials) are sky rocketing.
Inflation numbers are manipulated to make wall street feel like the net GDP numbers are okay.
ParticipantAs far as the delflationary effects of globalization, I think we have passed the point where that will drive CPI down.
Globalization helped when the dollar was strong. Now the China RMB has gained 10% on the dollar in the last year, and that’s w/o the VAT.
It will take a few more months before that hits retail prices, but it will. India is gaining value over us too. About the only places that aren’t right now are arguably Japan and Taiwan.
Core inflation is a joke, and everything else here (health care, services, education, materials) are sky rocketing.
Inflation numbers are manipulated to make wall street feel like the net GDP numbers are okay.
ParticipantAs far as the delflationary effects of globalization, I think we have passed the point where that will drive CPI down.
Globalization helped when the dollar was strong. Now the China RMB has gained 10% on the dollar in the last year, and that’s w/o the VAT.
It will take a few more months before that hits retail prices, but it will. India is gaining value over us too. About the only places that aren’t right now are arguably Japan and Taiwan.
Core inflation is a joke, and everything else here (health care, services, education, materials) are sky rocketing.
Inflation numbers are manipulated to make wall street feel like the net GDP numbers are okay.
ParticipantAs far as the delflationary effects of globalization, I think we have passed the point where that will drive CPI down.
Globalization helped when the dollar was strong. Now the China RMB has gained 10% on the dollar in the last year, and that’s w/o the VAT.
It will take a few more months before that hits retail prices, but it will. India is gaining value over us too. About the only places that aren’t right now are arguably Japan and Taiwan.
Core inflation is a joke, and everything else here (health care, services, education, materials) are sky rocketing.
Inflation numbers are manipulated to make wall street feel like the net GDP numbers are okay.
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