[DWCAP]

Whenever I read crap like this I just remember that most of the people I knew with parent like her are usually the most fVcked up, unhappy people I know.

My first gf (white) had parents like this, she is now a porn star. I suppose if it really is all about the money then maybe she is successful, but I dont really think so. I doubt her ‘chinese’ mother does either.

[DWCAP]

Whenever I read crap like this I just remember that most of the people I knew with parent like her are usually the most fVcked up, unhappy people I know.

My first gf (white) had parents like this, she is now a porn star. I suppose if it really is all about the money then maybe she is successful, but I dont really think so. I doubt her ‘chinese’ mother does either.

[DWCAP]

[quote=CA renter]
Are you honestly going to tell me that we had a choice when all the bailouts (trillions of dollars, and we have yet to see all the damage!) were passed to protect — and grow! — the wealth of the robber barons who decimated our society?

No, we do not have a choice, and the elite are NOT held responsible for the damage they inflict on our society. [/quote]

Your complete and total abdication of any responsibility on the part of voters for all of this is stunning. Each and every citizen most certainly do have a choice, and it is called a vote. You are allowed to cast it every few years, and it is secret and totally your own.

Buisness can only buy politicans you elect. If we elect politicans who refuse to be bought, and toss out the ones who are bought, then buisness’s power is moot. However we, as a people, allow ourselves to buy into the lame labels and political brand names which are fundementally no different from one another. Last time I checked every bailout passed chambers controlled by both parties. Infact, the only chamber to ever say ‘no’ was the Republican led revolt in the house, and that lasted all of a few days until the Republican party leadership was able to scare the crap out of the people saying ‘no’ and change the votes.

Dont like the bailouts, the TARP, the housing bubble and the endless deficits? VOTE, and vote the people who vote FOR this crap out. That is your choice, and that is something that no buisness can take from you. No matter how much money they spend, no buiness in America today can take your vote from you. Sadly this is a choice we seem not to exercise very well/often. (tossing people out of office)

[DWCAP]

[quote=CA renter]
Are you honestly going to tell me that we had a choice when all the bailouts (trillions of dollars, and we have yet to see all the damage!) were passed to protect — and grow! — the wealth of the robber barons who decimated our society?

No, we do not have a choice, and the elite are NOT held responsible for the damage they inflict on our society. [/quote]

Your complete and total abdication of any responsibility on the part of voters for all of this is stunning. Each and every citizen most certainly do have a choice, and it is called a vote. You are allowed to cast it every few years, and it is secret and totally your own.

Buisness can only buy politicans you elect. If we elect politicans who refuse to be bought, and toss out the ones who are bought, then buisness’s power is moot. However we, as a people, allow ourselves to buy into the lame labels and political brand names which are fundementally no different from one another. Last time I checked every bailout passed chambers controlled by both parties. Infact, the only chamber to ever say ‘no’ was the Republican led revolt in the house, and that lasted all of a few days until the Republican party leadership was able to scare the crap out of the people saying ‘no’ and change the votes.

Dont like the bailouts, the TARP, the housing bubble and the endless deficits? VOTE, and vote the people who vote FOR this crap out. That is your choice, and that is something that no buisness can take from you. No matter how much money they spend, no buiness in America today can take your vote from you. Sadly this is a choice we seem not to exercise very well/often. (tossing people out of office)

[DWCAP]

[quote=CA renter]
Are you honestly going to tell me that we had a choice when all the bailouts (trillions of dollars, and we have yet to see all the damage!) were passed to protect — and grow! — the wealth of the robber barons who decimated our society?

No, we do not have a choice, and the elite are NOT held responsible for the damage they inflict on our society. [/quote]

Your complete and total abdication of any responsibility on the part of voters for all of this is stunning. Each and every citizen most certainly do have a choice, and it is called a vote. You are allowed to cast it every few years, and it is secret and totally your own.

Buisness can only buy politicans you elect. If we elect politicans who refuse to be bought, and toss out the ones who are bought, then buisness’s power is moot. However we, as a people, allow ourselves to buy into the lame labels and political brand names which are fundementally no different from one another. Last time I checked every bailout passed chambers controlled by both parties. Infact, the only chamber to ever say ‘no’ was the Republican led revolt in the house, and that lasted all of a few days until the Republican party leadership was able to scare the crap out of the people saying ‘no’ and change the votes.

Dont like the bailouts, the TARP, the housing bubble and the endless deficits? VOTE, and vote the people who vote FOR this crap out. That is your choice, and that is something that no buisness can take from you. No matter how much money they spend, no buiness in America today can take your vote from you. Sadly this is a choice we seem not to exercise very well/often. (tossing people out of office)

[DWCAP]

[quote=CA renter]
Are you honestly going to tell me that we had a choice when all the bailouts (trillions of dollars, and we have yet to see all the damage!) were passed to protect — and grow! — the wealth of the robber barons who decimated our society?

No, we do not have a choice, and the elite are NOT held responsible for the damage they inflict on our society. [/quote]

Your complete and total abdication of any responsibility on the part of voters for all of this is stunning. Each and every citizen most certainly do have a choice, and it is called a vote. You are allowed to cast it every few years, and it is secret and totally your own.

Buisness can only buy politicans you elect. If we elect politicans who refuse to be bought, and toss out the ones who are bought, then buisness’s power is moot. However we, as a people, allow ourselves to buy into the lame labels and political brand names which are fundementally no different from one another. Last time I checked every bailout passed chambers controlled by both parties. Infact, the only chamber to ever say ‘no’ was the Republican led revolt in the house, and that lasted all of a few days until the Republican party leadership was able to scare the crap out of the people saying ‘no’ and change the votes.

Dont like the bailouts, the TARP, the housing bubble and the endless deficits? VOTE, and vote the people who vote FOR this crap out. That is your choice, and that is something that no buisness can take from you. No matter how much money they spend, no buiness in America today can take your vote from you. Sadly this is a choice we seem not to exercise very well/often. (tossing people out of office)

[DWCAP]

[quote=CA renter]
Are you honestly going to tell me that we had a choice when all the bailouts (trillions of dollars, and we have yet to see all the damage!) were passed to protect — and grow! — the wealth of the robber barons who decimated our society?

No, we do not have a choice, and the elite are NOT held responsible for the damage they inflict on our society. [/quote]

Your complete and total abdication of any responsibility on the part of voters for all of this is stunning. Each and every citizen most certainly do have a choice, and it is called a vote. You are allowed to cast it every few years, and it is secret and totally your own.

Buisness can only buy politicans you elect. If we elect politicans who refuse to be bought, and toss out the ones who are bought, then buisness’s power is moot. However we, as a people, allow ourselves to buy into the lame labels and political brand names which are fundementally no different from one another. Last time I checked every bailout passed chambers controlled by both parties. Infact, the only chamber to ever say ‘no’ was the Republican led revolt in the house, and that lasted all of a few days until the Republican party leadership was able to scare the crap out of the people saying ‘no’ and change the votes.

Dont like the bailouts, the TARP, the housing bubble and the endless deficits? VOTE, and vote the people who vote FOR this crap out. That is your choice, and that is something that no buisness can take from you. No matter how much money they spend, no buiness in America today can take your vote from you. Sadly this is a choice we seem not to exercise very well/often. (tossing people out of office)

[DWCAP]

[quote]If this is the new reality with rates, how long until we can expect a downturn in prices that would result in a comparable monthly payment that one could have secured in October? i.e. What is that lag time between risen rates and the resulting decrease in home price? [/quote]

I dont know there is one. Interest rates are a very small part of the overall demand equation of housing. Basically, most people only care about interest rates once they are already about to buy.

IF, and that is an IF, your theory actually holds, I would say that the effect will be next September. This increase will cause panic amongst the CURRENT buyers, increasing short term demand, and then we hit spring (only 3 months away) and the high demand months of April-Aug. Maybe this pulls some spring buyers out now in a panic, leaving fewer at the end of the season in Sept for the ‘didnt sells’ of the summer to compete for. But that is nearly a year away, and there are tons of variables that could override any effect this will produce.

Access to money is a much much better measure to cause price declines. If the FHA increased their costs/downs and/or the GSE’s went back to the pre-crisis limits, then you would see price declines following demand drying up. (That is why you will never see that.) Marginal changes in costs of the money, when historicallly very low, wont do much.

[DWCAP]

[quote]If this is the new reality with rates, how long until we can expect a downturn in prices that would result in a comparable monthly payment that one could have secured in October? i.e. What is that lag time between risen rates and the resulting decrease in home price? [/quote]

I dont know there is one. Interest rates are a very small part of the overall demand equation of housing. Basically, most people only care about interest rates once they are already about to buy.

IF, and that is an IF, your theory actually holds, I would say that the effect will be next September. This increase will cause panic amongst the CURRENT buyers, increasing short term demand, and then we hit spring (only 3 months away) and the high demand months of April-Aug. Maybe this pulls some spring buyers out now in a panic, leaving fewer at the end of the season in Sept for the ‘didnt sells’ of the summer to compete for. But that is nearly a year away, and there are tons of variables that could override any effect this will produce.

Access to money is a much much better measure to cause price declines. If the FHA increased their costs/downs and/or the GSE’s went back to the pre-crisis limits, then you would see price declines following demand drying up. (That is why you will never see that.) Marginal changes in costs of the money, when historicallly very low, wont do much.

[DWCAP]

[quote]If this is the new reality with rates, how long until we can expect a downturn in prices that would result in a comparable monthly payment that one could have secured in October? i.e. What is that lag time between risen rates and the resulting decrease in home price? [/quote]

I dont know there is one. Interest rates are a very small part of the overall demand equation of housing. Basically, most people only care about interest rates once they are already about to buy.

IF, and that is an IF, your theory actually holds, I would say that the effect will be next September. This increase will cause panic amongst the CURRENT buyers, increasing short term demand, and then we hit spring (only 3 months away) and the high demand months of April-Aug. Maybe this pulls some spring buyers out now in a panic, leaving fewer at the end of the season in Sept for the ‘didnt sells’ of the summer to compete for. But that is nearly a year away, and there are tons of variables that could override any effect this will produce.

Access to money is a much much better measure to cause price declines. If the FHA increased their costs/downs and/or the GSE’s went back to the pre-crisis limits, then you would see price declines following demand drying up. (That is why you will never see that.) Marginal changes in costs of the money, when historicallly very low, wont do much.

[DWCAP]

[quote]If this is the new reality with rates, how long until we can expect a downturn in prices that would result in a comparable monthly payment that one could have secured in October? i.e. What is that lag time between risen rates and the resulting decrease in home price? [/quote]

I dont know there is one. Interest rates are a very small part of the overall demand equation of housing. Basically, most people only care about interest rates once they are already about to buy.

IF, and that is an IF, your theory actually holds, I would say that the effect will be next September. This increase will cause panic amongst the CURRENT buyers, increasing short term demand, and then we hit spring (only 3 months away) and the high demand months of April-Aug. Maybe this pulls some spring buyers out now in a panic, leaving fewer at the end of the season in Sept for the ‘didnt sells’ of the summer to compete for. But that is nearly a year away, and there are tons of variables that could override any effect this will produce.

Access to money is a much much better measure to cause price declines. If the FHA increased their costs/downs and/or the GSE’s went back to the pre-crisis limits, then you would see price declines following demand drying up. (That is why you will never see that.) Marginal changes in costs of the money, when historicallly very low, wont do much.

[DWCAP]

[quote]If this is the new reality with rates, how long until we can expect a downturn in prices that would result in a comparable monthly payment that one could have secured in October? i.e. What is that lag time between risen rates and the resulting decrease in home price? [/quote]

I dont know there is one. Interest rates are a very small part of the overall demand equation of housing. Basically, most people only care about interest rates once they are already about to buy.

IF, and that is an IF, your theory actually holds, I would say that the effect will be next September. This increase will cause panic amongst the CURRENT buyers, increasing short term demand, and then we hit spring (only 3 months away) and the high demand months of April-Aug. Maybe this pulls some spring buyers out now in a panic, leaving fewer at the end of the season in Sept for the ‘didnt sells’ of the summer to compete for. But that is nearly a year away, and there are tons of variables that could override any effect this will produce.

Access to money is a much much better measure to cause price declines. If the FHA increased their costs/downs and/or the GSE’s went back to the pre-crisis limits, then you would see price declines following demand drying up. (That is why you will never see that.) Marginal changes in costs of the money, when historicallly very low, wont do much.

[DWCAP]

Assuming your rent is at/very near/below market rents, Id pay up. 1.5% isnt a bad increase per year. However, I would hit them up for all the repairs that you feel are justified (not just what you want). If they wanna raise the rent, then they can put that money back into the property in needed repairs. That way you are kinda getting your monies worth out of the increase.

[DWCAP]

Assuming your rent is at/very near/below market rents, Id pay up. 1.5% isnt a bad increase per year. However, I would hit them up for all the repairs that you feel are justified (not just what you want). If they wanna raise the rent, then they can put that money back into the property in needed repairs. That way you are kinda getting your monies worth out of the increase.

[DWCAP]

Assuming your rent is at/very near/below market rents, Id pay up. 1.5% isnt a bad increase per year. However, I would hit them up for all the repairs that you feel are justified (not just what you want). If they wanna raise the rent, then they can put that money back into the property in needed repairs. That way you are kinda getting your monies worth out of the increase.

[Author]

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