[DWCAP]

[quote=Scarlett]Forgive me for a dumb question, theoretical speculation is great, but why not envision a scenarion in which the rate does go up 2-4%, but guess what, the prices don’t go down nearly as much to make the waiting for higher rate/lower price worth your while? (in which case it would be better to buy now w/ 20% down – not talking large downs). I am just asking, isn’t that a good possibility? Is that a carved in stone rule??

We’ve already seen that the overall prices didn’t fall back to fundamentals (in the areas mentioned by OP) and they are rising yet again. Just a couple % increase in interest rate may slow then down or stop them, but may not lower the price much….in these areas (and 20% down)…. I am just saying….[/quote]

The majority of buyers dont consider price, they consider monthly payment. They find a house that they like (hopefully) at a monthly payment they can swing (hopefully). If rates go up, then payments go up if principal doesnt go down. Simple as that, dumb as that.

Now that isnt a perfectly sliding scale, nothing in RE is. Seasonality, boom/bust, location location location, and a billion other factors pay into it, so it isnt an exact math formula. So you are correct. If the economy was adding jobs and humming along, sales would rise and prop prices too even if interest rates were increasing.

So basically, your suggestion is a possibilty. Not the only one, but one. As always people need to put their money on the table and let the wheel spin, even if your money is sitting on ‘Wait’.

[DWCAP]

[quote=Scarlett]Forgive me for a dumb question, theoretical speculation is great, but why not envision a scenarion in which the rate does go up 2-4%, but guess what, the prices don’t go down nearly as much to make the waiting for higher rate/lower price worth your while? (in which case it would be better to buy now w/ 20% down – not talking large downs). I am just asking, isn’t that a good possibility? Is that a carved in stone rule??

We’ve already seen that the overall prices didn’t fall back to fundamentals (in the areas mentioned by OP) and they are rising yet again. Just a couple % increase in interest rate may slow then down or stop them, but may not lower the price much….in these areas (and 20% down)…. I am just saying….[/quote]

The majority of buyers dont consider price, they consider monthly payment. They find a house that they like (hopefully) at a monthly payment they can swing (hopefully). If rates go up, then payments go up if principal doesnt go down. Simple as that, dumb as that.

Now that isnt a perfectly sliding scale, nothing in RE is. Seasonality, boom/bust, location location location, and a billion other factors pay into it, so it isnt an exact math formula. So you are correct. If the economy was adding jobs and humming along, sales would rise and prop prices too even if interest rates were increasing.

So basically, your suggestion is a possibilty. Not the only one, but one. As always people need to put their money on the table and let the wheel spin, even if your money is sitting on ‘Wait’.

[DWCAP]

[quote=Arraya]Well go about a useful way then, DWCAP. Stop legitimizing the myth of calling and writing representatives to have your voice heard. It obviously does not work that way. That should have been apparent after the phone calls were 100-1 against the first bailout.

If you really want to make a difference you need to get a bunch of money and hire lobbyists.

That is how the bill was passed. The mortgage, RE and home builder lobbyists worked congress. You can’t beat having several dozen representatives jawboning your elected officials 24/7.

Sure you can make an argument about not being able to throw stones when you don’t do anything but you can also make an argument about doing something that provably does not work and throwing stones as well.

In fact, you could easily make an argument that hiring lobbyists is more effective than voting.

There is your solution, stop voting and calling and hire some lobbyists. Quit pretending that the former makes a difference.[/quote]

All I can do is tell them that all the money in the world wont buy my vote, and that I am one loud SOB who isnt affraid to tell everyone I know, “F that Ahole” and support my reasons why. I dont vote party lines, may the best canadate win.

Or to put it another way, when I get the customary phone calls from family and friends looking to get a crash course in the ballot next year, there wont be any checkmarks for the people who support this shit, if I can help it. Over stimulation and poor policies on housing are the reason we are in the mess. Doing more of the same cause it worked so well last time is insane. Voting for this kinda crap proves to me they have no idea what they are doing, will happliy put our economy in a shitstorm again to get re-elected, and just about anyone else would be better.

And your argument isn’t totally true. Calling about the bailout did work, they voted it down the first time. It was the resulting market crash and fear mongering that drove them to dump our problems on the next generation.

[DWCAP]

[quote=Arraya]Well go about a useful way then, DWCAP. Stop legitimizing the myth of calling and writing representatives to have your voice heard. It obviously does not work that way. That should have been apparent after the phone calls were 100-1 against the first bailout.

If you really want to make a difference you need to get a bunch of money and hire lobbyists.

That is how the bill was passed. The mortgage, RE and home builder lobbyists worked congress. You can’t beat having several dozen representatives jawboning your elected officials 24/7.

Sure you can make an argument about not being able to throw stones when you don’t do anything but you can also make an argument about doing something that provably does not work and throwing stones as well.

In fact, you could easily make an argument that hiring lobbyists is more effective than voting.

There is your solution, stop voting and calling and hire some lobbyists. Quit pretending that the former makes a difference.[/quote]

All I can do is tell them that all the money in the world wont buy my vote, and that I am one loud SOB who isnt affraid to tell everyone I know, “F that Ahole” and support my reasons why. I dont vote party lines, may the best canadate win.

Or to put it another way, when I get the customary phone calls from family and friends looking to get a crash course in the ballot next year, there wont be any checkmarks for the people who support this shit, if I can help it. Over stimulation and poor policies on housing are the reason we are in the mess. Doing more of the same cause it worked so well last time is insane. Voting for this kinda crap proves to me they have no idea what they are doing, will happliy put our economy in a shitstorm again to get re-elected, and just about anyone else would be better.

And your argument isn’t totally true. Calling about the bailout did work, they voted it down the first time. It was the resulting market crash and fear mongering that drove them to dump our problems on the next generation.

[DWCAP]

[quote=Arraya]Well go about a useful way then, DWCAP. Stop legitimizing the myth of calling and writing representatives to have your voice heard. It obviously does not work that way. That should have been apparent after the phone calls were 100-1 against the first bailout.

If you really want to make a difference you need to get a bunch of money and hire lobbyists.

That is how the bill was passed. The mortgage, RE and home builder lobbyists worked congress. You can’t beat having several dozen representatives jawboning your elected officials 24/7.

Sure you can make an argument about not being able to throw stones when you don’t do anything but you can also make an argument about doing something that provably does not work and throwing stones as well.

In fact, you could easily make an argument that hiring lobbyists is more effective than voting.

There is your solution, stop voting and calling and hire some lobbyists. Quit pretending that the former makes a difference.[/quote]

All I can do is tell them that all the money in the world wont buy my vote, and that I am one loud SOB who isnt affraid to tell everyone I know, “F that Ahole” and support my reasons why. I dont vote party lines, may the best canadate win.

Or to put it another way, when I get the customary phone calls from family and friends looking to get a crash course in the ballot next year, there wont be any checkmarks for the people who support this shit, if I can help it. Over stimulation and poor policies on housing are the reason we are in the mess. Doing more of the same cause it worked so well last time is insane. Voting for this kinda crap proves to me they have no idea what they are doing, will happliy put our economy in a shitstorm again to get re-elected, and just about anyone else would be better.

And your argument isn’t totally true. Calling about the bailout did work, they voted it down the first time. It was the resulting market crash and fear mongering that drove them to dump our problems on the next generation.

[DWCAP]

[quote=Arraya]Well go about a useful way then, DWCAP. Stop legitimizing the myth of calling and writing representatives to have your voice heard. It obviously does not work that way. That should have been apparent after the phone calls were 100-1 against the first bailout.

If you really want to make a difference you need to get a bunch of money and hire lobbyists.

That is how the bill was passed. The mortgage, RE and home builder lobbyists worked congress. You can’t beat having several dozen representatives jawboning your elected officials 24/7.

Sure you can make an argument about not being able to throw stones when you don’t do anything but you can also make an argument about doing something that provably does not work and throwing stones as well.

In fact, you could easily make an argument that hiring lobbyists is more effective than voting.

There is your solution, stop voting and calling and hire some lobbyists. Quit pretending that the former makes a difference.[/quote]

All I can do is tell them that all the money in the world wont buy my vote, and that I am one loud SOB who isnt affraid to tell everyone I know, “F that Ahole” and support my reasons why. I dont vote party lines, may the best canadate win.

Or to put it another way, when I get the customary phone calls from family and friends looking to get a crash course in the ballot next year, there wont be any checkmarks for the people who support this shit, if I can help it. Over stimulation and poor policies on housing are the reason we are in the mess. Doing more of the same cause it worked so well last time is insane. Voting for this kinda crap proves to me they have no idea what they are doing, will happliy put our economy in a shitstorm again to get re-elected, and just about anyone else would be better.

And your argument isn’t totally true. Calling about the bailout did work, they voted it down the first time. It was the resulting market crash and fear mongering that drove them to dump our problems on the next generation.

[DWCAP]

[quote=Arraya]Well go about a useful way then, DWCAP. Stop legitimizing the myth of calling and writing representatives to have your voice heard. It obviously does not work that way. That should have been apparent after the phone calls were 100-1 against the first bailout.

If you really want to make a difference you need to get a bunch of money and hire lobbyists.

That is how the bill was passed. The mortgage, RE and home builder lobbyists worked congress. You can’t beat having several dozen representatives jawboning your elected officials 24/7.

Sure you can make an argument about not being able to throw stones when you don’t do anything but you can also make an argument about doing something that provably does not work and throwing stones as well.

In fact, you could easily make an argument that hiring lobbyists is more effective than voting.

There is your solution, stop voting and calling and hire some lobbyists. Quit pretending that the former makes a difference.[/quote]

All I can do is tell them that all the money in the world wont buy my vote, and that I am one loud SOB who isnt affraid to tell everyone I know, “F that Ahole” and support my reasons why. I dont vote party lines, may the best canadate win.

Or to put it another way, when I get the customary phone calls from family and friends looking to get a crash course in the ballot next year, there wont be any checkmarks for the people who support this shit, if I can help it. Over stimulation and poor policies on housing are the reason we are in the mess. Doing more of the same cause it worked so well last time is insane. Voting for this kinda crap proves to me they have no idea what they are doing, will happliy put our economy in a shitstorm again to get re-elected, and just about anyone else would be better.

And your argument isn’t totally true. Calling about the bailout did work, they voted it down the first time. It was the resulting market crash and fear mongering that drove them to dump our problems on the next generation.

[DWCAP]

Ill call. Ill waste my time and I know it wont be useful, but Ill call. If I dont do something, I cant throw stones. Atleast it is something. My thread about asking who was opposing this crap came up with nada, so atleast it is something.

God knows the two senators who ‘represent’ me couldnt give a rats ass. Mo money, mo mo money.

[DWCAP]

Ill call. Ill waste my time and I know it wont be useful, but Ill call. If I dont do something, I cant throw stones. Atleast it is something. My thread about asking who was opposing this crap came up with nada, so atleast it is something.

God knows the two senators who ‘represent’ me couldnt give a rats ass. Mo money, mo mo money.

[DWCAP]

Ill call. Ill waste my time and I know it wont be useful, but Ill call. If I dont do something, I cant throw stones. Atleast it is something. My thread about asking who was opposing this crap came up with nada, so atleast it is something.

God knows the two senators who ‘represent’ me couldnt give a rats ass. Mo money, mo mo money.

[DWCAP]

Ill call. Ill waste my time and I know it wont be useful, but Ill call. If I dont do something, I cant throw stones. Atleast it is something. My thread about asking who was opposing this crap came up with nada, so atleast it is something.

God knows the two senators who ‘represent’ me couldnt give a rats ass. Mo money, mo mo money.

[DWCAP]

Ill call. Ill waste my time and I know it wont be useful, but Ill call. If I dont do something, I cant throw stones. Atleast it is something. My thread about asking who was opposing this crap came up with nada, so atleast it is something.

God knows the two senators who ‘represent’ me couldnt give a rats ass. Mo money, mo mo money.

[DWCAP]

Why do people care about Zillow valuations? How many times do they have to be so F’n wrong it isnt even funny anymore, before people stop listening to them? Now if he got a real appraiser to say that price, then he could be feeling good.

[DWCAP]

Why do people care about Zillow valuations? How many times do they have to be so F’n wrong it isnt even funny anymore, before people stop listening to them? Now if he got a real appraiser to say that price, then he could be feeling good.

[DWCAP]

Why do people care about Zillow valuations? How many times do they have to be so F’n wrong it isnt even funny anymore, before people stop listening to them? Now if he got a real appraiser to say that price, then he could be feeling good.

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