[EconProf]

BobS
FormerSanDiegan and Rustico: you guys get it. Radelow & meadandale need to reread my original post. It is about having the liquidity to swoop in and buy at the bottom.
The 3% differential is the cost of keeping liquid. It is not for consumption, mortgage payments, or to look at. It is to keep handy for a screamingly good investment when the bottom comes. When a desperate seller gets my purchase offer with a low-ball price, and a carbon copy of the bank cashier’s check I’ve just drawn with his name on it for the amount I am willing to pay and with a 7-day closing, no financing, then the “cash is king” rule will apply.
BTW, businesses large and small, routinely pay an annual fee to have access to a bank line of credit, just in case of emergency.

[EconProf]

BobS
FormerSanDiegan and Rustico: you guys get it. Radelow & meadandale need to reread my original post. It is about having the liquidity to swoop in and buy at the bottom.
The 3% differential is the cost of keeping liquid. It is not for consumption, mortgage payments, or to look at. It is to keep handy for a screamingly good investment when the bottom comes. When a desperate seller gets my purchase offer with a low-ball price, and a carbon copy of the bank cashier’s check I’ve just drawn with his name on it for the amount I am willing to pay and with a 7-day closing, no financing, then the “cash is king” rule will apply.
BTW, businesses large and small, routinely pay an annual fee to have access to a bank line of credit, just in case of emergency.

[EconProf]

BobS
FormerSanDiegan and Rustico: you guys get it. Radelow & meadandale need to reread my original post. It is about having the liquidity to swoop in and buy at the bottom.
The 3% differential is the cost of keeping liquid. It is not for consumption, mortgage payments, or to look at. It is to keep handy for a screamingly good investment when the bottom comes. When a desperate seller gets my purchase offer with a low-ball price, and a carbon copy of the bank cashier’s check I’ve just drawn with his name on it for the amount I am willing to pay and with a 7-day closing, no financing, then the “cash is king” rule will apply.
BTW, businesses large and small, routinely pay an annual fee to have access to a bank line of credit, just in case of emergency.

[EconProf]

BobS
FormerSanDiegan and Rustico: you guys get it. Radelow & meadandale need to reread my original post. It is about having the liquidity to swoop in and buy at the bottom.
The 3% differential is the cost of keeping liquid. It is not for consumption, mortgage payments, or to look at. It is to keep handy for a screamingly good investment when the bottom comes. When a desperate seller gets my purchase offer with a low-ball price, and a carbon copy of the bank cashier’s check I’ve just drawn with his name on it for the amount I am willing to pay and with a 7-day closing, no financing, then the “cash is king” rule will apply.
BTW, businesses large and small, routinely pay an annual fee to have access to a bank line of credit, just in case of emergency.

[EconProf]

BobS
FormerSanDiegan and Rustico: you guys get it. Radelow & meadandale need to reread my original post. It is about having the liquidity to swoop in and buy at the bottom.
The 3% differential is the cost of keeping liquid. It is not for consumption, mortgage payments, or to look at. It is to keep handy for a screamingly good investment when the bottom comes. When a desperate seller gets my purchase offer with a low-ball price, and a carbon copy of the bank cashier’s check I’ve just drawn with his name on it for the amount I am willing to pay and with a 7-day closing, no financing, then the “cash is king” rule will apply.
BTW, businesses large and small, routinely pay an annual fee to have access to a bank line of credit, just in case of emergency.

[EconProf]

BobS
Bjensen, the difficult thing about predicting future rents is that a multitude of factors will influence them. That is why it is unwise to predict rents based on one of those factors you may believe in.
On the demand side demographic factors such as # of people, their ages, family formation, their incomes, etc. can increase or decrease demand. The supply side is easier to predict because the for-rent housing stock is largely a given. Over time it changes at the margin due to new building, demolitions, condo conversions (or the reverse, back into the rental stock), vacancies due to foreclosures, etc.
If you can predict what each of these demand factors and supply factors will do in the future, then you will know exactly where rents will go. Everybody can have an opinion.
Final note: because many of these factors work at cross-currents, they cancel each other out. Thus rental changes over time tend to be slow and gradual, barring some huge event like a massive recession or local industry leaving (or coming in).

[EconProf]

BobS
Bjensen, the difficult thing about predicting future rents is that a multitude of factors will influence them. That is why it is unwise to predict rents based on one of those factors you may believe in.
On the demand side demographic factors such as # of people, their ages, family formation, their incomes, etc. can increase or decrease demand. The supply side is easier to predict because the for-rent housing stock is largely a given. Over time it changes at the margin due to new building, demolitions, condo conversions (or the reverse, back into the rental stock), vacancies due to foreclosures, etc.
If you can predict what each of these demand factors and supply factors will do in the future, then you will know exactly where rents will go. Everybody can have an opinion.
Final note: because many of these factors work at cross-currents, they cancel each other out. Thus rental changes over time tend to be slow and gradual, barring some huge event like a massive recession or local industry leaving (or coming in).

[EconProf]

BobS
Bjensen, the difficult thing about predicting future rents is that a multitude of factors will influence them. That is why it is unwise to predict rents based on one of those factors you may believe in.
On the demand side demographic factors such as # of people, their ages, family formation, their incomes, etc. can increase or decrease demand. The supply side is easier to predict because the for-rent housing stock is largely a given. Over time it changes at the margin due to new building, demolitions, condo conversions (or the reverse, back into the rental stock), vacancies due to foreclosures, etc.
If you can predict what each of these demand factors and supply factors will do in the future, then you will know exactly where rents will go. Everybody can have an opinion.
Final note: because many of these factors work at cross-currents, they cancel each other out. Thus rental changes over time tend to be slow and gradual, barring some huge event like a massive recession or local industry leaving (or coming in).

[EconProf]

BobS
Bjensen, the difficult thing about predicting future rents is that a multitude of factors will influence them. That is why it is unwise to predict rents based on one of those factors you may believe in.
On the demand side demographic factors such as # of people, their ages, family formation, their incomes, etc. can increase or decrease demand. The supply side is easier to predict because the for-rent housing stock is largely a given. Over time it changes at the margin due to new building, demolitions, condo conversions (or the reverse, back into the rental stock), vacancies due to foreclosures, etc.
If you can predict what each of these demand factors and supply factors will do in the future, then you will know exactly where rents will go. Everybody can have an opinion.
Final note: because many of these factors work at cross-currents, they cancel each other out. Thus rental changes over time tend to be slow and gradual, barring some huge event like a massive recession or local industry leaving (or coming in).

[EconProf]

BobS
Bjensen, the difficult thing about predicting future rents is that a multitude of factors will influence them. That is why it is unwise to predict rents based on one of those factors you may believe in.
On the demand side demographic factors such as # of people, their ages, family formation, their incomes, etc. can increase or decrease demand. The supply side is easier to predict because the for-rent housing stock is largely a given. Over time it changes at the margin due to new building, demolitions, condo conversions (or the reverse, back into the rental stock), vacancies due to foreclosures, etc.
If you can predict what each of these demand factors and supply factors will do in the future, then you will know exactly where rents will go. Everybody can have an opinion.
Final note: because many of these factors work at cross-currents, they cancel each other out. Thus rental changes over time tend to be slow and gradual, barring some huge event like a massive recession or local industry leaving (or coming in).

[EconProf]

BobS
There is no chance this could hurt your credit. They are merely adjusting their allowable credit line in accordance with the falling value of the collateral, as permitted in the HELOC contract.
Please let us know what they say when you dispute it.

[EconProf]

BobS
There is no chance this could hurt your credit. They are merely adjusting their allowable credit line in accordance with the falling value of the collateral, as permitted in the HELOC contract.
Please let us know what they say when you dispute it.

[EconProf]

BobS
There is no chance this could hurt your credit. They are merely adjusting their allowable credit line in accordance with the falling value of the collateral, as permitted in the HELOC contract.
Please let us know what they say when you dispute it.

[EconProf]

BobS
There is no chance this could hurt your credit. They are merely adjusting their allowable credit line in accordance with the falling value of the collateral, as permitted in the HELOC contract.
Please let us know what they say when you dispute it.

[EconProf]

BobS
There is no chance this could hurt your credit. They are merely adjusting their allowable credit line in accordance with the falling value of the collateral, as permitted in the HELOC contract.
Please let us know what they say when you dispute it.

[Author]

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