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(former)FormerSanDiegan
Participant[quote=SD Realtor]Brian you are hilarious. Really. Your postings here rival your posts on why you don’t like american women or why they don’t like you. In this one thread alone you talk about the importance of credit and how our country runs on it but then you advocate deadbeatism which in term ruins credit and even try to give some bizarre argument about how being a deadbeat helps the economy. How about moving out of the house, letting it foreclose, and rent something alot cheaper. Then you get to pay less for your shelter, spend more to “recycle” into Brians economy, and the foreclosed home gets sold to someone who will afford it and it will be sold at the correct market value. I guess that makes to much sense. Forget it your right. Credit for everyone and nobody needs to worry about being a deadbeat because it all will magically work. Sounds good man. I guess your most recent posts are the only ones that really count. Why stick with one point when you can conveniently jump to another.[/quote]
I gave up making sense of it when in a single thread there was a point made that our economy country runs on debt and a point made that debt repayment adds nothing to the economy.
I figure that I am simply too dense to understand.
Participant[quote=briansd1]
You make an excellent point jpinpb.
Debt repayment does not contribute to economic activity. You need spending on goods and services to support the economy.
So the deadbeats are doing the right things and helping us avert a deeper recession by not paying the banks and spending on other things.
[/quote]This is not necessarily true. Consider the flip side. Some person, group of persons, pension fund or other entity or group of entities was expecting a return on their money.
If you have money in CDs for example, you might use the interest to buy stuff. If the holder of the CD stops paying, guess what, you no longer have that income to buy stuff.
Furthermore, the loan repayments not being made back to the bank result in less capital available within the banking system for providing lending for productive purposes.
Participant[quote=briansd1]
You make an excellent point jpinpb.
Debt repayment does not contribute to economic activity. You need spending on goods and services to support the economy.
So the deadbeats are doing the right things and helping us avert a deeper recession by not paying the banks and spending on other things.
[/quote]This is not necessarily true. Consider the flip side. Some person, group of persons, pension fund or other entity or group of entities was expecting a return on their money.
If you have money in CDs for example, you might use the interest to buy stuff. If the holder of the CD stops paying, guess what, you no longer have that income to buy stuff.
Furthermore, the loan repayments not being made back to the bank result in less capital available within the banking system for providing lending for productive purposes.
Participant[quote=briansd1]
You make an excellent point jpinpb.
Debt repayment does not contribute to economic activity. You need spending on goods and services to support the economy.
So the deadbeats are doing the right things and helping us avert a deeper recession by not paying the banks and spending on other things.
[/quote]This is not necessarily true. Consider the flip side. Some person, group of persons, pension fund or other entity or group of entities was expecting a return on their money.
If you have money in CDs for example, you might use the interest to buy stuff. If the holder of the CD stops paying, guess what, you no longer have that income to buy stuff.
Furthermore, the loan repayments not being made back to the bank result in less capital available within the banking system for providing lending for productive purposes.
Participant[quote=briansd1]
You make an excellent point jpinpb.
Debt repayment does not contribute to economic activity. You need spending on goods and services to support the economy.
So the deadbeats are doing the right things and helping us avert a deeper recession by not paying the banks and spending on other things.
[/quote]This is not necessarily true. Consider the flip side. Some person, group of persons, pension fund or other entity or group of entities was expecting a return on their money.
If you have money in CDs for example, you might use the interest to buy stuff. If the holder of the CD stops paying, guess what, you no longer have that income to buy stuff.
Furthermore, the loan repayments not being made back to the bank result in less capital available within the banking system for providing lending for productive purposes.
Participant[quote=briansd1]
You make an excellent point jpinpb.
Debt repayment does not contribute to economic activity. You need spending on goods and services to support the economy.
So the deadbeats are doing the right things and helping us avert a deeper recession by not paying the banks and spending on other things.
[/quote]This is not necessarily true. Consider the flip side. Some person, group of persons, pension fund or other entity or group of entities was expecting a return on their money.
If you have money in CDs for example, you might use the interest to buy stuff. If the holder of the CD stops paying, guess what, you no longer have that income to buy stuff.
Furthermore, the loan repayments not being made back to the bank result in less capital available within the banking system for providing lending for productive purposes.
ParticipantIf you can afford a place at the cost of renting in an area you want to raise your kids, go for it.
If you are buying it as an interest rate hedge (or because of a fear of higher interest rates in the future) don’t buy it.
ParticipantIf you can afford a place at the cost of renting in an area you want to raise your kids, go for it.
If you are buying it as an interest rate hedge (or because of a fear of higher interest rates in the future) don’t buy it.
ParticipantIf you can afford a place at the cost of renting in an area you want to raise your kids, go for it.
If you are buying it as an interest rate hedge (or because of a fear of higher interest rates in the future) don’t buy it.
ParticipantIf you can afford a place at the cost of renting in an area you want to raise your kids, go for it.
If you are buying it as an interest rate hedge (or because of a fear of higher interest rates in the future) don’t buy it.
ParticipantIf you can afford a place at the cost of renting in an area you want to raise your kids, go for it.
If you are buying it as an interest rate hedge (or because of a fear of higher interest rates in the future) don’t buy it.
ParticipantMy advice depends on the price of the house and the status of your interest rate lock and rates.
You are essentially risking an unknown change in interest rate for the 10K credit.
If it’s 250K property and you are not locked with your rate yet, then it’s probably worth stalling. If rates move against you during the interim the penalty is about $625 per year per quarter-point increase in rate.
If it’s 850K property and your interest rate is locked, then I probably would not stall. AT that level a quarter-point increase in interest rate is over $2k per year.
ParticipantMy advice depends on the price of the house and the status of your interest rate lock and rates.
You are essentially risking an unknown change in interest rate for the 10K credit.
If it’s 250K property and you are not locked with your rate yet, then it’s probably worth stalling. If rates move against you during the interim the penalty is about $625 per year per quarter-point increase in rate.
If it’s 850K property and your interest rate is locked, then I probably would not stall. AT that level a quarter-point increase in interest rate is over $2k per year.
ParticipantMy advice depends on the price of the house and the status of your interest rate lock and rates.
You are essentially risking an unknown change in interest rate for the 10K credit.
If it’s 250K property and you are not locked with your rate yet, then it’s probably worth stalling. If rates move against you during the interim the penalty is about $625 per year per quarter-point increase in rate.
If it’s 850K property and your interest rate is locked, then I probably would not stall. AT that level a quarter-point increase in interest rate is over $2k per year.
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