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(former)FormerSanDiegan
ParticipantYou need to change your screen name to Former BubbleSitter.
Congratulations.
(former)FormerSanDiegan
ParticipantI don;t think davelj is suggesting that you put zero down. Just use zero down interest only (at whatever rate you get) to determine whether it is worth doing. This removes the need to figure opportunity cost.
This reasonable and is equivalent to assuming you would get a rate of return equal to the mortgage interest in computing opportunity cost.
Of course you get the best rates for 20% down or more (30% for investment property), so you have to weigh the benefit of lower rates against the benefit of having less skin in the game in case of substantially more downside in the market.
(former)FormerSanDiegan
ParticipantI don;t think davelj is suggesting that you put zero down. Just use zero down interest only (at whatever rate you get) to determine whether it is worth doing. This removes the need to figure opportunity cost.
This reasonable and is equivalent to assuming you would get a rate of return equal to the mortgage interest in computing opportunity cost.
Of course you get the best rates for 20% down or more (30% for investment property), so you have to weigh the benefit of lower rates against the benefit of having less skin in the game in case of substantially more downside in the market.
(former)FormerSanDiegan
ParticipantI don;t think davelj is suggesting that you put zero down. Just use zero down interest only (at whatever rate you get) to determine whether it is worth doing. This removes the need to figure opportunity cost.
This reasonable and is equivalent to assuming you would get a rate of return equal to the mortgage interest in computing opportunity cost.
Of course you get the best rates for 20% down or more (30% for investment property), so you have to weigh the benefit of lower rates against the benefit of having less skin in the game in case of substantially more downside in the market.
(former)FormerSanDiegan
ParticipantI don;t think davelj is suggesting that you put zero down. Just use zero down interest only (at whatever rate you get) to determine whether it is worth doing. This removes the need to figure opportunity cost.
This reasonable and is equivalent to assuming you would get a rate of return equal to the mortgage interest in computing opportunity cost.
Of course you get the best rates for 20% down or more (30% for investment property), so you have to weigh the benefit of lower rates against the benefit of having less skin in the game in case of substantially more downside in the market.
(former)FormerSanDiegan
ParticipantI don;t think davelj is suggesting that you put zero down. Just use zero down interest only (at whatever rate you get) to determine whether it is worth doing. This removes the need to figure opportunity cost.
This reasonable and is equivalent to assuming you would get a rate of return equal to the mortgage interest in computing opportunity cost.
Of course you get the best rates for 20% down or more (30% for investment property), so you have to weigh the benefit of lower rates against the benefit of having less skin in the game in case of substantially more downside in the market.
(former)FormerSanDiegan
ParticipantIf you are speculating on other people buying up Gold in anticipation of financial meltdown/armageddon/hyperinflation, the you should consider buying the GLD ETF.
If you actually expect the meltdown/hyperinflation to result in the breakdown of society/armageddon, then buy the actual raw material.
(former)FormerSanDiegan
ParticipantIf you are speculating on other people buying up Gold in anticipation of financial meltdown/armageddon/hyperinflation, the you should consider buying the GLD ETF.
If you actually expect the meltdown/hyperinflation to result in the breakdown of society/armageddon, then buy the actual raw material.
(former)FormerSanDiegan
ParticipantIf you are speculating on other people buying up Gold in anticipation of financial meltdown/armageddon/hyperinflation, the you should consider buying the GLD ETF.
If you actually expect the meltdown/hyperinflation to result in the breakdown of society/armageddon, then buy the actual raw material.
(former)FormerSanDiegan
ParticipantIf you are speculating on other people buying up Gold in anticipation of financial meltdown/armageddon/hyperinflation, the you should consider buying the GLD ETF.
If you actually expect the meltdown/hyperinflation to result in the breakdown of society/armageddon, then buy the actual raw material.
(former)FormerSanDiegan
ParticipantIf you are speculating on other people buying up Gold in anticipation of financial meltdown/armageddon/hyperinflation, the you should consider buying the GLD ETF.
If you actually expect the meltdown/hyperinflation to result in the breakdown of society/armageddon, then buy the actual raw material.
April 3, 2009 at 3:34 PM in reply to: Earnings, Poverty and Income in San Diego County – 2008 Report for 2007 #375851(former)FormerSanDiegan
ParticipantAbout the organizaiot, from their web site “The Center on Policy Initiatives is a nonprofit research and advocacy center dedicated to the interests of working people in the San Diego region. Through research, community organizing and outreach, we seek policy change to promote economic justice and raise workers from poverty to the middle class.”
April 3, 2009 at 3:34 PM in reply to: Earnings, Poverty and Income in San Diego County – 2008 Report for 2007 #376132(former)FormerSanDiegan
ParticipantAbout the organizaiot, from their web site “The Center on Policy Initiatives is a nonprofit research and advocacy center dedicated to the interests of working people in the San Diego region. Through research, community organizing and outreach, we seek policy change to promote economic justice and raise workers from poverty to the middle class.”
April 3, 2009 at 3:34 PM in reply to: Earnings, Poverty and Income in San Diego County – 2008 Report for 2007 #376311(former)FormerSanDiegan
ParticipantAbout the organizaiot, from their web site “The Center on Policy Initiatives is a nonprofit research and advocacy center dedicated to the interests of working people in the San Diego region. Through research, community organizing and outreach, we seek policy change to promote economic justice and raise workers from poverty to the middle class.”
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