[GH]

Just keep in mind that housing prices and interest rates have no relationship

Nonsense! Prices are falling today because at ANY interest rate very few can afford, and there are millions of foreclosures out there dropping prices. Credit scores are all but trashed these days, incomes are off and frankly no matter the spin prices ARE falling. If interest rates were raised to say 15% prices would fall massively as far fewer of the dwindling supply of credit qualified applicants could qualify for $500K at 15% than could qualify at 5%.

Assuming 10% down, your monthly payment incl tax will be ~3,000 /MO at 5% and ~6,200 /MO at 15%, so obviously many can afford the $3,000 payment but very few could afford the $6,200 payment.

This is simple math and not subject to opinion!

[GH]

We are now five years off peak, and have finished the first dead cat bounce. I give it till 2016 or later depending on how bad things get in other areas of the economy. For better or worse, it looks likely that we will have a republican Senate, Congress and President in two years. It seems better when we have a deadlock situation.

[GH]

We are now five years off peak, and have finished the first dead cat bounce. I give it till 2016 or later depending on how bad things get in other areas of the economy. For better or worse, it looks likely that we will have a republican Senate, Congress and President in two years. It seems better when we have a deadlock situation.

[GH]

We are now five years off peak, and have finished the first dead cat bounce. I give it till 2016 or later depending on how bad things get in other areas of the economy. For better or worse, it looks likely that we will have a republican Senate, Congress and President in two years. It seems better when we have a deadlock situation.

[GH]

We are now five years off peak, and have finished the first dead cat bounce. I give it till 2016 or later depending on how bad things get in other areas of the economy. For better or worse, it looks likely that we will have a republican Senate, Congress and President in two years. It seems better when we have a deadlock situation.

[GH]

We are now five years off peak, and have finished the first dead cat bounce. I give it till 2016 or later depending on how bad things get in other areas of the economy. For better or worse, it looks likely that we will have a republican Senate, Congress and President in two years. It seems better when we have a deadlock situation.

[GH]

Nothing in our way of life or society allows for disasters. We go about our lives assuming it will not happen and when it does …

Of course I suspect the biggest disaster waiting in the wings for the US is the Oregon area when the Cascadia Subduction fault gives resulting in a 100 foot tsunami. Last one happened in 1700. They happen every 300 years or so.

[GH]

Nothing in our way of life or society allows for disasters. We go about our lives assuming it will not happen and when it does …

Of course I suspect the biggest disaster waiting in the wings for the US is the Oregon area when the Cascadia Subduction fault gives resulting in a 100 foot tsunami. Last one happened in 1700. They happen every 300 years or so.

[GH]

Nothing in our way of life or society allows for disasters. We go about our lives assuming it will not happen and when it does …

Of course I suspect the biggest disaster waiting in the wings for the US is the Oregon area when the Cascadia Subduction fault gives resulting in a 100 foot tsunami. Last one happened in 1700. They happen every 300 years or so.

[GH]

Nothing in our way of life or society allows for disasters. We go about our lives assuming it will not happen and when it does …

Of course I suspect the biggest disaster waiting in the wings for the US is the Oregon area when the Cascadia Subduction fault gives resulting in a 100 foot tsunami. Last one happened in 1700. They happen every 300 years or so.

[GH]

Nothing in our way of life or society allows for disasters. We go about our lives assuming it will not happen and when it does …

Of course I suspect the biggest disaster waiting in the wings for the US is the Oregon area when the Cascadia Subduction fault gives resulting in a 100 foot tsunami. Last one happened in 1700. They happen every 300 years or so.

[GH]

I own a 2004 Toyota Camry (V6) with 140K miles. To be honest I drive it hard and have had problems with the Rack and Pinion steering – $2200 out of warranty. Apart from that it still runs and looks like a new car. I do intend to buy a new car next year (CASH!!)
Perhaps a 4Runner V8 from last year?

[GH]

I own a 2004 Toyota Camry (V6) with 140K miles. To be honest I drive it hard and have had problems with the Rack and Pinion steering – $2200 out of warranty. Apart from that it still runs and looks like a new car. I do intend to buy a new car next year (CASH!!)
Perhaps a 4Runner V8 from last year?

[GH]

I own a 2004 Toyota Camry (V6) with 140K miles. To be honest I drive it hard and have had problems with the Rack and Pinion steering – $2200 out of warranty. Apart from that it still runs and looks like a new car. I do intend to buy a new car next year (CASH!!)
Perhaps a 4Runner V8 from last year?

[GH]

I own a 2004 Toyota Camry (V6) with 140K miles. To be honest I drive it hard and have had problems with the Rack and Pinion steering – $2200 out of warranty. Apart from that it still runs and looks like a new car. I do intend to buy a new car next year (CASH!!)
Perhaps a 4Runner V8 from last year?

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