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GoUSC
ParticipantFYI Aloft, which has around 50-60% vacancy is converting the remaining units to apartments. My girlfriend lives there and is PISSED.
ParticipantFYI Aloft, which has around 50-60% vacancy is converting the remaining units to apartments. My girlfriend lives there and is PISSED.
ParticipantFYI Aloft, which has around 50-60% vacancy is converting the remaining units to apartments. My girlfriend lives there and is PISSED.
ParticipantFYI Aloft, which has around 50-60% vacancy is converting the remaining units to apartments. My girlfriend lives there and is PISSED.
ParticipantFYI Aloft, which has around 50-60% vacancy is converting the remaining units to apartments. My girlfriend lives there and is PISSED.
June 24, 2008 at 3:13 PM in reply to: Which is preferable: lower interest rates or lower prices? #227916ParticipantIF you HAVE to pick between the two you always want higher interest rates than housing prices. Because:
1. With a higher interest rate you at least have a bigger tax write-off.
2. Higher purchase price means higher property taxes and a quicker rate of increases.
AND MOST IMPORTANT
3. You can refinance into a lower interest rate when rates come down. What you pay for your house is what you pay for it. You can’t refinance your way out of that.
June 24, 2008 at 3:13 PM in reply to: Which is preferable: lower interest rates or lower prices? #228032ParticipantIF you HAVE to pick between the two you always want higher interest rates than housing prices. Because:
1. With a higher interest rate you at least have a bigger tax write-off.
2. Higher purchase price means higher property taxes and a quicker rate of increases.
AND MOST IMPORTANT
3. You can refinance into a lower interest rate when rates come down. What you pay for your house is what you pay for it. You can’t refinance your way out of that.
June 24, 2008 at 3:13 PM in reply to: Which is preferable: lower interest rates or lower prices? #228043ParticipantIF you HAVE to pick between the two you always want higher interest rates than housing prices. Because:
1. With a higher interest rate you at least have a bigger tax write-off.
2. Higher purchase price means higher property taxes and a quicker rate of increases.
AND MOST IMPORTANT
3. You can refinance into a lower interest rate when rates come down. What you pay for your house is what you pay for it. You can’t refinance your way out of that.
June 24, 2008 at 3:13 PM in reply to: Which is preferable: lower interest rates or lower prices? #228077ParticipantIF you HAVE to pick between the two you always want higher interest rates than housing prices. Because:
1. With a higher interest rate you at least have a bigger tax write-off.
2. Higher purchase price means higher property taxes and a quicker rate of increases.
AND MOST IMPORTANT
3. You can refinance into a lower interest rate when rates come down. What you pay for your house is what you pay for it. You can’t refinance your way out of that.
June 24, 2008 at 3:13 PM in reply to: Which is preferable: lower interest rates or lower prices? #228093ParticipantIF you HAVE to pick between the two you always want higher interest rates than housing prices. Because:
1. With a higher interest rate you at least have a bigger tax write-off.
2. Higher purchase price means higher property taxes and a quicker rate of increases.
AND MOST IMPORTANT
3. You can refinance into a lower interest rate when rates come down. What you pay for your house is what you pay for it. You can’t refinance your way out of that.
ParticipantCorrect on the inflation comment…brain fart. However I guess you don’t pay capital gains taxes on the return you earn???
I don’t care if it costs you $60000 or $6000 to “rent” the money. You are actually borrowing money for more than the return you are getting on it just to have it in the bank and that is asinine IMHO.
ParticipantCorrect on the inflation comment…brain fart. However I guess you don’t pay capital gains taxes on the return you earn???
I don’t care if it costs you $60000 or $6000 to “rent” the money. You are actually borrowing money for more than the return you are getting on it just to have it in the bank and that is asinine IMHO.
ParticipantCorrect on the inflation comment…brain fart. However I guess you don’t pay capital gains taxes on the return you earn???
I don’t care if it costs you $60000 or $6000 to “rent” the money. You are actually borrowing money for more than the return you are getting on it just to have it in the bank and that is asinine IMHO.
ParticipantCorrect on the inflation comment…brain fart. However I guess you don’t pay capital gains taxes on the return you earn???
I don’t care if it costs you $60000 or $6000 to “rent” the money. You are actually borrowing money for more than the return you are getting on it just to have it in the bank and that is asinine IMHO.
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