Forum Replies Created
-
AuthorPosts
-
HeadedHome
ParticipantGreat article. Also, I think the only people even partially fooled are many in the American public. The stock market and commodities market doesn’t appear fooled by the low-ball inflationary reports. I’ve read several commodities analysts that believe the a part of the oil pricing is a built-in inflationary hedge against the “real” underlying numbers.
Here’s an article @ thestreet.com:
http://tinyurl.com/6p8ajoParticipantGreat article. Also, I think the only people even partially fooled are many in the American public. The stock market and commodities market doesn’t appear fooled by the low-ball inflationary reports. I’ve read several commodities analysts that believe the a part of the oil pricing is a built-in inflationary hedge against the “real” underlying numbers.
Here’s an article @ thestreet.com:
http://tinyurl.com/6p8ajoParticipantGreat article. Also, I think the only people even partially fooled are many in the American public. The stock market and commodities market doesn’t appear fooled by the low-ball inflationary reports. I’ve read several commodities analysts that believe the a part of the oil pricing is a built-in inflationary hedge against the “real” underlying numbers.
Here’s an article @ thestreet.com:
http://tinyurl.com/6p8ajoParticipantGreat article. Also, I think the only people even partially fooled are many in the American public. The stock market and commodities market doesn’t appear fooled by the low-ball inflationary reports. I’ve read several commodities analysts that believe the a part of the oil pricing is a built-in inflationary hedge against the “real” underlying numbers.
Here’s an article @ thestreet.com:
http://tinyurl.com/6p8ajoJune 27, 2008 at 8:35 AM in reply to: View, house, price or neighborhood, what is your priority? #229484ParticipantI agree that priorities change w/ kids. Neighborhood used to be #3, but now it’s grown to #1. And for me, school district is probably the biggest component of neighborhood.
After that is house. Not so much sqft but layout for our needs, especially since I work out of the house and need a “quiet place” to avoid unnecessary bloodshed when the kids are home.
Third would be price, and then view.
Probably overly practical, but hey, maybe once the kids are grown “view” will get to move up!
And since I’m waiting and watching the market from the other coast, I’m hoping that delayed gratification in this market will be rewarded!
June 27, 2008 at 8:35 AM in reply to: View, house, price or neighborhood, what is your priority? #229468ParticipantI agree that priorities change w/ kids. Neighborhood used to be #3, but now it’s grown to #1. And for me, school district is probably the biggest component of neighborhood.
After that is house. Not so much sqft but layout for our needs, especially since I work out of the house and need a “quiet place” to avoid unnecessary bloodshed when the kids are home.
Third would be price, and then view.
Probably overly practical, but hey, maybe once the kids are grown “view” will get to move up!
And since I’m waiting and watching the market from the other coast, I’m hoping that delayed gratification in this market will be rewarded!
June 27, 2008 at 8:35 AM in reply to: View, house, price or neighborhood, what is your priority? #229432ParticipantI agree that priorities change w/ kids. Neighborhood used to be #3, but now it’s grown to #1. And for me, school district is probably the biggest component of neighborhood.
After that is house. Not so much sqft but layout for our needs, especially since I work out of the house and need a “quiet place” to avoid unnecessary bloodshed when the kids are home.
Third would be price, and then view.
Probably overly practical, but hey, maybe once the kids are grown “view” will get to move up!
And since I’m waiting and watching the market from the other coast, I’m hoping that delayed gratification in this market will be rewarded!
June 27, 2008 at 8:35 AM in reply to: View, house, price or neighborhood, what is your priority? #229425ParticipantI agree that priorities change w/ kids. Neighborhood used to be #3, but now it’s grown to #1. And for me, school district is probably the biggest component of neighborhood.
After that is house. Not so much sqft but layout for our needs, especially since I work out of the house and need a “quiet place” to avoid unnecessary bloodshed when the kids are home.
Third would be price, and then view.
Probably overly practical, but hey, maybe once the kids are grown “view” will get to move up!
And since I’m waiting and watching the market from the other coast, I’m hoping that delayed gratification in this market will be rewarded!
June 27, 2008 at 8:35 AM in reply to: View, house, price or neighborhood, what is your priority? #229306ParticipantI agree that priorities change w/ kids. Neighborhood used to be #3, but now it’s grown to #1. And for me, school district is probably the biggest component of neighborhood.
After that is house. Not so much sqft but layout for our needs, especially since I work out of the house and need a “quiet place” to avoid unnecessary bloodshed when the kids are home.
Third would be price, and then view.
Probably overly practical, but hey, maybe once the kids are grown “view” will get to move up!
And since I’m waiting and watching the market from the other coast, I’m hoping that delayed gratification in this market will be rewarded!
June 24, 2008 at 12:08 PM in reply to: Which is preferable: lower interest rates or lower prices? #227920ParticipantIt depends.
For a $100K mortgage @ 6.0% (30 yr fixed, fully amortized), the payment (P&I) is abt $600.
For a $100K mortgage @ 7.0% (30 yr fixed, fully amortized), the payment (P&I) is abt $665.
To offset the difference in payment for an increase of 1.0% on the same loan, the loan amount would need to be reduced to roughly $90,250.
In other words, a 1.0% APR increase would necessitate abt a 10% reduction in the loan amount, to achieve the same payment (P&I only).
Obviously the above is very simplistic, and there are a myriad of variables that make every situation unique. Hope this gives a bit of clarity.
June 24, 2008 at 12:08 PM in reply to: Which is preferable: lower interest rates or lower prices? #227968ParticipantIt depends.
For a $100K mortgage @ 6.0% (30 yr fixed, fully amortized), the payment (P&I) is abt $600.
For a $100K mortgage @ 7.0% (30 yr fixed, fully amortized), the payment (P&I) is abt $665.
To offset the difference in payment for an increase of 1.0% on the same loan, the loan amount would need to be reduced to roughly $90,250.
In other words, a 1.0% APR increase would necessitate abt a 10% reduction in the loan amount, to achieve the same payment (P&I only).
Obviously the above is very simplistic, and there are a myriad of variables that make every situation unique. Hope this gives a bit of clarity.
June 24, 2008 at 12:08 PM in reply to: Which is preferable: lower interest rates or lower prices? #227954ParticipantIt depends.
For a $100K mortgage @ 6.0% (30 yr fixed, fully amortized), the payment (P&I) is abt $600.
For a $100K mortgage @ 7.0% (30 yr fixed, fully amortized), the payment (P&I) is abt $665.
To offset the difference in payment for an increase of 1.0% on the same loan, the loan amount would need to be reduced to roughly $90,250.
In other words, a 1.0% APR increase would necessitate abt a 10% reduction in the loan amount, to achieve the same payment (P&I only).
Obviously the above is very simplistic, and there are a myriad of variables that make every situation unique. Hope this gives a bit of clarity.
June 24, 2008 at 12:08 PM in reply to: Which is preferable: lower interest rates or lower prices? #227909ParticipantIt depends.
For a $100K mortgage @ 6.0% (30 yr fixed, fully amortized), the payment (P&I) is abt $600.
For a $100K mortgage @ 7.0% (30 yr fixed, fully amortized), the payment (P&I) is abt $665.
To offset the difference in payment for an increase of 1.0% on the same loan, the loan amount would need to be reduced to roughly $90,250.
In other words, a 1.0% APR increase would necessitate abt a 10% reduction in the loan amount, to achieve the same payment (P&I only).
Obviously the above is very simplistic, and there are a myriad of variables that make every situation unique. Hope this gives a bit of clarity.
June 24, 2008 at 12:08 PM in reply to: Which is preferable: lower interest rates or lower prices? #227791ParticipantIt depends.
For a $100K mortgage @ 6.0% (30 yr fixed, fully amortized), the payment (P&I) is abt $600.
For a $100K mortgage @ 7.0% (30 yr fixed, fully amortized), the payment (P&I) is abt $665.
To offset the difference in payment for an increase of 1.0% on the same loan, the loan amount would need to be reduced to roughly $90,250.
In other words, a 1.0% APR increase would necessitate abt a 10% reduction in the loan amount, to achieve the same payment (P&I only).
Obviously the above is very simplistic, and there are a myriad of variables that make every situation unique. Hope this gives a bit of clarity.
-
AuthorPosts