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August 13, 2008 at 12:48 PM in reply to: Buying next year, what to do with down payment money? #256702August 13, 2008 at 12:48 PM in reply to: Buying next year, what to do with down payment money? #256758
jimmyle
ParticipantI guess I will do the same, I just found out that my bank is having a special promo and giving 3.9% for 12 month CDs.
[quote=JordanT]I’m putting my down payment savings in CDs with a plan to buy in a year or so, it’s at 3.6% interest. I guess I’m losing money to total inflation, but since I plan on spending the money on a house and houses are deflating so as far as housing those dollars aren’t losing value. I did this because if I lost 20% of my money to the stock market, that would delay the house purchase significantly and I don’t have time to ride out a rough spot.[/quote]
August 13, 2008 at 12:48 PM in reply to: Buying next year, what to do with down payment money? #256806ParticipantI guess I will do the same, I just found out that my bank is having a special promo and giving 3.9% for 12 month CDs.
[quote=JordanT]I’m putting my down payment savings in CDs with a plan to buy in a year or so, it’s at 3.6% interest. I guess I’m losing money to total inflation, but since I plan on spending the money on a house and houses are deflating so as far as housing those dollars aren’t losing value. I did this because if I lost 20% of my money to the stock market, that would delay the house purchase significantly and I don’t have time to ride out a rough spot.[/quote]
August 12, 2008 at 1:35 PM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #256140ParticipantI read his book too and most of the stuffs he said came true. However, I didn’t follow his advice on investments which I dearly regret.
August 12, 2008 at 1:35 PM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #256320ParticipantI read his book too and most of the stuffs he said came true. However, I didn’t follow his advice on investments which I dearly regret.
August 12, 2008 at 1:35 PM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #256322ParticipantI read his book too and most of the stuffs he said came true. However, I didn’t follow his advice on investments which I dearly regret.
August 12, 2008 at 1:35 PM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #256383ParticipantI read his book too and most of the stuffs he said came true. However, I didn’t follow his advice on investments which I dearly regret.
August 12, 2008 at 1:35 PM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #256430ParticipantI read his book too and most of the stuffs he said came true. However, I didn’t follow his advice on investments which I dearly regret.
ParticipantI wonder what are the reasons? Realtors probably know that the buyers need 15 to 20% down and a $130K pre-tax income to buy this house.
Asianautica, do you see this house (or something similar) going to $450K near the end of 2009?
[quote=asianautica]Mason is now BOM. This one has been in and out of escrow so many times, I lost count.[/quote]
ParticipantI wonder what are the reasons? Realtors probably know that the buyers need 15 to 20% down and a $130K pre-tax income to buy this house.
Asianautica, do you see this house (or something similar) going to $450K near the end of 2009?
[quote=asianautica]Mason is now BOM. This one has been in and out of escrow so many times, I lost count.[/quote]
ParticipantI wonder what are the reasons? Realtors probably know that the buyers need 15 to 20% down and a $130K pre-tax income to buy this house.
Asianautica, do you see this house (or something similar) going to $450K near the end of 2009?
[quote=asianautica]Mason is now BOM. This one has been in and out of escrow so many times, I lost count.[/quote]
ParticipantI wonder what are the reasons? Realtors probably know that the buyers need 15 to 20% down and a $130K pre-tax income to buy this house.
Asianautica, do you see this house (or something similar) going to $450K near the end of 2009?
[quote=asianautica]Mason is now BOM. This one has been in and out of escrow so many times, I lost count.[/quote]
ParticipantI wonder what are the reasons? Realtors probably know that the buyers need 15 to 20% down and a $130K pre-tax income to buy this house.
Asianautica, do you see this house (or something similar) going to $450K near the end of 2009?
[quote=asianautica]Mason is now BOM. This one has been in and out of escrow so many times, I lost count.[/quote]
ParticipantThanks, these could be my future homes if prices go down another 15%.
ParticipantThanks, these could be my future homes if prices go down another 15%.
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