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JWM in SD
ParticipantVagabondo
Kudo to you for having the patience to write that post. I don’t that level of patience anymore…maybe a year or two ago I might have.
Your last paragraph is especially on target. Interest rates were at historic highs then and the probability of refinancing to a lower was much better…with a low principal value to boot. Now?? Record low interest rates, per the commercials I hear constantly from the NAR and MBAs, and….record price to income ratios. Why would would I jump at a moderately lower rate with a high principal value and low probability of refinancing significantly lower? The only way to ameliorate this is with a high down payment, once again, on a high or inflated principal value. It’s still a lose / lose proposition as far as I’m concerned.
JWM in SD
ParticipantVagabondo
Kudo to you for having the patience to write that post. I don’t that level of patience anymore…maybe a year or two ago I might have.
Your last paragraph is especially on target. Interest rates were at historic highs then and the probability of refinancing to a lower was much better…with a low principal value to boot. Now?? Record low interest rates, per the commercials I hear constantly from the NAR and MBAs, and….record price to income ratios. Why would would I jump at a moderately lower rate with a high principal value and low probability of refinancing significantly lower? The only way to ameliorate this is with a high down payment, once again, on a high or inflated principal value. It’s still a lose / lose proposition as far as I’m concerned.
JWM in SD
ParticipantVagabondo
Kudo to you for having the patience to write that post. I don’t that level of patience anymore…maybe a year or two ago I might have.
Your last paragraph is especially on target. Interest rates were at historic highs then and the probability of refinancing to a lower was much better…with a low principal value to boot. Now?? Record low interest rates, per the commercials I hear constantly from the NAR and MBAs, and….record price to income ratios. Why would would I jump at a moderately lower rate with a high principal value and low probability of refinancing significantly lower? The only way to ameliorate this is with a high down payment, once again, on a high or inflated principal value. It’s still a lose / lose proposition as far as I’m concerned.
JWM in SD
ParticipantVagabondo
Kudo to you for having the patience to write that post. I don’t that level of patience anymore…maybe a year or two ago I might have.
Your last paragraph is especially on target. Interest rates were at historic highs then and the probability of refinancing to a lower was much better…with a low principal value to boot. Now?? Record low interest rates, per the commercials I hear constantly from the NAR and MBAs, and….record price to income ratios. Why would would I jump at a moderately lower rate with a high principal value and low probability of refinancing significantly lower? The only way to ameliorate this is with a high down payment, once again, on a high or inflated principal value. It’s still a lose / lose proposition as far as I’m concerned.
JWM in SD
ParticipantSouth Sider, born and raised.
JWM in SD
ParticipantSouth Sider, born and raised.
JWM in SD
ParticipantSouth Sider, born and raised.
JWM in SD
ParticipantSouth Sider, born and raised.
JWM in SD
ParticipantSouth Sider, born and raised.
JWM in SD
ParticipantUh, I’m from Chicago and didn’t move here until Sept ’04. Guess that shoots your theory all to hell.
LMFAO :-OJWM in SD
ParticipantUh, I’m from Chicago and didn’t move here until Sept ’04. Guess that shoots your theory all to hell.
LMFAO :-OJWM in SD
ParticipantUh, I’m from Chicago and didn’t move here until Sept ’04. Guess that shoots your theory all to hell.
LMFAO :-OJWM in SD
ParticipantUh, I’m from Chicago and didn’t move here until Sept ’04. Guess that shoots your theory all to hell.
LMFAO :-OJWM in SD
ParticipantUh, I’m from Chicago and didn’t move here until Sept ’04. Guess that shoots your theory all to hell.
LMFAO :-O -
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