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kev374
ParticipantIf they are giving 5.25% to delinquent borrowers what rate are they giving to their new customers with 700+ FICO score and 10-20% downpayment? It’s got to be way less than 5.25% otherwise it wouldn’t make sense. I think anyone who finances through countrywide is an idiot, but then again anyone who buys a property now is a complete idiot so…
ParticipantI know you have to pay ordinary income tax on MM returns which wipes out a lot of the gains, factor inflation and your net growth is about zero.
Is there any investment that is relatively low risk but is eligible for capital gains rate? I am looking for a 5-5.5% APY.
ParticipantI know you have to pay ordinary income tax on MM returns which wipes out a lot of the gains, factor inflation and your net growth is about zero.
Is there any investment that is relatively low risk but is eligible for capital gains rate? I am looking for a 5-5.5% APY.
ParticipantI know you have to pay ordinary income tax on MM returns which wipes out a lot of the gains, factor inflation and your net growth is about zero.
Is there any investment that is relatively low risk but is eligible for capital gains rate? I am looking for a 5-5.5% APY.
ParticipantI know you have to pay ordinary income tax on MM returns which wipes out a lot of the gains, factor inflation and your net growth is about zero.
Is there any investment that is relatively low risk but is eligible for capital gains rate? I am looking for a 5-5.5% APY.
November 6, 2007 at 2:33 PM in reply to: Where do you stand on America’s wealth spectrum-Article #96322Participanta lot of that net worth is home equity. I seriously doubt liquid assets are anywhere close to that. My guess is at least 75-80% of that figure is home equity which is rapidly going to evaporate.
November 6, 2007 at 2:33 PM in reply to: Where do you stand on America’s wealth spectrum-Article #96384Participanta lot of that net worth is home equity. I seriously doubt liquid assets are anywhere close to that. My guess is at least 75-80% of that figure is home equity which is rapidly going to evaporate.
November 6, 2007 at 2:33 PM in reply to: Where do you stand on America’s wealth spectrum-Article #96391Participanta lot of that net worth is home equity. I seriously doubt liquid assets are anywhere close to that. My guess is at least 75-80% of that figure is home equity which is rapidly going to evaporate.
November 6, 2007 at 2:33 PM in reply to: Where do you stand on America’s wealth spectrum-Article #96401Participanta lot of that net worth is home equity. I seriously doubt liquid assets are anywhere close to that. My guess is at least 75-80% of that figure is home equity which is rapidly going to evaporate.
November 6, 2007 at 11:40 AM in reply to: How serious is the seller with the bottom of the listing range? #96286ParticipantIf i take 290K and compound it by 4% inflation/appreciation per year I get 400k after 8 years.
Non-income inflation means nothing for home prices. Infact non-income inflation hurts home prices because it drives down affordability.
Long term averages tie home appreciation to income growth. Income growth in the last 8 yrs has not been anywhere close to 4% compounded. Infact, it has been rather stagnant. In some segments income has been declining whereas inflation in other areas like oil, energy, insurance, healthcare are skyrocketing.
Just to give you an idea…4% compounding in income means that someone earning $75k/yr in 2000, for that exact same job and experience now in 2007 they should be getting $103,000/yr. More than likely that person is getting $80k/yr or so, if that!
November 6, 2007 at 11:40 AM in reply to: How serious is the seller with the bottom of the listing range? #96349ParticipantIf i take 290K and compound it by 4% inflation/appreciation per year I get 400k after 8 years.
Non-income inflation means nothing for home prices. Infact non-income inflation hurts home prices because it drives down affordability.
Long term averages tie home appreciation to income growth. Income growth in the last 8 yrs has not been anywhere close to 4% compounded. Infact, it has been rather stagnant. In some segments income has been declining whereas inflation in other areas like oil, energy, insurance, healthcare are skyrocketing.
Just to give you an idea…4% compounding in income means that someone earning $75k/yr in 2000, for that exact same job and experience now in 2007 they should be getting $103,000/yr. More than likely that person is getting $80k/yr or so, if that!
November 6, 2007 at 11:40 AM in reply to: How serious is the seller with the bottom of the listing range? #96355ParticipantIf i take 290K and compound it by 4% inflation/appreciation per year I get 400k after 8 years.
Non-income inflation means nothing for home prices. Infact non-income inflation hurts home prices because it drives down affordability.
Long term averages tie home appreciation to income growth. Income growth in the last 8 yrs has not been anywhere close to 4% compounded. Infact, it has been rather stagnant. In some segments income has been declining whereas inflation in other areas like oil, energy, insurance, healthcare are skyrocketing.
Just to give you an idea…4% compounding in income means that someone earning $75k/yr in 2000, for that exact same job and experience now in 2007 they should be getting $103,000/yr. More than likely that person is getting $80k/yr or so, if that!
November 6, 2007 at 11:40 AM in reply to: How serious is the seller with the bottom of the listing range? #96364ParticipantIf i take 290K and compound it by 4% inflation/appreciation per year I get 400k after 8 years.
Non-income inflation means nothing for home prices. Infact non-income inflation hurts home prices because it drives down affordability.
Long term averages tie home appreciation to income growth. Income growth in the last 8 yrs has not been anywhere close to 4% compounded. Infact, it has been rather stagnant. In some segments income has been declining whereas inflation in other areas like oil, energy, insurance, healthcare are skyrocketing.
Just to give you an idea…4% compounding in income means that someone earning $75k/yr in 2000, for that exact same job and experience now in 2007 they should be getting $103,000/yr. More than likely that person is getting $80k/yr or so, if that!
Participantyou know stupid people who believe “professionals” who have vested interest deserve what they get!!!
Similar thing happened with a friend of mine, he bought this home in Irvine for $685k… worse he put all his life savings of $100k into it. Now the ZEstimate on it has it at $655,000 and you know how optimistic those numbers are, in a yr or 2 the guy is going to be in financial ruin. I had urged him not to buy time and again but his argument “I have already waited so long and looks like the market has hit bottom…of course a REALTOR told him that”
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