[moneymaker]

Hope I don’t kill this thread as I am also interested in the savy opinions of others on this board. My wife and I have good incomes and good FICO’s and we also are of the opinions that even though prices have fallen quite a bit, they are still too high. Interest rates are bound to go up and when they do that will affect the bottom investors(people that don’t have 100% cash). I could not help but think when viewing the Lisa Ling video about foreclosure alley that she is probably drolling at buying a few of those houses for cash and renting them out. I also noticed that interest rates seem to be instep with unemployment.

[moneymaker]

Hope I don’t kill this thread as I am also interested in the savy opinions of others on this board. My wife and I have good incomes and good FICO’s and we also are of the opinions that even though prices have fallen quite a bit, they are still too high. Interest rates are bound to go up and when they do that will affect the bottom investors(people that don’t have 100% cash). I could not help but think when viewing the Lisa Ling video about foreclosure alley that she is probably drolling at buying a few of those houses for cash and renting them out. I also noticed that interest rates seem to be instep with unemployment.

[moneymaker]

Hope I don’t kill this thread as I am also interested in the savy opinions of others on this board. My wife and I have good incomes and good FICO’s and we also are of the opinions that even though prices have fallen quite a bit, they are still too high. Interest rates are bound to go up and when they do that will affect the bottom investors(people that don’t have 100% cash). I could not help but think when viewing the Lisa Ling video about foreclosure alley that she is probably drolling at buying a few of those houses for cash and renting them out. I also noticed that interest rates seem to be instep with unemployment.

[moneymaker]

yojimbo has a very good point. What has happened to this country! Our economy in the last 20 years has been fueled by in order, defense spending,dot-com’s with no business plan(stock market speculation),housing speculation. Now people are speculating about gold. What happened to coming up with good ideas, employing people you know and working hard to achieve success in America. We’ve been sold out by our greedy corporations that exported jobs to drive up their stock prices-this has been coming for a long time and that is why it may end badly for us working class people. I wish I could be more optimistic!

[moneymaker]

yojimbo has a very good point. What has happened to this country! Our economy in the last 20 years has been fueled by in order, defense spending,dot-com’s with no business plan(stock market speculation),housing speculation. Now people are speculating about gold. What happened to coming up with good ideas, employing people you know and working hard to achieve success in America. We’ve been sold out by our greedy corporations that exported jobs to drive up their stock prices-this has been coming for a long time and that is why it may end badly for us working class people. I wish I could be more optimistic!

[moneymaker]

yojimbo has a very good point. What has happened to this country! Our economy in the last 20 years has been fueled by in order, defense spending,dot-com’s with no business plan(stock market speculation),housing speculation. Now people are speculating about gold. What happened to coming up with good ideas, employing people you know and working hard to achieve success in America. We’ve been sold out by our greedy corporations that exported jobs to drive up their stock prices-this has been coming for a long time and that is why it may end badly for us working class people. I wish I could be more optimistic!

[moneymaker]

yojimbo has a very good point. What has happened to this country! Our economy in the last 20 years has been fueled by in order, defense spending,dot-com’s with no business plan(stock market speculation),housing speculation. Now people are speculating about gold. What happened to coming up with good ideas, employing people you know and working hard to achieve success in America. We’ve been sold out by our greedy corporations that exported jobs to drive up their stock prices-this has been coming for a long time and that is why it may end badly for us working class people. I wish I could be more optimistic!

[moneymaker]

yojimbo has a very good point. What has happened to this country! Our economy in the last 20 years has been fueled by in order, defense spending,dot-com’s with no business plan(stock market speculation),housing speculation. Now people are speculating about gold. What happened to coming up with good ideas, employing people you know and working hard to achieve success in America. We’ve been sold out by our greedy corporations that exported jobs to drive up their stock prices-this has been coming for a long time and that is why it may end badly for us working class people. I wish I could be more optimistic!

[moneymaker]

I “only” pay $750 a month in rent for a 3 bed 2 bath, and I just found out it’s going up $40 next year. I think I’ll look around! Since it costs $8800 a year to edumacate my son and I don’t pay any property taxes directly I guess it’s not such a bad deal, but I’m still looking. Even though it still makes sense to rent, I would still like to be able to afford to buy and that is why I must wait a little longer.

[moneymaker]

I “only” pay $750 a month in rent for a 3 bed 2 bath, and I just found out it’s going up $40 next year. I think I’ll look around! Since it costs $8800 a year to edumacate my son and I don’t pay any property taxes directly I guess it’s not such a bad deal, but I’m still looking. Even though it still makes sense to rent, I would still like to be able to afford to buy and that is why I must wait a little longer.

[moneymaker]

I “only” pay $750 a month in rent for a 3 bed 2 bath, and I just found out it’s going up $40 next year. I think I’ll look around! Since it costs $8800 a year to edumacate my son and I don’t pay any property taxes directly I guess it’s not such a bad deal, but I’m still looking. Even though it still makes sense to rent, I would still like to be able to afford to buy and that is why I must wait a little longer.

[moneymaker]

I “only” pay $750 a month in rent for a 3 bed 2 bath, and I just found out it’s going up $40 next year. I think I’ll look around! Since it costs $8800 a year to edumacate my son and I don’t pay any property taxes directly I guess it’s not such a bad deal, but I’m still looking. Even though it still makes sense to rent, I would still like to be able to afford to buy and that is why I must wait a little longer.

[moneymaker]

I “only” pay $750 a month in rent for a 3 bed 2 bath, and I just found out it’s going up $40 next year. I think I’ll look around! Since it costs $8800 a year to edumacate my son and I don’t pay any property taxes directly I guess it’s not such a bad deal, but I’m still looking. Even though it still makes sense to rent, I would still like to be able to afford to buy and that is why I must wait a little longer.

[moneymaker]

If the government buys stock in banks, is that not an endorsement of past behavior? I think the government should buy the foreclosed property much like any rich/smart? investor would who had cash. Of course this will still lead to inflation. Inflation is inevitable, just like in post depression Germany when it took a wheel barrow full of cash to buy a loaf of bread. Inflation will also help those that are struggling with their payments but can still manage. Although food will go up (invest in rice and corn(cheap food) futures), the amount(%) paid toward mortgage will go down. That is what is needed and that is what will happen.

[moneymaker]

If the government buys stock in banks, is that not an endorsement of past behavior? I think the government should buy the foreclosed property much like any rich/smart? investor would who had cash. Of course this will still lead to inflation. Inflation is inevitable, just like in post depression Germany when it took a wheel barrow full of cash to buy a loaf of bread. Inflation will also help those that are struggling with their payments but can still manage. Although food will go up (invest in rice and corn(cheap food) futures), the amount(%) paid toward mortgage will go down. That is what is needed and that is what will happen.

[Author]

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