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NeetaTParticipant
I don’t think the Internet will make a difference nor do I think hearing bad or good news from any source will make a difference. The truth is, people in the U.S. are addicted to spending and will go to any extreme including borrowing money at high interest rates to feed the addiction. If they have bad credit, they will take on high interest rate debt to buy as much house as they can take on even if it means barley getting by month to month. The reason, in my lay opinion for the slow decrease in prices is because people are still willing to buy as much house as they can afford. This addiction has evolved into an innate response over the past few years. This attitude in spending is what feeds the inflation machine.
NeetaTParticipantI don’t think the Internet will make a difference nor do I think hearing bad or good news from any source will make a difference. The truth is, people in the U.S. are addicted to spending and will go to any extreme including borrowing money at high interest rates to feed the addiction. If they have bad credit, they will take on high interest rate debt to buy as much house as they can take on even if it means barley getting by month to month. The reason, in my lay opinion for the slow decrease in prices is because people are still willing to buy as much house as they can afford. This addiction has evolved into an innate response over the past few years. This attitude in spending is what feeds the inflation machine.
NeetaTParticipantI don’t think the Internet will make a difference nor do I think hearing bad or good news from any source will make a difference. The truth is, people in the U.S. are addicted to spending and will go to any extreme including borrowing money at high interest rates to feed the addiction. If they have bad credit, they will take on high interest rate debt to buy as much house as they can take on even if it means barley getting by month to month. The reason, in my lay opinion for the slow decrease in prices is because people are still willing to buy as much house as they can afford. This addiction has evolved into an innate response over the past few years. This attitude in spending is what feeds the inflation machine.
NeetaTParticipantI don’t think the Internet will make a difference nor do I think hearing bad or good news from any source will make a difference. The truth is, people in the U.S. are addicted to spending and will go to any extreme including borrowing money at high interest rates to feed the addiction. If they have bad credit, they will take on high interest rate debt to buy as much house as they can take on even if it means barley getting by month to month. The reason, in my lay opinion for the slow decrease in prices is because people are still willing to buy as much house as they can afford. This addiction has evolved into an innate response over the past few years. This attitude in spending is what feeds the inflation machine.
NeetaTParticipantI don’t think the Internet will make a difference nor do I think hearing bad or good news from any source will make a difference. The truth is, people in the U.S. are addicted to spending and will go to any extreme including borrowing money at high interest rates to feed the addiction. If they have bad credit, they will take on high interest rate debt to buy as much house as they can take on even if it means barley getting by month to month. The reason, in my lay opinion for the slow decrease in prices is because people are still willing to buy as much house as they can afford. This addiction has evolved into an innate response over the past few years. This attitude in spending is what feeds the inflation machine.
December 26, 2007 at 11:21 AM in reply to: California to end the mortgage interest deduction? #124374NeetaTParticipantThat would help me seeing that I always use the standard deduction. The problem is with a drop in home prices brings a drop in property tax revenue which I would not cry over, but for the authorities it would be the standard rob Peter to pay Paul scenario. Lose on property tax and gain on miscellaneous tax.
December 26, 2007 at 11:21 AM in reply to: California to end the mortgage interest deduction? #124522NeetaTParticipantThat would help me seeing that I always use the standard deduction. The problem is with a drop in home prices brings a drop in property tax revenue which I would not cry over, but for the authorities it would be the standard rob Peter to pay Paul scenario. Lose on property tax and gain on miscellaneous tax.
December 26, 2007 at 11:21 AM in reply to: California to end the mortgage interest deduction? #124544NeetaTParticipantThat would help me seeing that I always use the standard deduction. The problem is with a drop in home prices brings a drop in property tax revenue which I would not cry over, but for the authorities it would be the standard rob Peter to pay Paul scenario. Lose on property tax and gain on miscellaneous tax.
December 26, 2007 at 11:21 AM in reply to: California to end the mortgage interest deduction? #124601NeetaTParticipantThat would help me seeing that I always use the standard deduction. The problem is with a drop in home prices brings a drop in property tax revenue which I would not cry over, but for the authorities it would be the standard rob Peter to pay Paul scenario. Lose on property tax and gain on miscellaneous tax.
December 26, 2007 at 11:21 AM in reply to: California to end the mortgage interest deduction? #124623NeetaTParticipantThat would help me seeing that I always use the standard deduction. The problem is with a drop in home prices brings a drop in property tax revenue which I would not cry over, but for the authorities it would be the standard rob Peter to pay Paul scenario. Lose on property tax and gain on miscellaneous tax.
NeetaTParticipantStop looking at anything other than fixed rate, now!!!!!
NeetaTParticipantStop looking at anything other than fixed rate, now!!!!!
NeetaTParticipantStop looking at anything other than fixed rate, now!!!!!
NeetaTParticipantStop looking at anything other than fixed rate, now!!!!!
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