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NicMM
ParticipantI don’t know where the condo sdrealtor was talking about. But I saw similar situation in Rancho Bernardo. There are several Water Bridge 2bd condos are at low 200k. They were priced over 400k at the peak. With 20% downpay, it could break even. But I thought a break event point at 0% downpay would be more attractive.
August 13, 2008 at 4:51 PM in reply to: Buying next year, what to do with down payment money? #256596Participant[quote=FormerSanDiegan]NicMM – Surely these aren’t funds that you need within the next 1-3 years, right ?[/quote]
FSD, honestly I am not sure. But I have to admit I am not a very patient person. Last year I bought Baidu (BIDU) at $90 and told my coworkers that it would be my retirement golden mine. But I was knocked out when it dropped from $140 to $120. I kept kicking my butt when watching it shot to $180, $200, $300,…
History repeats itself a lot!!! Now I have accepted the fact that I can only earn the first 30% gain. Maybe that’s my destiny.August 13, 2008 at 4:51 PM in reply to: Buying next year, what to do with down payment money? #256777Participant[quote=FormerSanDiegan]NicMM – Surely these aren’t funds that you need within the next 1-3 years, right ?[/quote]
FSD, honestly I am not sure. But I have to admit I am not a very patient person. Last year I bought Baidu (BIDU) at $90 and told my coworkers that it would be my retirement golden mine. But I was knocked out when it dropped from $140 to $120. I kept kicking my butt when watching it shot to $180, $200, $300,…
History repeats itself a lot!!! Now I have accepted the fact that I can only earn the first 30% gain. Maybe that’s my destiny.August 13, 2008 at 4:51 PM in reply to: Buying next year, what to do with down payment money? #256781Participant[quote=FormerSanDiegan]NicMM – Surely these aren’t funds that you need within the next 1-3 years, right ?[/quote]
FSD, honestly I am not sure. But I have to admit I am not a very patient person. Last year I bought Baidu (BIDU) at $90 and told my coworkers that it would be my retirement golden mine. But I was knocked out when it dropped from $140 to $120. I kept kicking my butt when watching it shot to $180, $200, $300,…
History repeats itself a lot!!! Now I have accepted the fact that I can only earn the first 30% gain. Maybe that’s my destiny.August 13, 2008 at 4:51 PM in reply to: Buying next year, what to do with down payment money? #256838Participant[quote=FormerSanDiegan]NicMM – Surely these aren’t funds that you need within the next 1-3 years, right ?[/quote]
FSD, honestly I am not sure. But I have to admit I am not a very patient person. Last year I bought Baidu (BIDU) at $90 and told my coworkers that it would be my retirement golden mine. But I was knocked out when it dropped from $140 to $120. I kept kicking my butt when watching it shot to $180, $200, $300,…
History repeats itself a lot!!! Now I have accepted the fact that I can only earn the first 30% gain. Maybe that’s my destiny.August 13, 2008 at 4:51 PM in reply to: Buying next year, what to do with down payment money? #256886Participant[quote=FormerSanDiegan]NicMM – Surely these aren’t funds that you need within the next 1-3 years, right ?[/quote]
FSD, honestly I am not sure. But I have to admit I am not a very patient person. Last year I bought Baidu (BIDU) at $90 and told my coworkers that it would be my retirement golden mine. But I was knocked out when it dropped from $140 to $120. I kept kicking my butt when watching it shot to $180, $200, $300,…
History repeats itself a lot!!! Now I have accepted the fact that I can only earn the first 30% gain. Maybe that’s my destiny.August 13, 2008 at 11:14 AM in reply to: Buying next year, what to do with down payment money? #256485ParticipantI gained about 33% from the stock market so far. A month ago my portfolio had gained over 100%, mostly from trading a penny stock.It seemed appealing to me because it is about alternative energy. I got in early (last year) when there was no one desiring it. This year it took off, but soon became a speculator’s pet. In the past month I got unlucky. In 3 days that stock lost 40% of its value and I was knocked out. Today it has been up 30% again from my exit point. It’s crazy. I think I am not good for this game and don’t have appetite for this stock any more.
August 13, 2008 at 11:14 AM in reply to: Buying next year, what to do with down payment money? #256667ParticipantI gained about 33% from the stock market so far. A month ago my portfolio had gained over 100%, mostly from trading a penny stock.It seemed appealing to me because it is about alternative energy. I got in early (last year) when there was no one desiring it. This year it took off, but soon became a speculator’s pet. In the past month I got unlucky. In 3 days that stock lost 40% of its value and I was knocked out. Today it has been up 30% again from my exit point. It’s crazy. I think I am not good for this game and don’t have appetite for this stock any more.
August 13, 2008 at 11:14 AM in reply to: Buying next year, what to do with down payment money? #256672ParticipantI gained about 33% from the stock market so far. A month ago my portfolio had gained over 100%, mostly from trading a penny stock.It seemed appealing to me because it is about alternative energy. I got in early (last year) when there was no one desiring it. This year it took off, but soon became a speculator’s pet. In the past month I got unlucky. In 3 days that stock lost 40% of its value and I was knocked out. Today it has been up 30% again from my exit point. It’s crazy. I think I am not good for this game and don’t have appetite for this stock any more.
August 13, 2008 at 11:14 AM in reply to: Buying next year, what to do with down payment money? #256728ParticipantI gained about 33% from the stock market so far. A month ago my portfolio had gained over 100%, mostly from trading a penny stock.It seemed appealing to me because it is about alternative energy. I got in early (last year) when there was no one desiring it. This year it took off, but soon became a speculator’s pet. In the past month I got unlucky. In 3 days that stock lost 40% of its value and I was knocked out. Today it has been up 30% again from my exit point. It’s crazy. I think I am not good for this game and don’t have appetite for this stock any more.
August 13, 2008 at 11:14 AM in reply to: Buying next year, what to do with down payment money? #256775ParticipantI gained about 33% from the stock market so far. A month ago my portfolio had gained over 100%, mostly from trading a penny stock.It seemed appealing to me because it is about alternative energy. I got in early (last year) when there was no one desiring it. This year it took off, but soon became a speculator’s pet. In the past month I got unlucky. In 3 days that stock lost 40% of its value and I was knocked out. Today it has been up 30% again from my exit point. It’s crazy. I think I am not good for this game and don’t have appetite for this stock any more.
ParticipantPiggs,
I finally finished my refinancing and thought I could make an update here. The bank is Citi Mortgage. The rate is 5.875%.
It should be 0 cost. But I still end up to pay some locking fee about $2800 because the lender required us to have 6 months payment history. When I got the rate we had only made 5 mortgage payments. Comparing with today’s rate (about 6.35%), we feel it still makes sense to pay the fee to lock the rate.
Finally it is done. It took a bit long.-NicMM
ParticipantPiggs,
I finally finished my refinancing and thought I could make an update here. The bank is Citi Mortgage. The rate is 5.875%.
It should be 0 cost. But I still end up to pay some locking fee about $2800 because the lender required us to have 6 months payment history. When I got the rate we had only made 5 mortgage payments. Comparing with today’s rate (about 6.35%), we feel it still makes sense to pay the fee to lock the rate.
Finally it is done. It took a bit long.-NicMM
ParticipantPiggs,
I finally finished my refinancing and thought I could make an update here. The bank is Citi Mortgage. The rate is 5.875%.
It should be 0 cost. But I still end up to pay some locking fee about $2800 because the lender required us to have 6 months payment history. When I got the rate we had only made 5 mortgage payments. Comparing with today’s rate (about 6.35%), we feel it still makes sense to pay the fee to lock the rate.
Finally it is done. It took a bit long.-NicMM
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