[patb]

What would they call it the?

The BuckTooth?

The Hilbilly?

The Redneck Credit?

[patb]

mish is smart but he tends to want to blame the public service unions when he should spend more time crucifying the bankers.

[patb]

mish is smart but he tends to want to blame the public service unions when he should spend more time crucifying the bankers.

[patb]

mish is smart but he tends to want to blame the public service unions when he should spend more time crucifying the bankers.

[patb]

mish is smart but he tends to want to blame the public service unions when he should spend more time crucifying the bankers.

[patb]

mish is smart but he tends to want to blame the public service unions when he should spend more time crucifying the bankers.

[patb]

it seems to me there are several kinds of risks in a mortgage

1) Payment risk

2) Inflation risk

3) Return Risk.

Now the Feds sell 30 year bonds, which price the Inflation risk and Risk free return for bonds.

so 30 year mortgages can be priced against 30 year bonds with a small premium for Payment risks.

i would rather see the tax deduction go away then the 30 year mortgage

[patb]

it seems to me there are several kinds of risks in a mortgage

1) Payment risk

2) Inflation risk

3) Return Risk.

Now the Feds sell 30 year bonds, which price the Inflation risk and Risk free return for bonds.

so 30 year mortgages can be priced against 30 year bonds with a small premium for Payment risks.

i would rather see the tax deduction go away then the 30 year mortgage

[patb]

it seems to me there are several kinds of risks in a mortgage

1) Payment risk

2) Inflation risk

3) Return Risk.

Now the Feds sell 30 year bonds, which price the Inflation risk and Risk free return for bonds.

so 30 year mortgages can be priced against 30 year bonds with a small premium for Payment risks.

i would rather see the tax deduction go away then the 30 year mortgage

[patb]

it seems to me there are several kinds of risks in a mortgage

1) Payment risk

2) Inflation risk

3) Return Risk.

Now the Feds sell 30 year bonds, which price the Inflation risk and Risk free return for bonds.

so 30 year mortgages can be priced against 30 year bonds with a small premium for Payment risks.

i would rather see the tax deduction go away then the 30 year mortgage

[patb]

it seems to me there are several kinds of risks in a mortgage

1) Payment risk

2) Inflation risk

3) Return Risk.

Now the Feds sell 30 year bonds, which price the Inflation risk and Risk free return for bonds.

so 30 year mortgages can be priced against 30 year bonds with a small premium for Payment risks.

i would rather see the tax deduction go away then the 30 year mortgage

[patb]

yes

as rates rise people lose purchasing power,

now it’s more then just X vs Y, people adjust by
taking shorter terms or ARMs or I/Os

but yes, which is why i didn’t turn out in the last 2 years, the Bernank was pushing chea money to support prices, when rates rose 2%, prices would be subject to a decline of 20%

[patb]

yes

as rates rise people lose purchasing power,

now it’s more then just X vs Y, people adjust by
taking shorter terms or ARMs or I/Os

but yes, which is why i didn’t turn out in the last 2 years, the Bernank was pushing chea money to support prices, when rates rose 2%, prices would be subject to a decline of 20%

[patb]

yes

as rates rise people lose purchasing power,

now it’s more then just X vs Y, people adjust by
taking shorter terms or ARMs or I/Os

but yes, which is why i didn’t turn out in the last 2 years, the Bernank was pushing chea money to support prices, when rates rose 2%, prices would be subject to a decline of 20%

[patb]

yes

as rates rise people lose purchasing power,

now it’s more then just X vs Y, people adjust by
taking shorter terms or ARMs or I/Os

but yes, which is why i didn’t turn out in the last 2 years, the Bernank was pushing chea money to support prices, when rates rose 2%, prices would be subject to a decline of 20%

[Author]

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