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patientrenter
Participant[quote=SK in CV]This is a good thing for all parties concerned…. Though I suspect that it will rarely be used, it will aid in providing stability to the market. [/quote]
Stability. Definition:
I borrow money and buy assets.
If asset prices go up, I get rich.
If asset prices go down, I don’t lose much.
Of course, it’s no free lunch. Someone has to pay for every penny this “stability” costs. But if it’s someone else who pays, then I’m OK. It’s all for the good of the “economy” . L’economie, c’est moi. It’s good to be the king.
Participant[quote=SK in CV]This is a good thing for all parties concerned…. Though I suspect that it will rarely be used, it will aid in providing stability to the market. [/quote]
Stability. Definition:
I borrow money and buy assets.
If asset prices go up, I get rich.
If asset prices go down, I don’t lose much.
Of course, it’s no free lunch. Someone has to pay for every penny this “stability” costs. But if it’s someone else who pays, then I’m OK. It’s all for the good of the “economy” . L’economie, c’est moi. It’s good to be the king.
Participant[quote=SK in CV]This is a good thing for all parties concerned…. Though I suspect that it will rarely be used, it will aid in providing stability to the market. [/quote]
Stability. Definition:
I borrow money and buy assets.
If asset prices go up, I get rich.
If asset prices go down, I don’t lose much.
Of course, it’s no free lunch. Someone has to pay for every penny this “stability” costs. But if it’s someone else who pays, then I’m OK. It’s all for the good of the “economy” . L’economie, c’est moi. It’s good to be the king.
ParticipantI don’t understand why Europe and USA don’t just pay half the difference between what Russia is demanding and what Ukraine says it can pay.
If Ukraine has to pay only half the increase, they should be able to afford some. And having to pay more than they want will incent them to become more energy-efficient. Right now, they are addicted to cheap energy. Over time, Europe and the USA can reduce the subsidy, and the Ukrainian economy will be forced to become more energy-efficient.
ParticipantI don’t understand why Europe and USA don’t just pay half the difference between what Russia is demanding and what Ukraine says it can pay.
If Ukraine has to pay only half the increase, they should be able to afford some. And having to pay more than they want will incent them to become more energy-efficient. Right now, they are addicted to cheap energy. Over time, Europe and the USA can reduce the subsidy, and the Ukrainian economy will be forced to become more energy-efficient.
ParticipantI don’t understand why Europe and USA don’t just pay half the difference between what Russia is demanding and what Ukraine says it can pay.
If Ukraine has to pay only half the increase, they should be able to afford some. And having to pay more than they want will incent them to become more energy-efficient. Right now, they are addicted to cheap energy. Over time, Europe and the USA can reduce the subsidy, and the Ukrainian economy will be forced to become more energy-efficient.
ParticipantI don’t understand why Europe and USA don’t just pay half the difference between what Russia is demanding and what Ukraine says it can pay.
If Ukraine has to pay only half the increase, they should be able to afford some. And having to pay more than they want will incent them to become more energy-efficient. Right now, they are addicted to cheap energy. Over time, Europe and the USA can reduce the subsidy, and the Ukrainian economy will be forced to become more energy-efficient.
ParticipantI don’t understand why Europe and USA don’t just pay half the difference between what Russia is demanding and what Ukraine says it can pay.
If Ukraine has to pay only half the increase, they should be able to afford some. And having to pay more than they want will incent them to become more energy-efficient. Right now, they are addicted to cheap energy. Over time, Europe and the USA can reduce the subsidy, and the Ukrainian economy will be forced to become more energy-efficient.
Participant[quote=Allan from Fallbrook]Veritas: So what, exactly, are you saying?[/quote]
Yeah, Veritas, I didn’t get it either. Can you be more explicit?
Participant[quote=Allan from Fallbrook]Veritas: So what, exactly, are you saying?[/quote]
Yeah, Veritas, I didn’t get it either. Can you be more explicit?
Participant[quote=Allan from Fallbrook]Veritas: So what, exactly, are you saying?[/quote]
Yeah, Veritas, I didn’t get it either. Can you be more explicit?
Participant[quote=Allan from Fallbrook]Veritas: So what, exactly, are you saying?[/quote]
Yeah, Veritas, I didn’t get it either. Can you be more explicit?
Participant[quote=Allan from Fallbrook]Veritas: So what, exactly, are you saying?[/quote]
Yeah, Veritas, I didn’t get it either. Can you be more explicit?
January 5, 2009 at 7:15 PM in reply to: Chances of buying an REO or short-sale without 20% down? #324436Participant[quote=Scarlett] ….saving another 10% down payment or 50-60K may take years and years, realistically (in my case). In the mean time, with kids, it’s nice to have a larger house & yard while they are still young. I didn’t mean that I would buy something right away, but perhaps in the next year or two – hopefully by then the prices would have reached their last/bottom leg in areas I am looking.
[/quote]Scarlett, I am sure that you are a wonderful person, but if it would take you “years and years” to save 10% of the price of the home you want to buy, then you cannot afford it. The only way you can “afford” it is if its price only goes up, not down. That is never guaranteed. It is widespread denial of the simple ‘cash flow’ criterion for affordability that got the entire economy into its current fix.
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