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peterb
ParticipantAll the data points to this sector of housing to be the next place to take a dive. But your location is highly desireable. So it fights the down draft fairly hard. I would think that 10% to 20% reductions in the next 12 months would not be out of line. Look how long the homes are staying on the market. If you can wait, I would. Things are not getting better any time soon.
ParticipantAll the data points to this sector of housing to be the next place to take a dive. But your location is highly desireable. So it fights the down draft fairly hard. I would think that 10% to 20% reductions in the next 12 months would not be out of line. Look how long the homes are staying on the market. If you can wait, I would. Things are not getting better any time soon.
ParticipantAll the data points to this sector of housing to be the next place to take a dive. But your location is highly desireable. So it fights the down draft fairly hard. I would think that 10% to 20% reductions in the next 12 months would not be out of line. Look how long the homes are staying on the market. If you can wait, I would. Things are not getting better any time soon.
ParticipantIf one really believes the fundementals of our economy, or the world for that matter, are really about to turn around…then by all means, jump in.
But look around. This is a massive wreck in slow motion because Uncle Sam is going “off-the-hook” to stall the inevitable. These tactics are not creating jobs and productivity to our society. They are strictly stalling tactics….hoping that something will happen to make everything good again. When you figure out what that something is, let us all know.ParticipantIf one really believes the fundementals of our economy, or the world for that matter, are really about to turn around…then by all means, jump in.
But look around. This is a massive wreck in slow motion because Uncle Sam is going “off-the-hook” to stall the inevitable. These tactics are not creating jobs and productivity to our society. They are strictly stalling tactics….hoping that something will happen to make everything good again. When you figure out what that something is, let us all know.ParticipantIf one really believes the fundementals of our economy, or the world for that matter, are really about to turn around…then by all means, jump in.
But look around. This is a massive wreck in slow motion because Uncle Sam is going “off-the-hook” to stall the inevitable. These tactics are not creating jobs and productivity to our society. They are strictly stalling tactics….hoping that something will happen to make everything good again. When you figure out what that something is, let us all know.ParticipantIf one really believes the fundementals of our economy, or the world for that matter, are really about to turn around…then by all means, jump in.
But look around. This is a massive wreck in slow motion because Uncle Sam is going “off-the-hook” to stall the inevitable. These tactics are not creating jobs and productivity to our society. They are strictly stalling tactics….hoping that something will happen to make everything good again. When you figure out what that something is, let us all know.ParticipantIf one really believes the fundementals of our economy, or the world for that matter, are really about to turn around…then by all means, jump in.
But look around. This is a massive wreck in slow motion because Uncle Sam is going “off-the-hook” to stall the inevitable. These tactics are not creating jobs and productivity to our society. They are strictly stalling tactics….hoping that something will happen to make everything good again. When you figure out what that something is, let us all know.ParticipantIt does seem as though long term rates are starting to creep up. This would put downward pricing pressure on houses.
Higher interest rates would increase deflation as well, in general.Not sure about the 3% downpayment deals. HLS seems to be the guy who knows what’s really going on in the mortgage business right now. But money is money. Losing it never feels good. Even if it’s the “houses” money. Which it really isnt if you took it from the house. It’s yours.
ParticipantIt does seem as though long term rates are starting to creep up. This would put downward pricing pressure on houses.
Higher interest rates would increase deflation as well, in general.Not sure about the 3% downpayment deals. HLS seems to be the guy who knows what’s really going on in the mortgage business right now. But money is money. Losing it never feels good. Even if it’s the “houses” money. Which it really isnt if you took it from the house. It’s yours.
ParticipantIt does seem as though long term rates are starting to creep up. This would put downward pricing pressure on houses.
Higher interest rates would increase deflation as well, in general.Not sure about the 3% downpayment deals. HLS seems to be the guy who knows what’s really going on in the mortgage business right now. But money is money. Losing it never feels good. Even if it’s the “houses” money. Which it really isnt if you took it from the house. It’s yours.
ParticipantIt does seem as though long term rates are starting to creep up. This would put downward pricing pressure on houses.
Higher interest rates would increase deflation as well, in general.Not sure about the 3% downpayment deals. HLS seems to be the guy who knows what’s really going on in the mortgage business right now. But money is money. Losing it never feels good. Even if it’s the “houses” money. Which it really isnt if you took it from the house. It’s yours.
ParticipantIt does seem as though long term rates are starting to creep up. This would put downward pricing pressure on houses.
Higher interest rates would increase deflation as well, in general.Not sure about the 3% downpayment deals. HLS seems to be the guy who knows what’s really going on in the mortgage business right now. But money is money. Losing it never feels good. Even if it’s the “houses” money. Which it really isnt if you took it from the house. It’s yours.
ParticipantIn an inflationary environment, I would agree completely. But in a deflationary environment, the risk of losing the downpayment is fairly great. Assuming 5% to 20% plus closing costs, that’s a chunk of change I’d rather keep for myself. But, if you could get a zero down loan, that would be worthwhile, IMO.
In delfation, keeping the cash turns out to often be the best “investment” of all.
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