[Raybyrnes]

asianautica

Completely appreciate your comment and ackwnowlege that you need to have the funds to have purchased. My comment is towards those who had the financial means to buy but for some reason felt that prices were too high and might come down or just elected not to buy.

With respect to your second comment “I rather be late (miss the bottom) and catch it on the way up than catch a falling knife” I am the logic becasue you can be just as far off in your timing.

[Raybyrnes]

asianautica

Completely appreciate your comment and ackwnowlege that you need to have the funds to have purchased. My comment is towards those who had the financial means to buy but for some reason felt that prices were too high and might come down or just elected not to buy.

With respect to your second comment “I rather be late (miss the bottom) and catch it on the way up than catch a falling knife” I am the logic becasue you can be just as far off in your timing.

[Raybyrnes]

asianautica

Completely appreciate your comment and ackwnowlege that you need to have the funds to have purchased. My comment is towards those who had the financial means to buy but for some reason felt that prices were too high and might come down or just elected not to buy.

With respect to your second comment “I rather be late (miss the bottom) and catch it on the way up than catch a falling knife” I am the logic becasue you can be just as far off in your timing.

[Raybyrnes]

So if you are smart enough to wait it out while prices are going down what to say you are not going to be dumb enough to wait too long to jump back in. Anyone who has been living here for 7 years of longer and did not buy missed the boat once. What is to say they are not going to miss it again. Seems to me you might be smart to be renting relative to the guy buying in 2006 but you must really look pretty dumb compared to the guy who bought in 99.

Couldn’t buyers have created a site about renters in 1999 talking about the Kool Aid of renting.

Here’s a forecast there will be a handful of people the will time the market perfectly. For the rest they will either buy to early or buy too late. Just the way it is.

[Raybyrnes]

So if you are smart enough to wait it out while prices are going down what to say you are not going to be dumb enough to wait too long to jump back in. Anyone who has been living here for 7 years of longer and did not buy missed the boat once. What is to say they are not going to miss it again. Seems to me you might be smart to be renting relative to the guy buying in 2006 but you must really look pretty dumb compared to the guy who bought in 99.

Couldn’t buyers have created a site about renters in 1999 talking about the Kool Aid of renting.

Here’s a forecast there will be a handful of people the will time the market perfectly. For the rest they will either buy to early or buy too late. Just the way it is.

[Raybyrnes]

So if you are smart enough to wait it out while prices are going down what to say you are not going to be dumb enough to wait too long to jump back in. Anyone who has been living here for 7 years of longer and did not buy missed the boat once. What is to say they are not going to miss it again. Seems to me you might be smart to be renting relative to the guy buying in 2006 but you must really look pretty dumb compared to the guy who bought in 99.

Couldn’t buyers have created a site about renters in 1999 talking about the Kool Aid of renting.

Here’s a forecast there will be a handful of people the will time the market perfectly. For the rest they will either buy to early or buy too late. Just the way it is.

[Raybyrnes]

I used HSBC. I am not a fan of their site and setting up joint account when your married is a pain. Customer service people are good but it usually takes 15 to 20 minutes to get soemone on the line. They were paying 6% yield on MMA for new money moved into the accounts. Thought this was a decent rate.

[Raybyrnes]

I used HSBC. I am not a fan of their site and setting up joint account when your married is a pain. Customer service people are good but it usually takes 15 to 20 minutes to get soemone on the line. They were paying 6% yield on MMA for new money moved into the accounts. Thought this was a decent rate.

[Raybyrnes]

I used HSBC. I am not a fan of their site and setting up joint account when your married is a pain. Customer service people are good but it usually takes 15 to 20 minutes to get soemone on the line. They were paying 6% yield on MMA for new money moved into the accounts. Thought this was a decent rate.

[Raybyrnes]

5% is above the prevailing rates and if they are offering an additional 1 % for an introductory period I would consider that a kicker.

Couple of thoughts. Washington Mutual offers an online accoutn that pay 5%. The benefit of having your bank account and onlie account in the saem place is that you can transfer funds immediately. This quickly offsets the higher yield when you ahve to wait 3 days for it to hit your account.

You mar also want to look at Charles Schwab which is offering a checking account that is paying 4.25 and a brokerage account wheer Sweep accounts are paying over 5%. Again by hveing money ion the same place you can move money same day.

[Raybyrnes]

5% is above the prevailing rates and if they are offering an additional 1 % for an introductory period I would consider that a kicker.

Couple of thoughts. Washington Mutual offers an online accoutn that pay 5%. The benefit of having your bank account and onlie account in the saem place is that you can transfer funds immediately. This quickly offsets the higher yield when you ahve to wait 3 days for it to hit your account.

You mar also want to look at Charles Schwab which is offering a checking account that is paying 4.25 and a brokerage account wheer Sweep accounts are paying over 5%. Again by hveing money ion the same place you can move money same day.

[Raybyrnes]

5% is above the prevailing rates and if they are offering an additional 1 % for an introductory period I would consider that a kicker.

Couple of thoughts. Washington Mutual offers an online accoutn that pay 5%. The benefit of having your bank account and onlie account in the saem place is that you can transfer funds immediately. This quickly offsets the higher yield when you ahve to wait 3 days for it to hit your account.

You mar also want to look at Charles Schwab which is offering a checking account that is paying 4.25 and a brokerage account wheer Sweep accounts are paying over 5%. Again by hveing money ion the same place you can move money same day.

[Raybyrnes]

Navy fed’s program offering greater than 100% are probably tied to VA loans in which case they are insured by the federal government. If someone defaults on this type of loan the bank gets paid back a high percentage on each dollar (I don’t have the speacific amount) Student Loans and SBA loan are comparable. Student loans are 98 cents on the dollar that lenders get paid back for defaults. SBA loans I am uncertain about. Probably 75 to 80 cents on the dollar.

[Raybyrnes]

Navy fed’s program offering greater than 100% are probably tied to VA loans in which case they are insured by the federal government. If someone defaults on this type of loan the bank gets paid back a high percentage on each dollar (I don’t have the speacific amount) Student Loans and SBA loan are comparable. Student loans are 98 cents on the dollar that lenders get paid back for defaults. SBA loans I am uncertain about. Probably 75 to 80 cents on the dollar.

[Raybyrnes]

Navy fed’s program offering greater than 100% are probably tied to VA loans in which case they are insured by the federal government. If someone defaults on this type of loan the bank gets paid back a high percentage on each dollar (I don’t have the speacific amount) Student Loans and SBA loan are comparable. Student loans are 98 cents on the dollar that lenders get paid back for defaults. SBA loans I am uncertain about. Probably 75 to 80 cents on the dollar.

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