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Reality
ParticipantHow can you tell what prices would have been with lower interest rates? Just because prices went up doesn’t mean that high interest rates didn’t mitigate the rise.
Most people (not counting all the rich people our realtors seem to know) look for a monthly payment they can handle. More interest = less principal.
ParticipantHow can you tell what prices would have been with lower interest rates? Just because prices went up doesn’t mean that high interest rates didn’t mitigate the rise.
Most people (not counting all the rich people our realtors seem to know) look for a monthly payment they can handle. More interest = less principal.
Participant[quote=SD Realtor]
To completely answer your question, yes I think when the bond market falls apart yes we will have a drop in all areas. Do a mortgage calculation for say a 500k loan at 5% verses 9%.[/quote]This is why I cringe whenever anyone says it’s a great time to buy because of low interest rates.
It’s a great time to refinance is what it is.
Participant[quote=SD Realtor]
To completely answer your question, yes I think when the bond market falls apart yes we will have a drop in all areas. Do a mortgage calculation for say a 500k loan at 5% verses 9%.[/quote]This is why I cringe whenever anyone says it’s a great time to buy because of low interest rates.
It’s a great time to refinance is what it is.
Participant[quote=SD Realtor]
To completely answer your question, yes I think when the bond market falls apart yes we will have a drop in all areas. Do a mortgage calculation for say a 500k loan at 5% verses 9%.[/quote]This is why I cringe whenever anyone says it’s a great time to buy because of low interest rates.
It’s a great time to refinance is what it is.
Participant[quote=SD Realtor]
To completely answer your question, yes I think when the bond market falls apart yes we will have a drop in all areas. Do a mortgage calculation for say a 500k loan at 5% verses 9%.[/quote]This is why I cringe whenever anyone says it’s a great time to buy because of low interest rates.
It’s a great time to refinance is what it is.
Participant[quote=SD Realtor]
To completely answer your question, yes I think when the bond market falls apart yes we will have a drop in all areas. Do a mortgage calculation for say a 500k loan at 5% verses 9%.[/quote]This is why I cringe whenever anyone says it’s a great time to buy because of low interest rates.
It’s a great time to refinance is what it is.
August 18, 2010 at 9:09 PM in reply to: Founder Of Reaganomics Says That “Without A Revolution, Americans Are History” #592876ParticipantDon’t we have the natural resources to produce everything here that we need except maybe oil? Put huge tariffs on everything else and let’s start making stuff here again. We’re on a path to oblivion if we don’t. How can a country survive if it doesn’t produce tangible products?
Tell the rest of the world to pound sand.
August 18, 2010 at 9:09 PM in reply to: Founder Of Reaganomics Says That “Without A Revolution, Americans Are History” #592973ParticipantDon’t we have the natural resources to produce everything here that we need except maybe oil? Put huge tariffs on everything else and let’s start making stuff here again. We’re on a path to oblivion if we don’t. How can a country survive if it doesn’t produce tangible products?
Tell the rest of the world to pound sand.
August 18, 2010 at 9:09 PM in reply to: Founder Of Reaganomics Says That “Without A Revolution, Americans Are History” #593507ParticipantDon’t we have the natural resources to produce everything here that we need except maybe oil? Put huge tariffs on everything else and let’s start making stuff here again. We’re on a path to oblivion if we don’t. How can a country survive if it doesn’t produce tangible products?
Tell the rest of the world to pound sand.
August 18, 2010 at 9:09 PM in reply to: Founder Of Reaganomics Says That “Without A Revolution, Americans Are History” #593618ParticipantDon’t we have the natural resources to produce everything here that we need except maybe oil? Put huge tariffs on everything else and let’s start making stuff here again. We’re on a path to oblivion if we don’t. How can a country survive if it doesn’t produce tangible products?
Tell the rest of the world to pound sand.
August 18, 2010 at 9:09 PM in reply to: Founder Of Reaganomics Says That “Without A Revolution, Americans Are History” #593929ParticipantDon’t we have the natural resources to produce everything here that we need except maybe oil? Put huge tariffs on everything else and let’s start making stuff here again. We’re on a path to oblivion if we don’t. How can a country survive if it doesn’t produce tangible products?
Tell the rest of the world to pound sand.
Participant[quote=sdrealtor]
Think of every business you regularly are a customer of. Someone owns that business and chances are they are making a good living off of it. If you are a salaried worker bee, its hard to relate but alot of self employed people make bank.[/quote]
Most people don’t make bank. Anecdotes of some that do don’t explain anything at the macro level.
Participant[quote=sdrealtor]
Think of every business you regularly are a customer of. Someone owns that business and chances are they are making a good living off of it. If you are a salaried worker bee, its hard to relate but alot of self employed people make bank.[/quote]
Most people don’t make bank. Anecdotes of some that do don’t explain anything at the macro level.
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