[Rich Toscano]

After the site upgrade this weekend users will be able to create their own polls in the forum.

Regarding that other dude’s post, I agree that inflation and future mortgage rates should be considered (I think that both are going to go up). All things equal, it would be great to lock in debt for 30 yrs at these absurdly low rates, which in my opinion come nowhere near to reimbursing the lender for their risk of purchasing power loss over that timeframe.

But everything else isn’t equal. Prices are still declining, and it doesn’t take too much decline to “even out” a jump in rates. And for reasons that have been discussed at length elsewhere on this site, it is better to owe less at a higher rate than to owe more at a lower rate (should you get a chance to refinance, or should you end up selling earlier than you expected, not to mention that in a higher inflation/rate environment you are paying down the real burden of the debt at a quicker pace).

So inflation/rates are something to consider, but I disagree with the premise that you should knowingly buy an overpriced home on the speculation that rates will rise enough to eventually even out the loss.

Finally, I just have to say that I find the idea that the market will suddenly take off without us even realizing it to be ridiculous. Real estate moves slowly, and it specifically tops out and bottoms out slowly (see the prior boom/bust cycles). We are coming off a record shattering 10-year boom and there is little reason to expect the bust to end quickly. We are watching the market closely and while there is little to suggest a turnaround at this time, we are looking for those signs.

So considering the undue attention we are giving to this market, and considering its slow moving nature, why would you suggest that it will take off without us realizing it? You speak of bringing evidence — what evidence do you have that people on this site are that oblivious? The evidence suggests that the people on this site have been ahead of the trends, not behind it as you seem to suggest.

Rich

update Forgot to ask this as well — where is your evidence that “fancy loans” peaked in 2005? Everything I’ve seen suggests that 2006 was a far worse year for underwriting than 2005 (remember to consider refinances as well as sales).

[Rich Toscano]

After the site upgrade this weekend users will be able to create their own polls in the forum.

Regarding that other dude’s post, I agree that inflation and future mortgage rates should be considered (I think that both are going to go up). All things equal, it would be great to lock in debt for 30 yrs at these absurdly low rates, which in my opinion come nowhere near to reimbursing the lender for their risk of purchasing power loss over that timeframe.

But everything else isn’t equal. Prices are still declining, and it doesn’t take too much decline to “even out” a jump in rates. And for reasons that have been discussed at length elsewhere on this site, it is better to owe less at a higher rate than to owe more at a lower rate (should you get a chance to refinance, or should you end up selling earlier than you expected, not to mention that in a higher inflation/rate environment you are paying down the real burden of the debt at a quicker pace).

So inflation/rates are something to consider, but I disagree with the premise that you should knowingly buy an overpriced home on the speculation that rates will rise enough to eventually even out the loss.

Finally, I just have to say that I find the idea that the market will suddenly take off without us even realizing it to be ridiculous. Real estate moves slowly, and it specifically tops out and bottoms out slowly (see the prior boom/bust cycles). We are coming off a record shattering 10-year boom and there is little reason to expect the bust to end quickly. We are watching the market closely and while there is little to suggest a turnaround at this time, we are looking for those signs.

So considering the undue attention we are giving to this market, and considering its slow moving nature, why would you suggest that it will take off without us realizing it? You speak of bringing evidence — what evidence do you have that people on this site are that oblivious? The evidence suggests that the people on this site have been ahead of the trends, not behind it as you seem to suggest.

Rich

update Forgot to ask this as well — where is your evidence that “fancy loans” peaked in 2005? Everything I’ve seen suggests that 2006 was a far worse year for underwriting than 2005 (remember to consider refinances as well as sales).

[Rich Toscano]

After the site upgrade this weekend users will be able to create their own polls in the forum.

Regarding that other dude’s post, I agree that inflation and future mortgage rates should be considered (I think that both are going to go up). All things equal, it would be great to lock in debt for 30 yrs at these absurdly low rates, which in my opinion come nowhere near to reimbursing the lender for their risk of purchasing power loss over that timeframe.

But everything else isn’t equal. Prices are still declining, and it doesn’t take too much decline to “even out” a jump in rates. And for reasons that have been discussed at length elsewhere on this site, it is better to owe less at a higher rate than to owe more at a lower rate (should you get a chance to refinance, or should you end up selling earlier than you expected, not to mention that in a higher inflation/rate environment you are paying down the real burden of the debt at a quicker pace).

So inflation/rates are something to consider, but I disagree with the premise that you should knowingly buy an overpriced home on the speculation that rates will rise enough to eventually even out the loss.

Finally, I just have to say that I find the idea that the market will suddenly take off without us even realizing it to be ridiculous. Real estate moves slowly, and it specifically tops out and bottoms out slowly (see the prior boom/bust cycles). We are coming off a record shattering 10-year boom and there is little reason to expect the bust to end quickly. We are watching the market closely and while there is little to suggest a turnaround at this time, we are looking for those signs.

So considering the undue attention we are giving to this market, and considering its slow moving nature, why would you suggest that it will take off without us realizing it? You speak of bringing evidence — what evidence do you have that people on this site are that oblivious? The evidence suggests that the people on this site have been ahead of the trends, not behind it as you seem to suggest.

Rich

update Forgot to ask this as well — where is your evidence that “fancy loans” peaked in 2005? Everything I’ve seen suggests that 2006 was a far worse year for underwriting than 2005 (remember to consider refinances as well as sales).

[Rich Toscano]

After the site upgrade this weekend users will be able to create their own polls in the forum.

Regarding that other dude’s post, I agree that inflation and future mortgage rates should be considered (I think that both are going to go up). All things equal, it would be great to lock in debt for 30 yrs at these absurdly low rates, which in my opinion come nowhere near to reimbursing the lender for their risk of purchasing power loss over that timeframe.

But everything else isn’t equal. Prices are still declining, and it doesn’t take too much decline to “even out” a jump in rates. And for reasons that have been discussed at length elsewhere on this site, it is better to owe less at a higher rate than to owe more at a lower rate (should you get a chance to refinance, or should you end up selling earlier than you expected, not to mention that in a higher inflation/rate environment you are paying down the real burden of the debt at a quicker pace).

So inflation/rates are something to consider, but I disagree with the premise that you should knowingly buy an overpriced home on the speculation that rates will rise enough to eventually even out the loss.

Finally, I just have to say that I find the idea that the market will suddenly take off without us even realizing it to be ridiculous. Real estate moves slowly, and it specifically tops out and bottoms out slowly (see the prior boom/bust cycles). We are coming off a record shattering 10-year boom and there is little reason to expect the bust to end quickly. We are watching the market closely and while there is little to suggest a turnaround at this time, we are looking for those signs.

So considering the undue attention we are giving to this market, and considering its slow moving nature, why would you suggest that it will take off without us realizing it? You speak of bringing evidence — what evidence do you have that people on this site are that oblivious? The evidence suggests that the people on this site have been ahead of the trends, not behind it as you seem to suggest.

Rich

update Forgot to ask this as well — where is your evidence that “fancy loans” peaked in 2005? Everything I’ve seen suggests that 2006 was a far worse year for underwriting than 2005 (remember to consider refinances as well as sales).

[Rich Toscano]

Thanks afx114 – I would love the help. Actually by coincidence I was just about to post if anyone could give me a quick consult on my config setup. (I am running on the LAMP stack).

I sent email to your address associated with your piggington account. If that doesn’t get through feel free to mail me at rich at piggington. Thanks!

To everyone else, there’s no more need for updates as I’m watching performance closely and aware that it’s really gone to hell in the last few days (aware that it has, but not of why). Per the update on the front page I will try some tuning and then hopefully upgrade the CMS software this weekend.

Rich

[Rich Toscano]

Thanks afx114 – I would love the help. Actually by coincidence I was just about to post if anyone could give me a quick consult on my config setup. (I am running on the LAMP stack).

I sent email to your address associated with your piggington account. If that doesn’t get through feel free to mail me at rich at piggington. Thanks!

To everyone else, there’s no more need for updates as I’m watching performance closely and aware that it’s really gone to hell in the last few days (aware that it has, but not of why). Per the update on the front page I will try some tuning and then hopefully upgrade the CMS software this weekend.

Rich

[Rich Toscano]

Thanks afx114 – I would love the help. Actually by coincidence I was just about to post if anyone could give me a quick consult on my config setup. (I am running on the LAMP stack).

I sent email to your address associated with your piggington account. If that doesn’t get through feel free to mail me at rich at piggington. Thanks!

To everyone else, there’s no more need for updates as I’m watching performance closely and aware that it’s really gone to hell in the last few days (aware that it has, but not of why). Per the update on the front page I will try some tuning and then hopefully upgrade the CMS software this weekend.

Rich

[Rich Toscano]

Thanks afx114 – I would love the help. Actually by coincidence I was just about to post if anyone could give me a quick consult on my config setup. (I am running on the LAMP stack).

I sent email to your address associated with your piggington account. If that doesn’t get through feel free to mail me at rich at piggington. Thanks!

To everyone else, there’s no more need for updates as I’m watching performance closely and aware that it’s really gone to hell in the last few days (aware that it has, but not of why). Per the update on the front page I will try some tuning and then hopefully upgrade the CMS software this weekend.

Rich

[Rich Toscano]

Thanks afx114 – I would love the help. Actually by coincidence I was just about to post if anyone could give me a quick consult on my config setup. (I am running on the LAMP stack).

I sent email to your address associated with your piggington account. If that doesn’t get through feel free to mail me at rich at piggington. Thanks!

To everyone else, there’s no more need for updates as I’m watching performance closely and aware that it’s really gone to hell in the last few days (aware that it has, but not of why). Per the update on the front page I will try some tuning and then hopefully upgrade the CMS software this weekend.

Rich

[Rich Toscano]

I’m not going to delete anything because I have nothing to hide. It just seemed to me like you were trying to make my life difficult. Forgive me if that interpretation was incorrect.

Like I said above, everything I put on this site and the PCA site is reviewed, approved, and recorded for compliance. Linking from one compliant site to another is not a compliance violation in any way and I have no idea why you think it would be. Thanks for your concern (and I mean that sincerely, if indeed that’s really what this is).

Rich

[Rich Toscano]

I’m not going to delete anything because I have nothing to hide. It just seemed to me like you were trying to make my life difficult. Forgive me if that interpretation was incorrect.

Like I said above, everything I put on this site and the PCA site is reviewed, approved, and recorded for compliance. Linking from one compliant site to another is not a compliance violation in any way and I have no idea why you think it would be. Thanks for your concern (and I mean that sincerely, if indeed that’s really what this is).

Rich

[Rich Toscano]

I’m not going to delete anything because I have nothing to hide. It just seemed to me like you were trying to make my life difficult. Forgive me if that interpretation was incorrect.

Like I said above, everything I put on this site and the PCA site is reviewed, approved, and recorded for compliance. Linking from one compliant site to another is not a compliance violation in any way and I have no idea why you think it would be. Thanks for your concern (and I mean that sincerely, if indeed that’s really what this is).

Rich

[Rich Toscano]

I’m not going to delete anything because I have nothing to hide. It just seemed to me like you were trying to make my life difficult. Forgive me if that interpretation was incorrect.

Like I said above, everything I put on this site and the PCA site is reviewed, approved, and recorded for compliance. Linking from one compliant site to another is not a compliance violation in any way and I have no idea why you think it would be. Thanks for your concern (and I mean that sincerely, if indeed that’s really what this is).

Rich

[Rich Toscano]

I’m not going to delete anything because I have nothing to hide. It just seemed to me like you were trying to make my life difficult. Forgive me if that interpretation was incorrect.

Like I said above, everything I put on this site and the PCA site is reviewed, approved, and recorded for compliance. Linking from one compliant site to another is not a compliance violation in any way and I have no idea why you think it would be. Thanks for your concern (and I mean that sincerely, if indeed that’s really what this is).

Rich

[Rich Toscano]

To the poster formerly known as RatherOpinionated, RemingtonRd, and YokohamaCt; and now going by the handle poway_seller —

Everything on the PCA site has been approved pre-publishing by my b/d’s general counsel. He has also approved my linking from this site to the PCA site. (Additionally everything I write on this site is reviewed by my OSJ and sent for the record to general counsel).

Now, I can’t help but think that if you were really concerned about my welfare, you wouldn’t attempt to call me out for a perceived (and wrong) violation of FINRA regulations on a public message board. So it seems pretty clear that you are trying to make trouble once again. So let’s just cut that out right now, ok?

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