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SD Realtor
ParticipantI blame the wall st bankers for the chargers not making the playoffs.
ParticipantI blame the wall st bankers for the chargers not making the playoffs.
ParticipantI blame the wall st bankers for the chargers not making the playoffs.
ParticipantPR then you do know what the situation was so I am curious as to why you are asking for specific examples?
Prices depreciating is deflation. My terminology of dollars depreciating is to be defined as dollars becoming less valuable. Hope that explanation is more thorough.
Anyways if you are convinced that we are moving in the direction where the dollar is worth less, and prices will be much higher for goods and eventually services so be it.
Going full circle I do agree with the original poster that borrowing lots of dollars now to pay for an asset that you can live in today is not a bad idea given that those dollars will be worth much less in the future. I will freely agree that the asset itself will potentially be worth less as well however I don’t believe that the asset will depreciate as much as the currency will, AND there are not many other opportunities where you can borrow money to do this, AND that the govt encourages you to do so. I think the idea has some merit and is not ideal for everyone but is a good idea for some.
ParticipantPR then you do know what the situation was so I am curious as to why you are asking for specific examples?
Prices depreciating is deflation. My terminology of dollars depreciating is to be defined as dollars becoming less valuable. Hope that explanation is more thorough.
Anyways if you are convinced that we are moving in the direction where the dollar is worth less, and prices will be much higher for goods and eventually services so be it.
Going full circle I do agree with the original poster that borrowing lots of dollars now to pay for an asset that you can live in today is not a bad idea given that those dollars will be worth much less in the future. I will freely agree that the asset itself will potentially be worth less as well however I don’t believe that the asset will depreciate as much as the currency will, AND there are not many other opportunities where you can borrow money to do this, AND that the govt encourages you to do so. I think the idea has some merit and is not ideal for everyone but is a good idea for some.
ParticipantPR then you do know what the situation was so I am curious as to why you are asking for specific examples?
Prices depreciating is deflation. My terminology of dollars depreciating is to be defined as dollars becoming less valuable. Hope that explanation is more thorough.
Anyways if you are convinced that we are moving in the direction where the dollar is worth less, and prices will be much higher for goods and eventually services so be it.
Going full circle I do agree with the original poster that borrowing lots of dollars now to pay for an asset that you can live in today is not a bad idea given that those dollars will be worth much less in the future. I will freely agree that the asset itself will potentially be worth less as well however I don’t believe that the asset will depreciate as much as the currency will, AND there are not many other opportunities where you can borrow money to do this, AND that the govt encourages you to do so. I think the idea has some merit and is not ideal for everyone but is a good idea for some.
ParticipantPR then you do know what the situation was so I am curious as to why you are asking for specific examples?
Prices depreciating is deflation. My terminology of dollars depreciating is to be defined as dollars becoming less valuable. Hope that explanation is more thorough.
Anyways if you are convinced that we are moving in the direction where the dollar is worth less, and prices will be much higher for goods and eventually services so be it.
Going full circle I do agree with the original poster that borrowing lots of dollars now to pay for an asset that you can live in today is not a bad idea given that those dollars will be worth much less in the future. I will freely agree that the asset itself will potentially be worth less as well however I don’t believe that the asset will depreciate as much as the currency will, AND there are not many other opportunities where you can borrow money to do this, AND that the govt encourages you to do so. I think the idea has some merit and is not ideal for everyone but is a good idea for some.
ParticipantPR then you do know what the situation was so I am curious as to why you are asking for specific examples?
Prices depreciating is deflation. My terminology of dollars depreciating is to be defined as dollars becoming less valuable. Hope that explanation is more thorough.
Anyways if you are convinced that we are moving in the direction where the dollar is worth less, and prices will be much higher for goods and eventually services so be it.
Going full circle I do agree with the original poster that borrowing lots of dollars now to pay for an asset that you can live in today is not a bad idea given that those dollars will be worth much less in the future. I will freely agree that the asset itself will potentially be worth less as well however I don’t believe that the asset will depreciate as much as the currency will, AND there are not many other opportunities where you can borrow money to do this, AND that the govt encourages you to do so. I think the idea has some merit and is not ideal for everyone but is a good idea for some.
ParticipantThe MLS has a function called Realist. Simply ask your agent to pull up the realist tax roll report and on there it will specify how much the note is for (or notes if there were 2 mortgages). If there is no note then the purchase was cash. Also when the property was entered as sold on the MLS the realtor must enter whether the sale was cash or financing and if it was financed whether it was conventional or not. It is a task that will take a realtor about 40 seconds. If you wanna post the address or pm it I can do it for you or any of the realtors on the site here can.
ParticipantThe MLS has a function called Realist. Simply ask your agent to pull up the realist tax roll report and on there it will specify how much the note is for (or notes if there were 2 mortgages). If there is no note then the purchase was cash. Also when the property was entered as sold on the MLS the realtor must enter whether the sale was cash or financing and if it was financed whether it was conventional or not. It is a task that will take a realtor about 40 seconds. If you wanna post the address or pm it I can do it for you or any of the realtors on the site here can.
ParticipantThe MLS has a function called Realist. Simply ask your agent to pull up the realist tax roll report and on there it will specify how much the note is for (or notes if there were 2 mortgages). If there is no note then the purchase was cash. Also when the property was entered as sold on the MLS the realtor must enter whether the sale was cash or financing and if it was financed whether it was conventional or not. It is a task that will take a realtor about 40 seconds. If you wanna post the address or pm it I can do it for you or any of the realtors on the site here can.
ParticipantThe MLS has a function called Realist. Simply ask your agent to pull up the realist tax roll report and on there it will specify how much the note is for (or notes if there were 2 mortgages). If there is no note then the purchase was cash. Also when the property was entered as sold on the MLS the realtor must enter whether the sale was cash or financing and if it was financed whether it was conventional or not. It is a task that will take a realtor about 40 seconds. If you wanna post the address or pm it I can do it for you or any of the realtors on the site here can.
ParticipantThe MLS has a function called Realist. Simply ask your agent to pull up the realist tax roll report and on there it will specify how much the note is for (or notes if there were 2 mortgages). If there is no note then the purchase was cash. Also when the property was entered as sold on the MLS the realtor must enter whether the sale was cash or financing and if it was financed whether it was conventional or not. It is a task that will take a realtor about 40 seconds. If you wanna post the address or pm it I can do it for you or any of the realtors on the site here can.
ParticipantI thought Rich explained it very well so I will try to augment his theory..
3. As a result of foreign currency pegs, QE here leads to looser monetary policy and thus higher demand in foreign countries. This leads to increased competition for commodities and many other items that could feed into our own domestic prices, regardless of our unemployment rate.
**This one hurts. China and the USA want to buy some oil. China has a huge appetite for oil right now and is holding treasuries and getting paid in dollars which are continuing to depreciate. China will pay more for the oil and thus we will be forced to as well. They have a ton of useless dollars and would rather get something for them now, then less of something for them later when they are more useless.
4. If #3 gets bad enough, foreign countries could let their currencies rise, which would lead to an increase in prices of items we import.
**We already have problems with the way China pegs their currency. As #3 above happens this will only get worse. Other countries will follow suit.
5. Commodity prices in specific could increase due to #1 (more money flowing into risk assets) or #3 (higher demand in foreign countries). They could also rise as foreign countries try to redeploy their excess dollar reserves. Commodity price increases do feed into inflation over time.
**My example above was only for oil however many people do not have a clue about how much we actually import. We import everything from oil to drywall to metal screws. You guys think Walmarts are Targets are the only big imports? Go to your Home Depot or Lowes as well. The issue at hand is commodities are the root of everything. As commodity prices rise everything follows suit. It takes time but it happens.
**Honestly I think the bigger issue at hand over the misunderstanding is the lack of the experience. If you are under 40 you have no clue of this sort of stuff. You were a child at best in the late 70s and early 80s and you didn’t see it. You don’t know what a gas line is, you didn’t witness any of this stuff so it is surreal to you. Asking me for a concrete example of how prices go up when it has been explained seems to validate that. If your costs have only gone up 1 or 2% this year then that is what it is, mine have gone up more. This stuff doesnt take 1 year to happen. It happens over a decade. Believe me we are just barely starting the cycle.
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