[sdcellar]

Interest paid in this context is somewhat irrelevant (or you’re looking at it backwards, at least). At the end of thirty years, one will have paid the exact same amount of money (regardless of P&I breakdown) and have an asset that has the same price regardless of what you bought it at. It is the same house, after all.

So, in reality, with the higher interest rate, you’ll come out ahead based on the lower down payment and the increased tax deduction benefit based on the “higher” interest you paid along the way.

[sdcellar]

CA Renter– Yeah, I’m not suggesting that the shadow doesn’t exist, I’ve just stopped thinking that it’s going to flood the market any time soon.

I’ve heard that it’s happening Real Soon Now™ from folks of all walks of life. Everybody from neighbors to the friendly barista who assembled my Caramel Machiatto this morning. And, of course, here (first, of course!).

Keep in mind that some markets are still dropping in price and given all the intervention, that’s pretty amazing, and more importantly seems unsustainable. Heck, if nothing else, “lowest interest rates in our lifetimes” would seem to be starting to lose its allure, if for no other reason than that’s probably starting to look like the new normal. So, will we see downward pressure pick up? I think so.

[sdcellar]

CA Renter– Yeah, I’m not suggesting that the shadow doesn’t exist, I’ve just stopped thinking that it’s going to flood the market any time soon.

I’ve heard that it’s happening Real Soon Now™ from folks of all walks of life. Everybody from neighbors to the friendly barista who assembled my Caramel Machiatto this morning. And, of course, here (first, of course!).

Keep in mind that some markets are still dropping in price and given all the intervention, that’s pretty amazing, and more importantly seems unsustainable. Heck, if nothing else, “lowest interest rates in our lifetimes” would seem to be starting to lose its allure, if for no other reason than that’s probably starting to look like the new normal. So, will we see downward pressure pick up? I think so.

[sdcellar]

CA Renter– Yeah, I’m not suggesting that the shadow doesn’t exist, I’ve just stopped thinking that it’s going to flood the market any time soon.

I’ve heard that it’s happening Real Soon Now™ from folks of all walks of life. Everybody from neighbors to the friendly barista who assembled my Caramel Machiatto this morning. And, of course, here (first, of course!).

Keep in mind that some markets are still dropping in price and given all the intervention, that’s pretty amazing, and more importantly seems unsustainable. Heck, if nothing else, “lowest interest rates in our lifetimes” would seem to be starting to lose its allure, if for no other reason than that’s probably starting to look like the new normal. So, will we see downward pressure pick up? I think so.

[sdcellar]

CA Renter– Yeah, I’m not suggesting that the shadow doesn’t exist, I’ve just stopped thinking that it’s going to flood the market any time soon.

I’ve heard that it’s happening Real Soon Now™ from folks of all walks of life. Everybody from neighbors to the friendly barista who assembled my Caramel Machiatto this morning. And, of course, here (first, of course!).

Keep in mind that some markets are still dropping in price and given all the intervention, that’s pretty amazing, and more importantly seems unsustainable. Heck, if nothing else, “lowest interest rates in our lifetimes” would seem to be starting to lose its allure, if for no other reason than that’s probably starting to look like the new normal. So, will we see downward pressure pick up? I think so.

[sdcellar]

CA Renter– Yeah, I’m not suggesting that the shadow doesn’t exist, I’ve just stopped thinking that it’s going to flood the market any time soon.

I’ve heard that it’s happening Real Soon Now™ from folks of all walks of life. Everybody from neighbors to the friendly barista who assembled my Caramel Machiatto this morning. And, of course, here (first, of course!).

Keep in mind that some markets are still dropping in price and given all the intervention, that’s pretty amazing, and more importantly seems unsustainable. Heck, if nothing else, “lowest interest rates in our lifetimes” would seem to be starting to lose its allure, if for no other reason than that’s probably starting to look like the new normal. So, will we see downward pressure pick up? I think so.

[sdcellar]

Yo, “quoter”, bolder, CAPPER, er, I mean, Rt.66…

[quote=Rt.66]Not only is this not happening like you say, it’s a stupid premise all together.[/quote]

When you’re not backpeddling and regurging, you’re actually something of an absolutist.

Frankly, and I’m a bear, I’m sick of hearing about shadow inventory, but even worse is people who discount that there are other possible alternatives to foreclosure and they might just add up to something. Today, this inventory isn’t here (or maybe it is…) and if it is looming, it’s been so long, that it’s not worth speculating about much more. If something should change, then let us know.

There’s a lot of stuff that doesn’t make sense right now. You should embrace the fact and use it to your advantage.

[sdcellar]

Yo, “quoter”, bolder, CAPPER, er, I mean, Rt.66…

[quote=Rt.66]Not only is this not happening like you say, it’s a stupid premise all together.[/quote]

When you’re not backpeddling and regurging, you’re actually something of an absolutist.

Frankly, and I’m a bear, I’m sick of hearing about shadow inventory, but even worse is people who discount that there are other possible alternatives to foreclosure and they might just add up to something. Today, this inventory isn’t here (or maybe it is…) and if it is looming, it’s been so long, that it’s not worth speculating about much more. If something should change, then let us know.

There’s a lot of stuff that doesn’t make sense right now. You should embrace the fact and use it to your advantage.

[sdcellar]

Yo, “quoter”, bolder, CAPPER, er, I mean, Rt.66…

[quote=Rt.66]Not only is this not happening like you say, it’s a stupid premise all together.[/quote]

When you’re not backpeddling and regurging, you’re actually something of an absolutist.

Frankly, and I’m a bear, I’m sick of hearing about shadow inventory, but even worse is people who discount that there are other possible alternatives to foreclosure and they might just add up to something. Today, this inventory isn’t here (or maybe it is…) and if it is looming, it’s been so long, that it’s not worth speculating about much more. If something should change, then let us know.

There’s a lot of stuff that doesn’t make sense right now. You should embrace the fact and use it to your advantage.

[sdcellar]

Yo, “quoter”, bolder, CAPPER, er, I mean, Rt.66…

[quote=Rt.66]Not only is this not happening like you say, it’s a stupid premise all together.[/quote]

When you’re not backpeddling and regurging, you’re actually something of an absolutist.

Frankly, and I’m a bear, I’m sick of hearing about shadow inventory, but even worse is people who discount that there are other possible alternatives to foreclosure and they might just add up to something. Today, this inventory isn’t here (or maybe it is…) and if it is looming, it’s been so long, that it’s not worth speculating about much more. If something should change, then let us know.

There’s a lot of stuff that doesn’t make sense right now. You should embrace the fact and use it to your advantage.

[sdcellar]

Yo, “quoter”, bolder, CAPPER, er, I mean, Rt.66…

[quote=Rt.66]Not only is this not happening like you say, it’s a stupid premise all together.[/quote]

When you’re not backpeddling and regurging, you’re actually something of an absolutist.

Frankly, and I’m a bear, I’m sick of hearing about shadow inventory, but even worse is people who discount that there are other possible alternatives to foreclosure and they might just add up to something. Today, this inventory isn’t here (or maybe it is…) and if it is looming, it’s been so long, that it’s not worth speculating about much more. If something should change, then let us know.

There’s a lot of stuff that doesn’t make sense right now. You should embrace the fact and use it to your advantage.

[sdcellar]

Okay, how about we end this “argument” and try to simplify things a bit. Rt.66, do you think it’s out of the question that some homeowners will give themselves their own form of debt relief simply by ignoring their second for some period of time?

Maybe their credit will take a hit. Maybe they’ll have this nasty debt liability they’ll have to take care of some number of years down the road. Maybe a lot of things, but they’ll get to “keep” their house, keep junior in the same school and maybe down the road when “life is better” they (believe) they’ll be able to get things back in order.

Does this seem like a reasonable premise to you? There is one solid argument that I can think of and another one that’s hedgey, but not interesting. Anyway, what do you think?

[sdcellar]

Okay, how about we end this “argument” and try to simplify things a bit. Rt.66, do you think it’s out of the question that some homeowners will give themselves their own form of debt relief simply by ignoring their second for some period of time?

Maybe their credit will take a hit. Maybe they’ll have this nasty debt liability they’ll have to take care of some number of years down the road. Maybe a lot of things, but they’ll get to “keep” their house, keep junior in the same school and maybe down the road when “life is better” they (believe) they’ll be able to get things back in order.

Does this seem like a reasonable premise to you? There is one solid argument that I can think of and another one that’s hedgey, but not interesting. Anyway, what do you think?

[sdcellar]

Okay, how about we end this “argument” and try to simplify things a bit. Rt.66, do you think it’s out of the question that some homeowners will give themselves their own form of debt relief simply by ignoring their second for some period of time?

Maybe their credit will take a hit. Maybe they’ll have this nasty debt liability they’ll have to take care of some number of years down the road. Maybe a lot of things, but they’ll get to “keep” their house, keep junior in the same school and maybe down the road when “life is better” they (believe) they’ll be able to get things back in order.

Does this seem like a reasonable premise to you? There is one solid argument that I can think of and another one that’s hedgey, but not interesting. Anyway, what do you think?

[sdcellar]

Okay, how about we end this “argument” and try to simplify things a bit. Rt.66, do you think it’s out of the question that some homeowners will give themselves their own form of debt relief simply by ignoring their second for some period of time?

Maybe their credit will take a hit. Maybe they’ll have this nasty debt liability they’ll have to take care of some number of years down the road. Maybe a lot of things, but they’ll get to “keep” their house, keep junior in the same school and maybe down the road when “life is better” they (believe) they’ll be able to get things back in order.

Does this seem like a reasonable premise to you? There is one solid argument that I can think of and another one that’s hedgey, but not interesting. Anyway, what do you think?

[Author]

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