Forum Replies Created
-
AuthorPosts
-
socratttParticipant
I am going out on a limb here a bit and saying that if this rate gets down to 4.5% we are going to see a small buying frenzy, which may affect a few small areas where inventory isn’t off the charts.
I think the idea of pushing rates down is ridiculous although I feel it may be my only opportunity to take advantage of all these silly measures our government is making to save the irresponsible. Chances are I am going make a purchase, as I feel that even if the markets retreat another 15-20% we could very well see the prime rate close to where it was in the early 80’s within a few years. If you don’t believe that this fake money the government is creating out of thin air will drive inflation you are sorely mistaken.
I don’t think this lowered interest rate is going to do anything for this market long term, but short term of course there will be a bit more demand. I have spoken with a few friends who might actually take advantage of this drop in mortgage rates, it just seems like a no brainer at 4.5%.
I currently pay $2,500 for a home in Coastal Carlsbad that I may be able to pick up for $550K. If that is the case with a 4.5% loan I could be at $2,900 PITI with 10% down. Does anyone else think this is a bright idea? I would love to hear your thoughts.
socratttParticipantI am going out on a limb here a bit and saying that if this rate gets down to 4.5% we are going to see a small buying frenzy, which may affect a few small areas where inventory isn’t off the charts.
I think the idea of pushing rates down is ridiculous although I feel it may be my only opportunity to take advantage of all these silly measures our government is making to save the irresponsible. Chances are I am going make a purchase, as I feel that even if the markets retreat another 15-20% we could very well see the prime rate close to where it was in the early 80’s within a few years. If you don’t believe that this fake money the government is creating out of thin air will drive inflation you are sorely mistaken.
I don’t think this lowered interest rate is going to do anything for this market long term, but short term of course there will be a bit more demand. I have spoken with a few friends who might actually take advantage of this drop in mortgage rates, it just seems like a no brainer at 4.5%.
I currently pay $2,500 for a home in Coastal Carlsbad that I may be able to pick up for $550K. If that is the case with a 4.5% loan I could be at $2,900 PITI with 10% down. Does anyone else think this is a bright idea? I would love to hear your thoughts.
socratttParticipantI am going out on a limb here a bit and saying that if this rate gets down to 4.5% we are going to see a small buying frenzy, which may affect a few small areas where inventory isn’t off the charts.
I think the idea of pushing rates down is ridiculous although I feel it may be my only opportunity to take advantage of all these silly measures our government is making to save the irresponsible. Chances are I am going make a purchase, as I feel that even if the markets retreat another 15-20% we could very well see the prime rate close to where it was in the early 80’s within a few years. If you don’t believe that this fake money the government is creating out of thin air will drive inflation you are sorely mistaken.
I don’t think this lowered interest rate is going to do anything for this market long term, but short term of course there will be a bit more demand. I have spoken with a few friends who might actually take advantage of this drop in mortgage rates, it just seems like a no brainer at 4.5%.
I currently pay $2,500 for a home in Coastal Carlsbad that I may be able to pick up for $550K. If that is the case with a 4.5% loan I could be at $2,900 PITI with 10% down. Does anyone else think this is a bright idea? I would love to hear your thoughts.
socratttParticipantI am going out on a limb here a bit and saying that if this rate gets down to 4.5% we are going to see a small buying frenzy, which may affect a few small areas where inventory isn’t off the charts.
I think the idea of pushing rates down is ridiculous although I feel it may be my only opportunity to take advantage of all these silly measures our government is making to save the irresponsible. Chances are I am going make a purchase, as I feel that even if the markets retreat another 15-20% we could very well see the prime rate close to where it was in the early 80’s within a few years. If you don’t believe that this fake money the government is creating out of thin air will drive inflation you are sorely mistaken.
I don’t think this lowered interest rate is going to do anything for this market long term, but short term of course there will be a bit more demand. I have spoken with a few friends who might actually take advantage of this drop in mortgage rates, it just seems like a no brainer at 4.5%.
I currently pay $2,500 for a home in Coastal Carlsbad that I may be able to pick up for $550K. If that is the case with a 4.5% loan I could be at $2,900 PITI with 10% down. Does anyone else think this is a bright idea? I would love to hear your thoughts.
socratttParticipantIf they sing long enough rates will be at 4.5% and all realtors will have 3 months of trying to find a melody. Rich you give Urbanrealtor way too much credit!
socratttParticipantIf they sing long enough rates will be at 4.5% and all realtors will have 3 months of trying to find a melody. Rich you give Urbanrealtor way too much credit!
socratttParticipantIf they sing long enough rates will be at 4.5% and all realtors will have 3 months of trying to find a melody. Rich you give Urbanrealtor way too much credit!
socratttParticipantIf they sing long enough rates will be at 4.5% and all realtors will have 3 months of trying to find a melody. Rich you give Urbanrealtor way too much credit!
socratttParticipantIf they sing long enough rates will be at 4.5% and all realtors will have 3 months of trying to find a melody. Rich you give Urbanrealtor way too much credit!
socratttParticipantSo essentially what I am saying above is correct. There are plenty of unemployed in this country that just aren’t accounted for because their monthly checks have stopped and they aren’t technically part of the unemployment calculation.
I think the government is smart to keep these numbers down, so that we don’t panic, but knowing this system is far from fool proof puts these numbers into perspective.
socratttParticipantSo essentially what I am saying above is correct. There are plenty of unemployed in this country that just aren’t accounted for because their monthly checks have stopped and they aren’t technically part of the unemployment calculation.
I think the government is smart to keep these numbers down, so that we don’t panic, but knowing this system is far from fool proof puts these numbers into perspective.
socratttParticipantSo essentially what I am saying above is correct. There are plenty of unemployed in this country that just aren’t accounted for because their monthly checks have stopped and they aren’t technically part of the unemployment calculation.
I think the government is smart to keep these numbers down, so that we don’t panic, but knowing this system is far from fool proof puts these numbers into perspective.
socratttParticipantSo essentially what I am saying above is correct. There are plenty of unemployed in this country that just aren’t accounted for because their monthly checks have stopped and they aren’t technically part of the unemployment calculation.
I think the government is smart to keep these numbers down, so that we don’t panic, but knowing this system is far from fool proof puts these numbers into perspective.
socratttParticipantSo essentially what I am saying above is correct. There are plenty of unemployed in this country that just aren’t accounted for because their monthly checks have stopped and they aren’t technically part of the unemployment calculation.
I think the government is smart to keep these numbers down, so that we don’t panic, but knowing this system is far from fool proof puts these numbers into perspective.
-
AuthorPosts