[teaboy]

Hey Walt,
If you want to see what difference a loan broker can make to your costs here’s a least effort method:
1. Goto zillow.com’s Mortgage page.
2. Enter your loan details on the left of the page.
3. Click “Get Quotes”
4. Sort by “Total Cost”
5. Compare the lowest “Total Cost” with the highest “Total Cost”.

For me the difference was ~$20k over 10 years. More than your measly $12k, right.

(Plus the Present Value of ~$20k over 10 years is what, ~$24k…?)

Kudos to SDR, Walt, why dont you have a stab at figuring this crap out yourself first?

tb 🙂

[teaboy]

Hey Walt,
If you want to see what difference a loan broker can make to your costs here’s a least effort method:
1. Goto zillow.com’s Mortgage page.
2. Enter your loan details on the left of the page.
3. Click “Get Quotes”
4. Sort by “Total Cost”
5. Compare the lowest “Total Cost” with the highest “Total Cost”.

For me the difference was ~$20k over 10 years. More than your measly $12k, right.

(Plus the Present Value of ~$20k over 10 years is what, ~$24k…?)

Kudos to SDR, Walt, why dont you have a stab at figuring this crap out yourself first?

tb 🙂

[teaboy]

to me the question is simply when will it (materially) happen and what will the government’s response be to it?

My guess is not until early to mid 2011 and the response (to a material raise in bond yields) will be european-style austerity measures.
Right now I am tempted to transfer my 401k from mostly domestic & international stocks to mostly cash or a low-risk low-cost income fund in preparation for this.

tb

[teaboy]

to me the question is simply when will it (materially) happen and what will the government’s response be to it?

My guess is not until early to mid 2011 and the response (to a material raise in bond yields) will be european-style austerity measures.
Right now I am tempted to transfer my 401k from mostly domestic & international stocks to mostly cash or a low-risk low-cost income fund in preparation for this.

tb

[teaboy]

to me the question is simply when will it (materially) happen and what will the government’s response be to it?

My guess is not until early to mid 2011 and the response (to a material raise in bond yields) will be european-style austerity measures.
Right now I am tempted to transfer my 401k from mostly domestic & international stocks to mostly cash or a low-risk low-cost income fund in preparation for this.

tb

[teaboy]

to me the question is simply when will it (materially) happen and what will the government’s response be to it?

My guess is not until early to mid 2011 and the response (to a material raise in bond yields) will be european-style austerity measures.
Right now I am tempted to transfer my 401k from mostly domestic & international stocks to mostly cash or a low-risk low-cost income fund in preparation for this.

tb

[teaboy]

to me the question is simply when will it (materially) happen and what will the government’s response be to it?

My guess is not until early to mid 2011 and the response (to a material raise in bond yields) will be european-style austerity measures.
Right now I am tempted to transfer my 401k from mostly domestic & international stocks to mostly cash or a low-risk low-cost income fund in preparation for this.

tb

[teaboy]

[quote=sdrealtor]Another fine idea and make sure to ask your landlord or hotelier to lock you into those recessionary rates for the next 30 years.[/quote]

certainly, sir, if you’d just sign this contract for a 30 year rental lease, or 30 year hotel booking…

tb

[teaboy]

[quote=sdrealtor]Another fine idea and make sure to ask your landlord or hotelier to lock you into those recessionary rates for the next 30 years.[/quote]

certainly, sir, if you’d just sign this contract for a 30 year rental lease, or 30 year hotel booking…

tb

[teaboy]

[quote=sdrealtor]Another fine idea and make sure to ask your landlord or hotelier to lock you into those recessionary rates for the next 30 years.[/quote]

certainly, sir, if you’d just sign this contract for a 30 year rental lease, or 30 year hotel booking…

tb

[teaboy]

[quote=sdrealtor]Another fine idea and make sure to ask your landlord or hotelier to lock you into those recessionary rates for the next 30 years.[/quote]

certainly, sir, if you’d just sign this contract for a 30 year rental lease, or 30 year hotel booking…

tb

[teaboy]

[quote=sdrealtor]Another fine idea and make sure to ask your landlord or hotelier to lock you into those recessionary rates for the next 30 years.[/quote]

certainly, sir, if you’d just sign this contract for a 30 year rental lease, or 30 year hotel booking…

tb

[teaboy]

It seems to me that other countries with huge deficits(e.g. Greece, UK, etc) have accepted the inevitable decline in their citizen’s relative wealth and have already decided to “tighten their belts” by increasing taxes and reducing spending/services.

It seems common sense to me that we can’t “spend our way out of the deficits” here, so eventually we’ll need to increase taxes and reduce spending/services, too.

Surely the only question is when and how this might come. Will it be over the next 12 months or the next 12 years?
Whatever happens, maybe I’m naive, but I feel like it’ll most likely be a long slow decline than some huge sudden drop. Statements like “hyperinflation” and “worthless [US] currency” in the original article are attention-grabbing exaggerations which are highly unlikely imho and distract from discussions on the more likely occurences.

Perhaps the undue sense of entitlement Americans have is the reason why few politicians are brave or stupid enough to publicly take this stance (i.e. increase taxes and reduce spending/services) today.
Hmm, if so, then my guess is over the next 12 years…

tb

[teaboy]

It seems to me that other countries with huge deficits(e.g. Greece, UK, etc) have accepted the inevitable decline in their citizen’s relative wealth and have already decided to “tighten their belts” by increasing taxes and reducing spending/services.

It seems common sense to me that we can’t “spend our way out of the deficits” here, so eventually we’ll need to increase taxes and reduce spending/services, too.

Surely the only question is when and how this might come. Will it be over the next 12 months or the next 12 years?
Whatever happens, maybe I’m naive, but I feel like it’ll most likely be a long slow decline than some huge sudden drop. Statements like “hyperinflation” and “worthless [US] currency” in the original article are attention-grabbing exaggerations which are highly unlikely imho and distract from discussions on the more likely occurences.

Perhaps the undue sense of entitlement Americans have is the reason why few politicians are brave or stupid enough to publicly take this stance (i.e. increase taxes and reduce spending/services) today.
Hmm, if so, then my guess is over the next 12 years…

tb

[teaboy]

It seems to me that other countries with huge deficits(e.g. Greece, UK, etc) have accepted the inevitable decline in their citizen’s relative wealth and have already decided to “tighten their belts” by increasing taxes and reducing spending/services.

It seems common sense to me that we can’t “spend our way out of the deficits” here, so eventually we’ll need to increase taxes and reduce spending/services, too.

Surely the only question is when and how this might come. Will it be over the next 12 months or the next 12 years?
Whatever happens, maybe I’m naive, but I feel like it’ll most likely be a long slow decline than some huge sudden drop. Statements like “hyperinflation” and “worthless [US] currency” in the original article are attention-grabbing exaggerations which are highly unlikely imho and distract from discussions on the more likely occurences.

Perhaps the undue sense of entitlement Americans have is the reason why few politicians are brave or stupid enough to publicly take this stance (i.e. increase taxes and reduce spending/services) today.
Hmm, if so, then my guess is over the next 12 years…

tb

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