[waiting for bottom]

All moved in now and watching the SEH bubble re-inflate.

Actually out getting bids for a pool, I figure Q4 2009 will be the best time in history to negotiate with a contractor!

Thanks again to everyone on this site for saving me $200K in negative equity.

[waiting for bottom]

All moved in now and watching the SEH bubble re-inflate.

Actually out getting bids for a pool, I figure Q4 2009 will be the best time in history to negotiate with a contractor!

Thanks again to everyone on this site for saving me $200K in negative equity.

[waiting for bottom]

All moved in now and watching the SEH bubble re-inflate.

Actually out getting bids for a pool, I figure Q4 2009 will be the best time in history to negotiate with a contractor!

Thanks again to everyone on this site for saving me $200K in negative equity.

[waiting for bottom]

All moved in now and watching the SEH bubble re-inflate.

Actually out getting bids for a pool, I figure Q4 2009 will be the best time in history to negotiate with a contractor!

Thanks again to everyone on this site for saving me $200K in negative equity.

[waiting for bottom]

All moved in now and watching the SEH bubble re-inflate.

Actually out getting bids for a pool, I figure Q4 2009 will be the best time in history to negotiate with a contractor!

Thanks again to everyone on this site for saving me $200K in negative equity.

[waiting for bottom]

[quote=JohnAlt91941]
The problem with that thinking is that prices are partially dependent on interest rates. Rates go up, prices go down.

If a hypothetical 20% additional drop in prices was just caused by higher interest rates, your argument would be valid. But many think prices still have a way to go down independent of interest rates, with higher rates just making it more so. And in that case your payment would NOT be the same.
[/quote]

You are mis-interpreting me. I agree those two are mostly independent. I’m just saying that we don’t know what rates will be when/if a 20% decline takes place. If they happen to be 7.5%, I’m in the same place as I was before the 20% happened.

[waiting for bottom]

[quote=JohnAlt91941]
The problem with that thinking is that prices are partially dependent on interest rates. Rates go up, prices go down.

If a hypothetical 20% additional drop in prices was just caused by higher interest rates, your argument would be valid. But many think prices still have a way to go down independent of interest rates, with higher rates just making it more so. And in that case your payment would NOT be the same.
[/quote]

You are mis-interpreting me. I agree those two are mostly independent. I’m just saying that we don’t know what rates will be when/if a 20% decline takes place. If they happen to be 7.5%, I’m in the same place as I was before the 20% happened.

[waiting for bottom]

[quote=JohnAlt91941]
The problem with that thinking is that prices are partially dependent on interest rates. Rates go up, prices go down.

If a hypothetical 20% additional drop in prices was just caused by higher interest rates, your argument would be valid. But many think prices still have a way to go down independent of interest rates, with higher rates just making it more so. And in that case your payment would NOT be the same.
[/quote]

You are mis-interpreting me. I agree those two are mostly independent. I’m just saying that we don’t know what rates will be when/if a 20% decline takes place. If they happen to be 7.5%, I’m in the same place as I was before the 20% happened.

[waiting for bottom]

[quote=JohnAlt91941]
The problem with that thinking is that prices are partially dependent on interest rates. Rates go up, prices go down.

If a hypothetical 20% additional drop in prices was just caused by higher interest rates, your argument would be valid. But many think prices still have a way to go down independent of interest rates, with higher rates just making it more so. And in that case your payment would NOT be the same.
[/quote]

You are mis-interpreting me. I agree those two are mostly independent. I’m just saying that we don’t know what rates will be when/if a 20% decline takes place. If they happen to be 7.5%, I’m in the same place as I was before the 20% happened.

[waiting for bottom]

[quote=JohnAlt91941]
The problem with that thinking is that prices are partially dependent on interest rates. Rates go up, prices go down.

If a hypothetical 20% additional drop in prices was just caused by higher interest rates, your argument would be valid. But many think prices still have a way to go down independent of interest rates, with higher rates just making it more so. And in that case your payment would NOT be the same.
[/quote]

You are mis-interpreting me. I agree those two are mostly independent. I’m just saying that we don’t know what rates will be when/if a 20% decline takes place. If they happen to be 7.5%, I’m in the same place as I was before the 20% happened.

[waiting for bottom]

[quote=sdcellar]yep. lots of rationalization. i almost feel like i’m at the car dealer and he’s trying to scam me with the old ‘what can you spend a month’ routine…[/quote]

If rationalization is “I bought a house I like with the payment I can afford” then, yes, I have rationalized.

Seriously, you guys think there is no risk to timing the bottom? What do you think rates will do between now and then? I’ll give you a hint, not down.

Again – if my recent purchase falls 20% but rates go to 7.5%, I will have the same payment. There is equal – at best for your argument – chance of these happening. From my POV, 7.5% is a certainty, 20% down is not.

[waiting for bottom]

[quote=sdcellar]yep. lots of rationalization. i almost feel like i’m at the car dealer and he’s trying to scam me with the old ‘what can you spend a month’ routine…[/quote]

If rationalization is “I bought a house I like with the payment I can afford” then, yes, I have rationalized.

Seriously, you guys think there is no risk to timing the bottom? What do you think rates will do between now and then? I’ll give you a hint, not down.

Again – if my recent purchase falls 20% but rates go to 7.5%, I will have the same payment. There is equal – at best for your argument – chance of these happening. From my POV, 7.5% is a certainty, 20% down is not.

[waiting for bottom]

[quote=sdcellar]yep. lots of rationalization. i almost feel like i’m at the car dealer and he’s trying to scam me with the old ‘what can you spend a month’ routine…[/quote]

If rationalization is “I bought a house I like with the payment I can afford” then, yes, I have rationalized.

Seriously, you guys think there is no risk to timing the bottom? What do you think rates will do between now and then? I’ll give you a hint, not down.

Again – if my recent purchase falls 20% but rates go to 7.5%, I will have the same payment. There is equal – at best for your argument – chance of these happening. From my POV, 7.5% is a certainty, 20% down is not.

[waiting for bottom]

[quote=sdcellar]yep. lots of rationalization. i almost feel like i’m at the car dealer and he’s trying to scam me with the old ‘what can you spend a month’ routine…[/quote]

If rationalization is “I bought a house I like with the payment I can afford” then, yes, I have rationalized.

Seriously, you guys think there is no risk to timing the bottom? What do you think rates will do between now and then? I’ll give you a hint, not down.

Again – if my recent purchase falls 20% but rates go to 7.5%, I will have the same payment. There is equal – at best for your argument – chance of these happening. From my POV, 7.5% is a certainty, 20% down is not.

[waiting for bottom]

[quote=sdcellar]yep. lots of rationalization. i almost feel like i’m at the car dealer and he’s trying to scam me with the old ‘what can you spend a month’ routine…[/quote]

If rationalization is “I bought a house I like with the payment I can afford” then, yes, I have rationalized.

Seriously, you guys think there is no risk to timing the bottom? What do you think rates will do between now and then? I’ll give you a hint, not down.

Again – if my recent purchase falls 20% but rates go to 7.5%, I will have the same payment. There is equal – at best for your argument – chance of these happening. From my POV, 7.5% is a certainty, 20% down is not.

[Author]

Posts