She mentioned that 6% mortgage rates and the Milliniums are back in the housing market.
She also stated that it's about the monthly payment, and on that point I agree.
What she didn't say was: If interest rates were actually 6% (and not the 10% plus that I paid for my first home,) housing prices would be about 30% lower. Let's review: under the current USA tax deductions, mortgage interest paid is still tax deductible. Higher interest rates equates to: A 100k house at 3% mortgage is ______ per month, depending on the DP, etc.
That same house at an 8% mortgage is now on the market at about $63,500.
The monthly payment is ballpark the same for the borrower; the seller is weeping. The buyer has a larger tax deduction, and possibly lower taxes and insurance rates.
Thoughts? Comments? Whatever...
I didn't bother to check, as I knew that my ticket would be a small, if any,, payout It's OK, and I rarely buy Powerball tickets, as I know who that gig is worked. So far, so right on!
Numbers are numbers and have nothing to do with the race of any applicant.
When a condo is $400k, and 20% down is $80k, plus closing costs, the borrower would still have a very stiff payment, even with a decent income. Simply unaffordable for the first time buyer, even with a 5% down payment. $20k to plunk down, plus closing costs, plus HOA fees, PMI, and a mortgage payment tap out most buyers. Utilities, insurance, and taxes keep the rest away from the overpriced RE.
I look at my personal debt load, and make my payments. It's not always easy, but I do it.
There are millions of folks who don't have the wherewithall that I do, and default daily. :Let's talk about that sting to the banks.
Crude futures are down. USA indices are down. Correlation? Yepper do! And 87 grade is between $3.04 "on average" here in Los Angeles. A 2 bath 3 bed home is my area of Los Angeles is ballpark $875k.
Really? For a home that is considered to be a starter home? Show me the jobs that pay enough for folks to qualify for those loans.
$125 looks better, but I see what you pointed out. And Alcoa will probably get the party started. Too much real info. on CNBC about how things are; they don't tell you to sell at the top. Big bounce to halve the most recent declines was indirectly stated earlier today.
What would be most interesting would be to see the actual payout dollars, and to whom they were dispersed. Now we might be seeing some real IRS numbers, and what states and retail stores made money, even if the payee chose to remain anonymous
I disagree. Bill Light is on tap for the next POTUS. Stop beating about the third Bush. . Every blunder she has made has a covered excuse.
The scandal sheet headlines move the masses to watch the TV.
PAPER: Hillary EmailGate Goes Nuclear...
Blumenthal Access to NSA Reports?
DEMS DEFECT: 20% WOULD VOTE TRUMP!
POWERFUL US BOMBER FLIES OVER S. KOREA AS STANDOFF DEEPENS... Election-year controversies will put Supreme Court front and center... BIRTH CERTIFICATE FOR CRUZ'S MOTHER SHOWS CITIZENSHIP...
1974 Canadian Electors' List Named Ted's Parents... FOOTBALL PLAYOFF GAME IN BELOW ZERO TEMPS...
Teams to use specially designed underwear ... UPDATE: INVISIBLE DISASTER DRIVES PEOPLE FROM UPSCALE LA COMMUNITY...
Decaying Gas Lines 'Ticking Time Bomb' Below NYC Streets... US NAVY RELEASES VIDEO OF 'PROVOCATIVE' IRAN ROCKET FIRE...
News Executives Urge Kerry to Push Release of Reporter
Just to be on the record, I did purchase a ticket. I rarely purchase Powerball tickets because $2 is too much; I can buy other lottery tickets for $1 each, which gives me 2 chances to win something, or nothing, for $2.
Why do I buy any lottery ticket every now and then? Usually as a small gift for a friend, or a number popped into my head. It's kinda fun and inexpensive entertainment; certainly less expensive than going to Vegas, etc.
Bill Gross is well versed in his business; and while not one person makes a perfect call or extrapolation in every scenario, he has been worth listening to in the media machine. The average retail investor has to choose whose advice to follow; I can hear my Grammy saying USA Treasuries, the coffee can in the forest, and one month's worth of expenses cash in something fireproof/mattress.
our markets have dropped back down. Not exactly a show of confidence.
I asked a question, and you replied with another question. It's known in the Shrink Wrap World as a "deflection technique."
Why did you choose to use it? And to obviously misspell a word in your post?
As you know, I don't have any letters before or after my name. Let's just have a real one to one exchange.
Topic: Guns are not the problem.
You run with it.
Tell me what you dislike about me. Don't bring others into the slam fest.