Funny to an old man
Comments
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HH thinks everyone who’s about to lose 30-40% of their home value needs to put things in perspective
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My MBA was in finance. I suggest you try not to sell at the bottom of the market. See how that education pays off?LoneStarDawg said:HH thinks everyone who’s about to lose 30-40% of their home value needs to put things in perspective
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So now you have an MBA and a JD?HHusky said:
My MBA was in finance. I suggest you try not to sell at the bottom of the market. See how that education pays off?LoneStarDawg said:HH thinks everyone who’s about to lose 30-40% of their home value needs to put things in perspective
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Imagine thinking an “MBA in finance” is supposed to impress people.
No shit the loss isn’t realized until you sell. If rates pop up to ~6% nobody is buying anyone’s 800k home nor able to borrow at that rate.
What a dumb fuck. -
This isn’t the Tug.LoneStarDawg said:Imagine thinking an “MBA in finance” is supposed to impress people.
No shit the loss isn’t realized until you sell. If rates pop up to ~6% nobody is buying anyone’s 800k home nor able to borrow at that rate.
What a dumb fuck.
If you don’t need to sell, don’t sell.
But 6% is still a ways off. -
Do tell. I'm not the only one here whose folks were paying 15-16% on their first mortgage back in the early 70's. In fact over the last 50 years, the rates have been below 6% for about 10 of them.LoneStarDawg said:Imagine thinking an “MBA in finance” is supposed to impress people.
No shit the loss isn’t realized until you sell. If rates pop up to ~6% nobody is buying anyone’s 800k home nor able to borrow at that rate.
What a dumb fuck.
No need to spaz like you're in some Tug thread. -
Cool your shit flinging and crooked dick swinging or get walking. This ain't the club for this bullshit.LoneStarDawg said:Imagine thinking an “MBA in finance” is supposed to impress people.
No shit the loss isn’t realized until you sell. If rates pop up to ~6% nobody is buying anyone’s 800k home nor able to borrow at that rate.
What a dumb fuck. -
I think my boss paid 18% in 1982 or thereabouts.dflea said:
Do tell. I'm not the only one here whose folks were paying 15-16% on their first mortgage back in the early 70's. In fact over the last 50 years, the rates have been below 6% for about 10 of them.LoneStarDawg said:Imagine thinking an “MBA in finance” is supposed to impress people.
No shit the loss isn’t realized until you sell. If rates pop up to ~6% nobody is buying anyone’s 800k home nor able to borrow at that rate.
What a dumb fuck.
No need to spaz like you're in some Tug thread.
Of course, my money market account was paying 15% too. -
The partners at my law firm used to tell stories about how they and their classmates assumed it would be years, if ever, that they would own a house. Of course, that was a little exaggerated on their parts, but yeah, when the numbers creep up, taking on more debt for more house becomes a simple cashflow problem.HHusky said:
I think my boss paid 18% in 1982 or thereabouts.dflea said:
Do tell. I'm not the only one here whose folks were paying 15-16% on their first mortgage back in the early 70's. In fact over the last 50 years, the rates have been below 6% for about 10 of them.LoneStarDawg said:Imagine thinking an “MBA in finance” is supposed to impress people.
No shit the loss isn’t realized until you sell. If rates pop up to ~6% nobody is buying anyone’s 800k home nor able to borrow at that rate.
What a dumb fuck.
No need to spaz like you're in some Tug thread.
Of course, my money market account was paying 15% too. -
It was a pretty awful time to be taking out a home loan, for sure. Neither 18% nor rates below 3% seem sustainable though. Just opposite extremes.creepycoug said:
The partners at my law firm used to tell stories about how they and their classmates assumed it would be years, if ever, that they would own a house. Of course, that was a little exaggerated on their parts, but yeah, when the numbers creep up, taking on more debt for more house becomes a simple cashflow problem.HHusky said:
I think my boss paid 18% in 1982 or thereabouts.dflea said:
Do tell. I'm not the only one here whose folks were paying 15-16% on their first mortgage back in the early 70's. In fact over the last 50 years, the rates have been below 6% for about 10 of them.LoneStarDawg said:Imagine thinking an “MBA in finance” is supposed to impress people.
No shit the loss isn’t realized until you sell. If rates pop up to ~6% nobody is buying anyone’s 800k home nor able to borrow at that rate.
What a dumb fuck.
No need to spaz like you're in some Tug thread.
Of course, my money market account was paying 15% too.
Btw, in 1982, I believe all interest on personal debt was tax deductible. Inflation was high. In retrospect, it was a good time to be a debtor.
