Low rates are here to stay. I would probably won’t see rates above 8 % for another 2 decades
God, I hope that's true.
The Throbber needs 3 to 5 years of moderately low rates (4 to 5%) so he can GTFO out the compound and then Ka Ching into a nice ass mcmansion in a nice ass climate. Fuck this snow bullshit. Aside from mosquito swatting bikers with his Boss snow plow, moving mass amounts of snow loses it's novelty after a couple years.
Low rates are here to stay. I would probably won’t see rates above 8 % for another 2 decades
God, I hope that's true.
The Throbber needs 3 to 5 years of moderately low rates (4 to 5%) so he can GTFO out the compound and then Ka Ching into a nice ass mcmansion in a nice ass climate. Fuck this snow bullshit. Aside from mosquito swatting bikers with his Boss snow plow, moving mass amounts of snow loses it's novelty after a couple years.
I need rates to stay low ... like below any credible notion of a 5% pension discount rate, for my lump sum payout in 2028 or 2029. The supplemental piece in particular moves like a mother fucker on discount rate. The qualified piece is more like a yacht ... bigger and more stable. The supplemental, which makes up 40+% of my benefit, is like a Jet Ski. Any little move in rates and that fucking thing is all over the place.
Low rates are here to stay. I would probably won’t see rates above 8 % for another 2 decades
God, I hope that's true.
The Throbber needs 3 to 5 years of moderately low rates (4 to 5%) so he can GTFO out the compound and then Ka Ching into a nice ass mcmansion in a nice ass climate. Fuck this snow bullshit. Aside from mosquito swatting bikers with his Boss snow plow, moving mass amounts of snow loses it's novelty after a couple years.
I need rates to stay low ... like below any credible notion of a 5% pension discount rate, for my lump sum payout in 2028 or 2029. The supplemental piece in particular moves like a mother fucker on discount rate. The qualified piece is more like a yacht ... bigger and more stable. The supplemental, which makes up 40+% of my benefit, is like a Jet Ski. Any little move in rates and that fucking thing is all over the place.
The Throbber just wants to cash the fuck out of the GNR Compound by pawning it off to some unsuspecting Cali/PDX/Seattleite who thinks it is cool to live in the woods, then drop all the cash into a comparable place somewhere warm and shut it the fuck down. War no mortgage!
The Throbber is totally content with having high speed internet, a fully charged Kindle and a fridge stocked with cervezas and vodka. Don't need much more, to be honest. Getting all the jet setting out of my system while I can still get around without a walker.
Low rates are here to stay. I would probably won’t see rates above 8 % for another 2 decades
God, I hope that's true.
The Throbber needs 3 to 5 years of moderately low rates (4 to 5%) so he can GTFO out the compound and then Ka Ching into a nice ass mcmansion in a nice ass climate. Fuck this snow bullshit. Aside from mosquito swatting bikers with his Boss snow plow, moving mass amounts of snow loses it's novelty after a couple years.
The low mortgage rates are the thread keeping the whole thing together just like low interest rates keep the borrowing going.
science
True - and like we say, as long as the house is paid off/new home purchased debt free within 5 years, gonna buy me a golf cart and play some bocci for fun. No car payment/upkeep/insurance. No more paying for kids, no more anything but booze, edibles and internet. And Fuck Jay Inslee we're at it - gonna take all those capital gains elsewhere, motherfucker.
Sort of how I imagine @RaceBannon lives right now.
The low mortgage rates are the thread keeping the whole thing together just like low interest rates keep the borrowing going.
science
How fucking dependent on housing is our economy?
Btw that's good for Creepy's company bidness, but still. We have a lot of eggs in that basket.
Everyone does
I noted last year that as the economy shut down the rich neighborhoods were full of tradesmen remolding both for owners and for profit. Also need that foreign money to keep pouring in to justify the prices
Orange County prime ocean is where Beverley Hills was and the high end in LA on a big flat lot with 20,000 sf is near 100 million
The low mortgage rates are the thread keeping the whole thing together just like low interest rates keep the borrowing going.
science
How fucking dependent on housing is our economy?
Btw that's good for Creepy's company bidness, but still. We have a lot of eggs in that basket.
Everyone does
I noted last year that as the economy shut down the rich neighborhoods were full of tradesmen remolding both for owners and for profit. Also need that foreign money to keep pouring in to justify the prices
Orange County prime ocean is where Beverley Hills was and the high end in LA on a big flat lot with 20,000 sf is near 100 million
Somebody has money
$100 million for a house. JFC. There's a lot of money in that white powder.
The low mortgage rates are the thread keeping the whole thing together just like low interest rates keep the borrowing going.
science
How fucking dependent on housing is our economy?
Btw that's good for Creepy's company bidness, but still. We have a lot of eggs in that basket.
Everyone does
I noted last year that as the economy shut down the rich neighborhoods were full of tradesmen remolding both for owners and for profit. Also need that foreign money to keep pouring in to justify the prices
Orange County prime ocean is where Beverley Hills was and the high end in LA on a big flat lot with 20,000 sf is near 100 million
Somebody has money
$100 million for a house. JFC. There's a lot of money in that white powder.
For the guy who wants to shit in a different toilet every day of the month.
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.
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.
No need to spaz like you're in some Tug thread.
Interest rates never hit 15-16% at anytime in the 1970s let alone the early 70s but cool story bro. It's almost like a story a whiney Kunt would tell.
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.
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.
No need to spaz like you're in some Tug thread.
Interest rates never hit 15-16% at anytime in the 1970s let alone the early 70s but cool story bro. It's almost like a story a whiney Kunt would tell.
At this bored, we say, "You must be mistaken, good sir."
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.
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.
No need to spaz like you're in some Tug thread.
I think my boss paid 18% in 1982 or thereabouts.
Of course, my money market account was paying 15% too.
If you were trying to save for retirement during the early to mid 80s the only investment advice you'd get would be to put your money into a CD.
Just refi'd to a 15 year fixed at 2.375% in November. Immediately went from paying about 57% to the interest each month to paying 72% toward the principal each month. Playing around with paying an additional $500 each month and the savings in interest over the life of the loan are not insignificant. I went from thinking I'd always have a mortgage to realistically paying this place off in less than 10 years. If I can get my wife to stop buying expensive cars and put that money toward the mortgage I could have the place paid off before I retire.
Just refi'd to a 15 year fixed at 2.375% in November. Immediately went from paying about 57% to the interest each month to paying 72% toward the principal each month. Playing around with paying an additional $500 each month and the savings in interest over the life of the loan are not insignificant. I went from thinking I'd always have a mortgage to realistically paying this place off in less than 10 years. If I can get my wife to stop buying expensive cars and put that money toward the mortgage I could have the place paid off before I retire.
That's a good deal. If you're convinced like @HoustonHusky that the Fed will keep this house of cards propped up for a while longer, you might take that $500 and put in the market. The net gain is easy against 2.375% interest, and your house is increasing in value as well.
I went to a 15 year back a billion years ago at 4.5%, which relative to where they'd been bumping along was like a home run for timing the market. It was miraculous. And that 15 years flew by quickly. No question that in hindsight that move will be amongst the most significant financial moves you'll ever make unless you get in on some private equity thing and hit it out of the park or unless you're one of thee investment wizbangs that lurk around here. I am not that person. I don't have the balls for it.
Comments
The Throbber needs 3 to 5 years of moderately low rates (4 to 5%) so he can GTFO out the compound and then Ka Ching into a nice ass mcmansion in a nice ass climate. Fuck this snow bullshit. Aside from mosquito swatting bikers with his Boss snow plow, moving mass amounts of snow loses it's novelty after a couple years.
The Throbber is totally content with having high speed internet, a fully charged Kindle and a fridge stocked with cervezas and vodka. Don't need much more, to be honest. Getting all the jet setting out of my system while I can still get around without a walker.
science
Sort of how I imagine @RaceBannon lives right now.
Btw that's good for Creepy's company bidness, but still. We have a lot of eggs in that basket.
I noted last year that as the economy shut down the rich neighborhoods were full of tradesmen remolding both for owners and for profit. Also need that foreign money to keep pouring in to justify the prices
Orange County prime ocean is where Beverley Hills was and the high end in LA on a big flat lot with 20,000 sf is near 100 million
Somebody has money
I went to a 15 year back a billion years ago at 4.5%, which relative to where they'd been bumping along was like a home run for timing the market. It was miraculous. And that 15 years flew by quickly. No question that in hindsight that move will be amongst the most significant financial moves you'll ever make unless you get in on some private equity thing and hit it out of the park or unless you're one of thee investment wizbangs that lurk around here. I am not that person. I don't have the balls for it.