Funny to an old man

HHusky

EwaDawg said:

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PurpleThrobber said:

Christ. You guys haven’t lived until you bought a house at 10% plus interest requiring 20% down.

Been there, done that. I think I was at about 11% in 1990. And, of course 20% down.

Good times.

Bought our first house in 1990. I think we paid 10.25%. Thought we were really killing it when we got to 6 something in a refi.

creepycoug

HHusky said:

EwaDawg said:

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PurpleThrobber said:

Christ. You guys haven’t lived until you bought a house at 10% plus interest requiring 20% down.

Been there, done that. I think I was at about 11% in 1990. And, of course 20% down.

Good times.

Bought our first house in 1990. I think we paid 10.25%. Thought we were really killing it when we got to 6 something in a refi.

I remember when it got into the 5s; the refi world was on fire. No better time to be a mortgage broker.

Swaye

HHusky said:

EwaDawg said:

.

PurpleThrobber said:

Christ. You guys haven’t lived until you bought a house at 10% plus interest requiring 20% down.

Been there, done that. I think I was at about 11% in 1990. And, of course 20% down.

Good times.

Bought our first house in 1990. I think we paid 10.25%. Thought we were really killing it when we got to 6 something in a refi.

And you actually were killing it at 6. That's why sub 3 like we are seeing now is so absurd. And cool. It's like FREE MONEY!

creepycoug

Swaye said:

HHusky said:

EwaDawg said:

.

PurpleThrobber said:

Christ. You guys haven’t lived until you bought a house at 10% plus interest requiring 20% down.

Been there, done that. I think I was at about 11% in 1990. And, of course 20% down.

Good times.

Bought our first house in 1990. I think we paid 10.25%. Thought we were really killing it when we got to 6 something in a refi.

And you actually were killing it at 6. That's why sub 3 like we are seeing now is so absurd. And cool. It's like FREE MONEY!

Exactly. Fuck, if rates were to increase to an even rational level, you'd be net in the black maintaining the loan and parking your cash in a MM.

FireCohen

Low rates are here to stay. I would probably won’t see rates above 8 % for another 2 decades

PurpleThrobber

FireCohen said:

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.

creepycoug

PurpleThrobber said:

FireCohen said:

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.

PurpleThrobber

creepycoug said:

PurpleThrobber said:

FireCohen said:

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.

FireCohen

PurpleThrobber said:

FireCohen said:

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.

It will. Take all the screen shots you need lolz

RaceBannon

The low mortgage rates are the thread keeping the whole thing together just like low interest rates keep the borrowing going.

science