May 13, 20223 yr 33 minutes ago, Ipiggles said: When I built my first house I was 23 years old, the Mortgage rate was 13.9%. Nine years later that House was worth double the original cost. We built our second home when the rates had dropped to about 9%. This is our forever home. The rates had dropped some more, I refinanced- and added $70,000 to the loan, which I invested, and my mortgage payment stayed the same. They had dropped again to just under 4% and I refinanced again, shortened the term, invested another $20K. And the property is now worth 3 x's what it cost to build. Timing is everything, luck is when opportunity and preparation meet. Between the rates climbing and the probable recession looming, the housing market should stablize. Still amazed that houses are selling tens of thousands over asking price due to competition. Not a good time to be buying, but still a good time to sell for a little while yet. 14 minutes ago, Ipiggles said: The Grooming experts are here to tell you what Grooming really is. The right can't meme
May 15, 20223 yr On 5/13/2022 at 9:03 AM, Ipiggles said: When I built my first house I was 23 years old, the Mortgage rate was 13.9%. Nine years later that House was worth double the original cost. We built our second home when the rates had dropped to about 9%. This is our forever home. The rates had dropped some more, I refinanced- and added $70,000 to the loan, which I invested, and my mortgage payment stayed the same. They had dropped again to just under 4% and I refinanced again, shortened the term, invested another $20K. And the property is now worth 3 x's what it cost to build. Timing is everything, luck is when opportunity and preparation meet. Between the rates climbing and the probable recession looming, the housing market should stablize. Still amazed that houses are selling tens of thousands over asking price due to competition. Not a good time to be buying, but still a good time to sell for a little while yet. Yeah, timing is great when your household formation starts at near peak interest rate environment and you live through a secular bull market in bond prices. Doing it in the opposite direction is a bit more difficult for the average person. You can’t just ride a wave of lower and lower interest rates that force feed you gains in asset prices. The problem with housing specifically is that, regardless of rising interest rates, construction costs are through the roof between materials and regulation. Basically, to be profitable in most markets, home builders have to focus on high end housing. "Starter homes” aren’t profitable.
May 16, 20223 yr On 5/8/2022 at 10:54 PM, EaglesRocker97 said: And the "men can get pregnant” crowd continues to be confused by biology. At least pick a book with a girl old enough to hit puberty.
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