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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Which $400,000 Shack in which Ghetto of LA are U planning on buying in Wayne.
Until about 1970 U never saw a 7% mortgage let alone 8% WAYNE...so what HISTORICAL NORM ARE U TALKIN ABOUT.....U bin smokin the tailpipe of a 911 again...
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Copyright "Some Observer" |
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06-16-2007, 01:03 AM
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Registered
Join Date: Sep 2001
Location: Tucson AZ USA
Posts: 8,228
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I ccan verify Wayne's assumptions since about 22 years ago, after a divorce, I had to refinance in order to keep the house and pay off the ex. I paid a bit more in order to keep the HIL interest from going above 15%!!
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Bob S. former owner of a 1984 silver 944 |
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06-16-2007, 07:28 AM
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Rising interest rates will help those with cash for downpayments. But, if you run your example with no downpayment, the monthly payment is higher. We all know the majority of buyers are only concerned about their house payments.
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-------------------- Garth 70 911E 08 Buell XB12XT |
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06-16-2007, 09:50 AM
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Wayne,
House pricing keeps on going up here in Seattle (and in the NW), but I know it's still going down elsewhere. We here about national pricing in the daily rags, and online... but what's the truth about the pricing in greater LA? I heard a guy on NPR yesterday say that the bottom has been reached. E
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http://www.autoforeignservices.com/ 57 Speedster, (4) 67S coupe's, (2) 67S targas, 68L Rally car etc. etc. |
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06-16-2007, 10:04 AM
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1967 Porsche 911S 2.7 Twin Plug
