zulu
New Member
Posts • 17
Likes • 0
December 2007
|
Credit crunch, credit crunch, credit crunch, by zulu on Dec 19, 2007 18:34:52 GMT 1, Does this mean we should sell our houses and invest / bank the cash... or should we (those that can) be buying housing while the market is low?
I'm trying to save for my first home and I have no idea what's going on.
Does this mean we should sell our houses and invest / bank the cash... or should we (those that can) be buying housing while the market is low?
I'm trying to save for my first home and I have no idea what's going on.
|
|
stuey09
New Member
Posts • 49
Likes • 1
August 2008
|
Credit crunch, credit crunch, credit crunch, by stuey09 on Dec 19, 2007 18:38:58 GMT 1, Does this mean we should sell our houses and invest / bank the cash... or should we (those that can) be buying housing while the market is low? I'm trying to save for my first home and I have no idea what's going on.
I'll bet there's not many that do know what's going on. Welcome to the forum by the way.
Does this mean we should sell our houses and invest / bank the cash... or should we (those that can) be buying housing while the market is low? I'm trying to save for my first home and I have no idea what's going on. I'll bet there's not many that do know what's going on. Welcome to the forum by the way.
|
|
ray
New Member
Posts • 388
Likes • 0
June 2007
|
Credit crunch, credit crunch, credit crunch, by ray on Dec 19, 2007 18:40:35 GMT 1, Does this mean we should sell our houses and invest / bank the cash... or should we (those that can) be buying housing while the market is low? I'm trying to save for my first home and I have no idea what's going on.
If you're going to live in the house for at least 5 years then buy it and don't get caught up in price changes or trying to bottom the market. If you want to try to bottom the real estate market wait for prices to come up 6-9% and buy then.
Interest rates are historically cheap so that's not an issue. If they go down dramatically then just refi. I assume a portion your interest is tax deductible where you live?
Does this mean we should sell our houses and invest / bank the cash... or should we (those that can) be buying housing while the market is low? I'm trying to save for my first home and I have no idea what's going on. If you're going to live in the house for at least 5 years then buy it and don't get caught up in price changes or trying to bottom the market. If you want to try to bottom the real estate market wait for prices to come up 6-9% and buy then. Interest rates are historically cheap so that's not an issue. If they go down dramatically then just refi. I assume a portion your interest is tax deductible where you live?
|
|
|
Credit crunch, credit crunch, credit crunch, by mydeaddogwontwoof on Dec 19, 2007 18:45:47 GMT 1, Just wondering, around half of our home adjustable rates over here (US) use the LIBOR (London Interbank Offered Rate). Same over there or are you 100% LIBOR? That appears to me like this.... 想知道, 在一半我們的家庭可調整費率附近(美國) 在這使用LIBOR (倫敦銀行間的賣價) 。同樣在那或是您100% LIBOR?
How the feck did you type that on a QWERTY keyboard???
Just wondering, around half of our home adjustable rates over here (US) use the LIBOR (London Interbank Offered Rate). Same over there or are you 100% LIBOR? That appears to me like this.... 想知道, 在一半我們的家庭可調整費率附近(美國) 在這使用LIBOR (倫敦銀行間的賣價) 。同樣在那或是您100% LIBOR? How the feck did you type that on a QWERTY keyboard???
|
|
|
Credit crunch, credit crunch, credit crunch, by corblimeylimey on Dec 19, 2007 18:52:05 GMT 1, That appears to me like this.... 想知道, 在一半我們的家庭可調整費率附近(美國) 在這使用LIBOR (倫敦銀行間的賣價) 。同樣在那或是您100% LIBOR? How the feck did you type that on a QWERTY keyboard???
相當容易地
That appears to me like this.... 想知道, 在一半我們的家庭可調整費率附近(美國) 在這使用LIBOR (倫敦銀行間的賣價) 。同樣在那或是您100% LIBOR? How the feck did you type that on a QWERTY keyboard??? 相當容易地
|
|
|
Credit crunch, credit crunch, credit crunch, by corblimeylimey on Dec 19, 2007 18:54:00 GMT 1, Я могу сделать русского слишком
Я могу сделать русского слишком
|
|
|
|
Credit crunch, credit crunch, credit crunch, by numusic on Dec 19, 2007 18:54:20 GMT 1, Does this mean we should sell our houses and invest / bank the cash... or should we (those that can) be buying housing while the market is low? I'm trying to save for my first home and I have no idea what's going on. If you're going to live in the house for at least 5 years then buy it and don't get caught up in price changes or trying to bottom the market. If you want to try to bottom the real estate market wait for prices to come up 6-9% and buy then. Interest rates are historically cheap so that's not an issue. If they go down dramatically then just refi. I assume a portion your interest is tax deductible where you live?
i either just fell asleep and had a nightmare or got sucked through some wormhole and came out in a universe where everything is the opposite...subversive art forum becomes real estate agent forum and so on and so forth. Hey, maybe LUFC are winning the premiereship here ! ;D
Does this mean we should sell our houses and invest / bank the cash... or should we (those that can) be buying housing while the market is low? I'm trying to save for my first home and I have no idea what's going on. If you're going to live in the house for at least 5 years then buy it and don't get caught up in price changes or trying to bottom the market. If you want to try to bottom the real estate market wait for prices to come up 6-9% and buy then. Interest rates are historically cheap so that's not an issue. If they go down dramatically then just refi. I assume a portion your interest is tax deductible where you live? i either just fell asleep and had a nightmare or got sucked through some wormhole and came out in a universe where everything is the opposite...subversive art forum becomes real estate agent forum and so on and so forth. Hey, maybe LUFC are winning the premiereship here ! ;D
|
|
|
Credit crunch, credit crunch, credit crunch, by corblimeylimey on Dec 19, 2007 18:56:37 GMT 1, Если вы идете жить в доме для по крайней мере, то 5 лет тогда покупают ее и не получают уловленными вверх в изменения цен или пытаться основать рынок. Если вы хотите попытаться основать ожидание рынока
Если вы идете жить в доме для по крайней мере, то 5 лет тогда покупают ее и не получают уловленными вверх в изменения цен или пытаться основать рынок. Если вы хотите попытаться основать ожидание рынока
|
|
|
Credit crunch, credit crunch, credit crunch, by insite on Dec 19, 2007 18:56:56 GMT 1, Does this mean we should sell our houses and invest / bank the cash... or should we (those that can) be buying housing while the market is low? I'm trying to save for my first home and I have no idea what's going on.
None of it makes much sense, here's my example. We just bought a house but had our offer accepted 7 months ago (don't get me started on lawyers). Our offer was lower than the asking price which is based on the market value. Since then "the markets collapsed" but the value of property hasn't dropped as far as our saving so the house is worth less than when we made our offer but is still worth more than we paid. Does that make sense ?
(edit) Forgot to say, do I care ? No, got a roof and walls fuck the rest of it.
Does this mean we should sell our houses and invest / bank the cash... or should we (those that can) be buying housing while the market is low? I'm trying to save for my first home and I have no idea what's going on. None of it makes much sense, here's my example. We just bought a house but had our offer accepted 7 months ago (don't get me started on lawyers). Our offer was lower than the asking price which is based on the market value. Since then "the markets collapsed" but the value of property hasn't dropped as far as our saving so the house is worth less than when we made our offer but is still worth more than we paid. Does that make sense ? (edit) Forgot to say, do I care ? No, got a roof and walls fuck the rest of it.
|
|
|
Credit crunch, credit crunch, credit crunch, by corblimeylimey on Dec 19, 2007 18:58:32 GMT 1,
|
|
|
Credit crunch, credit crunch, credit crunch, by corblimeylimey on Dec 19, 2007 19:01:22 GMT 1,
|
|
|
Credit crunch, credit crunch, credit crunch, by mydeaddogwontwoof on Dec 19, 2007 19:05:38 GMT 1, How the feck did you type that on a QWERTY keyboard??? 相當容易地
ah, i see, ##`##^^##%%##.
ok, maybe i don't.... (bloody show off with your oriental keyboard!!)
it's very good tho, do you know what it means?, i'm guessing some kind of beef dish?
How the feck did you type that on a QWERTY keyboard??? 相當容易地 ah, i see, ##`##^^##%%##. ok, maybe i don't.... (bloody show off with your oriental keyboard!!) it's very good tho, do you know what it means?, i'm guessing some kind of beef dish?
|
|
ray
New Member
Posts • 388
Likes • 0
June 2007
|
Credit crunch, credit crunch, credit crunch, by ray on Dec 19, 2007 19:20:48 GMT 1, If you're going to live in the house for at least 5 years then buy it and don't get caught up in price changes or trying to bottom the market. If you want to try to bottom the real estate market wait for prices to come up 6-9% and buy then. Interest rates are historically cheap so that's not an issue. If they go down dramatically then just refi. I assume a portion your interest is tax deductible where you live? i either just fell asleep and had a nightmare or got sucked through some wormhole and came out in a universe where everything is the opposite...subversive art forum becomes real estate agent forum and so on and so forth. Hey, maybe LUFC are winning the premiereship here ! ;D
I think I have my first stalker.
If you're going to live in the house for at least 5 years then buy it and don't get caught up in price changes or trying to bottom the market. If you want to try to bottom the real estate market wait for prices to come up 6-9% and buy then. Interest rates are historically cheap so that's not an issue. If they go down dramatically then just refi. I assume a portion your interest is tax deductible where you live? i either just fell asleep and had a nightmare or got sucked through some wormhole and came out in a universe where everything is the opposite...subversive art forum becomes real estate agent forum and so on and so forth. Hey, maybe LUFC are winning the premiereship here ! ;D I think I have my first stalker.
|
|
|
Credit crunch, credit crunch, credit crunch, by corblimeylimey on Dec 19, 2007 19:46:31 GMT 1, ah, i see, ##`##^^##%%##. ok, maybe i don't.... (bloody show off with your oriental keyboard!!) it's very good tho, do you know what it means?, i'm guessing some kind of beef dish?
I'm on a Mac just using the inbuilt translation software and copy and pasting. your post above translates to this in Chinese (traditional han)
啊, 我看見, ##`##^^##%%##.
好, 我可能不.... (血淋淋的顯示與您的東方鍵盤!!)
這是非常好tho, 您知道什麼它
ah, i see, ##`##^^##%%##. ok, maybe i don't.... (bloody show off with your oriental keyboard!!) it's very good tho, do you know what it means?, i'm guessing some kind of beef dish? I'm on a Mac just using the inbuilt translation software and copy and pasting. your post above translates to this in Chinese (traditional han) 啊, 我看見, ##`##^^##%%##. 好, 我可能不.... (血淋淋的顯示與您的東方鍵盤!!) 這是非常好tho, 您知道什麼它
|
|
|
|
Credit crunch, credit crunch, credit crunch, by mammal2 on Dec 19, 2007 19:53:06 GMT 1, Holy shit that was all really boring....www.realestatemyface.info
Holy shit that was all really boring....www.realestatemyface.info
|
|
|
Credit crunch, credit crunch, credit crunch, by numusic on Dec 19, 2007 19:53:32 GMT 1, Holy s**t that was all really boring....www.realestatemyface.info
he he
Holy s**t that was all really boring....www.realestatemyface.info he he
|
|
|
Credit crunch, credit crunch, credit crunch, by numusic on Dec 19, 2007 19:55:09 GMT 1, i either just fell asleep and had a nightmare or got sucked through some wormhole and came out in a universe where everything is the opposite...subversive art forum becomes real estate agent forum and so on and so forth. Hey, maybe LUFC are winning the premiereship here ! ;D I think I have my first stalk on.
Too much information dude
i either just fell asleep and had a nightmare or got sucked through some wormhole and came out in a universe where everything is the opposite...subversive art forum becomes real estate agent forum and so on and so forth. Hey, maybe LUFC are winning the premiereship here ! ;D I think I have my first stalk on. Too much information dude
|
|
ray
New Member
Posts • 388
Likes • 0
June 2007
|
Credit crunch, credit crunch, credit crunch, by ray on Dec 19, 2007 21:37:58 GMT 1, I think I have my first stalk on. Too much information dude
I guess someone has to keep stirring the pot. I don't mind, really. if it makes ya feel better about yourself then stir away!
I think I have my first stalk on. Too much information dude I guess someone has to keep stirring the pot. I don't mind, really. if it makes ya feel better about yourself then stir away!
|
|
|
Credit crunch, credit crunch, credit crunch, by veralynn on Dec 19, 2007 21:41:18 GMT 1, Sry, cant resist a post - a quorum of group chief economists of the leading UK banks think there is a realistic chance of UK base rates being around 4.5% next year to prevent an over correction of the UK housing market and in turn consumer confidence. That said they are predicting that the downside of such low rates will be an upside inflationary risk which may necessitate base rates of around 6.5% in the summer of 2009. The general thinking being that we would rather inflationary risk than stagflation. For those who live elsewhere as a rule of thumb UK banks price their loans on a base rather than LIBOR related basis - and its the pension companies who are the ultimate owners of CDO's and the UK bank write offs of £1bio are a drop in the ocean in comparison to the year on year profits made. Ta
Sry, cant resist a post - a quorum of group chief economists of the leading UK banks think there is a realistic chance of UK base rates being around 4.5% next year to prevent an over correction of the UK housing market and in turn consumer confidence. That said they are predicting that the downside of such low rates will be an upside inflationary risk which may necessitate base rates of around 6.5% in the summer of 2009. The general thinking being that we would rather inflationary risk than stagflation. For those who live elsewhere as a rule of thumb UK banks price their loans on a base rather than LIBOR related basis - and its the pension companies who are the ultimate owners of CDO's and the UK bank write offs of £1bio are a drop in the ocean in comparison to the year on year profits made. Ta
|
|
ray
New Member
Posts • 388
Likes • 0
June 2007
|
Credit crunch, credit crunch, credit crunch, by ray on Dec 19, 2007 21:49:53 GMT 1, Sry, cant resist a post - a quorum of group chief economists of the leading UK banks think there is a realistic chance of UK base rates being around 4.5% next year to prevent an over correction of the UK housing market and in turn consumer confidence. That said they are predicting that the downside of such low rates will be an upside inflationary risk which may necessitate base rates of around 6.5% in the summer of 2009. The general thinking being that we would rather inflationary risk than stagflation. For those who live elsewhere as a rule of thumb UK banks price their loans on a base rather than LIBOR related basis - and its the pension companies who are the ultimate owners of CDO's and the UK bank write offs of £1bio are a drop in the ocean in comparison to the year on year profits made. Ta
he he
Sry, cant resist a post - a quorum of group chief economists of the leading UK banks think there is a realistic chance of UK base rates being around 4.5% next year to prevent an over correction of the UK housing market and in turn consumer confidence. That said they are predicting that the downside of such low rates will be an upside inflationary risk which may necessitate base rates of around 6.5% in the summer of 2009. The general thinking being that we would rather inflationary risk than stagflation. For those who live elsewhere as a rule of thumb UK banks price their loans on a base rather than LIBOR related basis - and its the pension companies who are the ultimate owners of CDO's and the UK bank write offs of £1bio are a drop in the ocean in comparison to the year on year profits made. Ta he he
|
|