Another .50% cut today, stocks responding nicely. Of course the U.S. dollar is weaker and now we get to see more inflation, but at least everyone will be happy in the short term...
Another .50% cut today, stocks responding nicely. Of course the U.S. dollar is weaker and now we get to see more inflation, but at least everyone will be happy in the short term...
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by TimS »</TD></TR><TR><TD CLASS="quote">Another .50% cut today, stocks responding nicely. Of course the U.S. dollar is weaker and now we get to see more inflation, but at least everyone will be happy in the short term...</TD></TR></TABLE>
I figured that was coming.
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by TimS »</TD></TR><TR><TD CLASS="quote">at least everyone will be happy in the short term...</TD></TR></TABLE>
Nobody wants to admit it, but we're in a recession right now.
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Jiggernaut »</TD></TR><TR><TD CLASS="quote">Nobody wants to admit it, but we're in a recession right now.
We have been for 3 goin on 4 months now
Time to go get a low interest Home equity loan - just in case the job goes belly up!
"Success is never owned, it is rented, and the rent is due every day."
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by sclark »</TD></TR><TR><TD CLASS="quote">Time to go get a low interest Home equity loan - just in case the job goes belly up!
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I see lots of major home improvement projects at my little Ponderosa this spring...if you can roof, put siding on, do concrete work, put up gutters, or lay laminate flooring, I am now accepting applications. Must be willing to work for cheap beer, cheaper whiskey, and if I can find some even cheaper women. I'll even throw in some decent steaks to sweeten up the deal...
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by tritonryan »</TD></TR><TR><TD CLASS="quote">
IE.....parts/service depletes & peeps not spending $$$
And Ryan's post count skyrockets
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by cgs2004 »</TD></TR><TR><TD CLASS="quote">
And Ryan's post count skyrockets
Actually.......there is more truth to that that it seems.........its pretty unfortunate too........cause as my count goes up my paycheck goes down
My thinking was i can get this loan and not use it, then if i lose my job i have a line of credit to supplement my living expense until i find a new job.
Don't reall want to use it, until i need it.
"Success is never owned, it is rented, and the rent is due every day."
Has anyone ever purchased Involuntary Unemployment Insurance on a loan they have gotten?
Just curious what everyone thinks of this?
"Success is never owned, it is rented, and the rent is due every day."
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by TimS »</TD></TR><TR><TD CLASS="quote">
I see lots of major home improvement projects at my little Ponderosa this spring...if you can roof, put siding on, do concrete work, put up gutters, or lay laminate flooring, I am now accepting applications. Must be willing to work for cheap beer, cheaper whiskey, and if I can find some even cheaper women. I'll even throw in some decent steaks to sweeten up the deal...
Are you hedging that improvements done with a low interest rate note will increase the value of your property enough to outpace the loan cost? Just trying to understand the logic of that.
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Jiggernaut »</TD></TR><TR><TD CLASS="quote">
Are you hedging that improvements done with a low interest rate note will increase the value of your property enough to outpace the loan cost? Just trying to understand the logic of that.</TD></TR></TABLE>
No doubt about it in my neighborhood and homes similar in size/price to mine.
Yep, that makes sense then. So where are you moving to once you get all this done and you make a tidy profit on the sale???
Would that be the reason that Home Depot and other home improvement stores have been doing so well for the past week?
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Jiggernaut »</TD></TR><TR><TD CLASS="quote">Yep, that makes sense then. So where are you moving to once you get all this done and you make a tidy profit on the sale???</TD></TR></TABLE>
Your garage...
Actually I will have no reason to move as right now my house is fine for just me and the dog...just want to have it ready when the time is right. I really think in the next year or so around here a guy will be able to buy a lot more house for the money than you could a couple years ago. My house is small enough and in the price range that the housing market slowdown is not hurting its value, it is actually brining more people down to where my house would be priced.
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by TimS »</TD></TR><TR><TD CLASS="quote">
Your garage...
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I'm not sure that would work, as I need a place to stay when the wife kicks me out of the house.
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by TimS »</TD></TR><TR><TD CLASS="quote">
Your garage...
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Tim........I know EXACTLY what you mean........Gina and I have been talking about the same thing........only problem is that once we do this we will end up buying another house that has increased in value just as much or more.....and cost us even more to get into it even after the Equity we have built into our existing home.......plus ours is in the "target" market right now for affordable housing..........................might just have to look into moving out of town or something once Owen is ready to start scholl in 2 years or so
In terms of taking out a loan, which I try to avoid, it makes a helluva lot more sense to use it for improvements to a home, as real estate will always appreciate over time, even if there are peaks and valleys to the cycle. Loans on things that depreciate are what you want to avoid.
In the event a loan is necessary for a car or boat purchase, you take one out using the equity in your home and then you can deduct the interest on your taxes. That's what I have done. Of course you have to have equity in your home to do it........
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