Liberal Forum

Z09 » 27 Dec 2023, 9:28 am » wrote: ↑

27 Dec 2023, 9:28 am

Yes. 

You've embarrassed yourself again

Loan to value means nothing if you're not qualified to pay back the loan.
 
 That's why some guy with a down payment won't get approved if he works at Pizza Hut part time ..

And probably not going to have $250,000 to put down.  My son and his wife bought 12 acres with a 4500 sq ft house and horse facilities for $825,000 in Minnesota before interest rates skyrocketed.  They had $300,000 to put down from the sale of their previous home in Stillwater.  They locked in a 3.25% 30 year fixed rate.  He says with today's ridiculously high rates, caused by braindead biden's inflation, they would have been priced out of buying by the resulting higher payments.  BTW, they both have excellent high paying jobs.  
 

Z09 » 27 Dec 2023, 9:47 am » wrote: ↑

27 Dec 2023, 9:47 am

And that's the exact point I've been trying to show Suave .

But he says interest rates has nothing to do with it..
But he's wrong..

He ain't suave he is wrong and loutish!!!
 
 

maineman » 27 Dec 2023, 8:53 am » wrote: ↑

27 Dec 2023, 8:53 am

Retail sales up 3% from last year. Gas prices coming down. Energy production up. Wages going up. Inflation cooling. Job growth strong and constant. From MY perspective, numbers like that are indications that the country is moving in the right direction.

That's because you have no common sense, if the same amount of goods "sold" were up 3% and inflation during the same period was 13%.....are you so ignorant the math escapes you?

No wonder you're a "Biden Man" (said with the same derision Al Pacino exhibited when he said "Baird Man").
 

R.Suave » 27 Dec 2023, 6:53 am » wrote: ↑

27 Dec 2023, 6:53 am

Does this pass for "wit" where you loiter?

I don't loiter RN...NEXT!

maineman » 27 Dec 2023, 8:53 am » wrote: ↑

27 Dec 2023, 8:53 am

Retail sales up 3% from last year. Gas prices coming down. Energy production up. Wages going up. Inflation cooling. Job growth strong and constant. From MY perspective, numbers like that are indications that the country is moving in the right direction.

What perspective would that be?

 


 

R.Suave » 27 Dec 2023, 6:53 am » wrote: ↑

27 Dec 2023, 6:53 am

Where's your data, Rog?

you're the one that was asked to post the data, RN...but we saw where that went...


 
 

RebelGator » 27 Dec 2023, 9:56 am » wrote: ↑

27 Dec 2023, 9:56 am

That's because you have no common sense, if the same amount of goods "sold" were up 3% and inflation during the same period was 13%.....are you so ignorant the math escapes you?

No wonder you're a "Biden Man" (said with the same derision Al Pacino exhibited when he said "Baird Man").

Inflation wasn't 13%.  Why do you feel compelled to lie like that?

maineman » 27 Dec 2023, 11:59 am » wrote: ↑

27 Dec 2023, 11:59 am

Inflation wasn't 13%.  Why do you feel compelled to lie like that?

In the two year period,even the reported numbers are 13%......and they were cherry picked data. 

I don't lie, but you sure as hell embellish the numbers to satisfy your agenda. 

RebelGator » 27 Dec 2023, 1:24 pm » wrote: ↑

27 Dec 2023, 1:24 pm

In the two year period,even the reported numbers are 13%......and they were cherry picked data. 

I don't lie, but you sure as hell embellish the numbers to satisfy your agenda.

Retail sales were up 3% for one year.

Everyone is predicting a soft non-recessionary landing.

Go Joe!

 

maineman » 27 Dec 2023, 2:30 pm » wrote: ↑

27 Dec 2023, 2:30 pm

Retail sales were up 3% for one year.

Everyone is predicting a soft non-recessionary landing.

Go Joe!

Ask them AFTER they go to the grocery store and pay their energy bills.

Rent/mortgage, food, and gas are what average voters are most concerned with.

It's amazing anyone has ever bought a home over the last 50 years, what seems like high rates today is really just average. The days of cheap money are gone for awhile, in the meantime your income still has to be sufficient enough to meet your mortgage lenders DTI ratio.

"30 Year Mortgage Rate in the United States averaged 7.74 percent from 1971 until 2023, reaching an all time high of 18.63 percent in October of 1981 and a record low of 2.65 percent in January of 2021."

Fuelman » 27 Dec 2023, 3:10 pm » wrote: ↑

27 Dec 2023, 3:10 pm

It's amazing anyone has ever bought a home over the last 50 years, what seems like high rates today is really just average. The days of cheap money are gone for awhile, in the meantime your income still has to be sufficient enough to meet your mortgage lenders DTI ratio.

"30 Year Mortgage Rate in the United States averaged 7.74 percent from 1971 until 2023, reaching an all time high of 18.63 percent in October of 1981 and a record low of 2.65 percent in January of 2021."

If you have an iota of sense, you defer the purchase, fully cognizant of the fact that rates will fall even faster than they rose.
 

Z09 » 27 Dec 2023, 3:19 pm » wrote: ↑

27 Dec 2023, 3:19 pm

Quite amazing ..

You've spent two days saying interest rates have nothing to do with slow home sales.

You're obviously not well.

No, I haven't.

Had I done so, you wouldn't be vaguely describing such words...you'd post them.
 

Z09 » 27 Dec 2023, 3:14 pm » wrote: ↑

27 Dec 2023, 3:14 pm

I under Trump it was in the 3s

Now it's double that

Yes, interest rates change.
My first mortgage was at 12% in 1984.
The interest rate has never stopped us.

Z09 » 27 Dec 2023, 3:32 pm » wrote: ↑

27 Dec 2023, 3:32 pm

Wanna explain?

Want do you need explained?

Specifically..
 

Z09 » 27 Dec 2023, 3:30 pm » wrote: ↑

27 Dec 2023, 3:30 pm

5 years ago under Trump interest rates were in the 3s

And now with Biden they're doubled and millions are no longer qualified to own a home.
Considering inflation and everything thing else this man has touched, it's hurt the average American

No doubt that 65% of households living paycheck to paycheck are feeling considerable pain. Even some of the more well to do people I talk to mention price increases.
 

Fuelman » 27 Dec 2023, 3:46 pm » wrote: ↑

27 Dec 2023, 3:46 pm

No doubt that 65% of households living paycheck to paycheck are feeling considerable pain. Even some of the more well to do people I talk to mention price increases.

yeah but the these people have always lived pay check to pay check. And the rich are doing well so it will trickled down to the poor folks just like republicans want. 

R.Suave » 27 Dec 2023, 3:14 pm » wrote: ↑

27 Dec 2023, 3:14 pm

If you have an iota of sense, you defer the purchase, fully cognizant of the fact that rates will fall even faster than they rose.

JMO, if you have to wait for interest rates to change a few points to afford the payment, you can't afford the house!

I have an issue with banks telling people what they can afford and people stupid enough to believe them. 
 

Fuelman » 27 Dec 2023, 4:01 pm » wrote: ↑

27 Dec 2023, 4:01 pm

JMO, if you have to wait for interest rates to change a few points to afford the payment, you can't afford the house!

I have an issue with banks telling people what they can afford and people stupid enough to believe them.

Well the Republicans plan is to get the rich even richer so you can collect the tips when they have lavish parties. 

Fuelman » 27 Dec 2023, 4:01 pm » wrote: ↑

27 Dec 2023, 4:01 pm

JMO, if you have to wait for interest rates to change a few points to afford the payment, you can't afford the house!

I have an issue with banks telling people what they can afford and people stupid enough to believe them.

Relative to contemporary expectations, 7 is pretty extreme...and the trajectory is reasonably clear.