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Posted on 3/6/12 at 9:42 pm to TheHiddenFlask
What random thought thread? I only asked because in the thread What do you think about the economy or something like that I explained that I'm seeing an increase of stopping payment of mortgages among sellers across all home prices and income strata.
Posted on 3/7/12 at 12:32 pm to TheHiddenFlask
quote:
No, but it is harder to foreclose on more expensive houses. However, 5 years is insane.
Foreclosure rate on $1M+ homes has increased significantly the last 6-months. Banks must believe their capital is significantly stronger or overseers are goading them into action.
Posted on 3/7/12 at 3:21 pm to GFunk
quote:
$100K in the TIAA-CREF savings account linked here yesterday would yield $1,250/month.
$1,250x12=$15,000/year
Your math isn't quite correct here. 1.25% APR = $1250 per year = $104 per month on $100k.
1.25% is still a good yield, close to the 5yr UST but your math couldn't be more wrong
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