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re: William shatner vs millenial regarding housing costs
Posted on 11/10/19 at 10:54 am to HailHailtoMichigan!
Posted on 11/10/19 at 10:54 am to HailHailtoMichigan!
His premise in that tweet is just pretty flawed in general. Who kept that 12% interest for 30 years? As if they didn't refinance. 315k is about 100k over the median home price in the US too.
This post was edited on 11/10/19 at 10:56 am
1
Posted on 11/10/19 at 11:00 am to HailHailtoMichigan!
You don't frick with Shatner. He will bury you.
Posted on 11/10/19 at 11:01 am to Sneaky__Sally
quote:
Did people actually take out 30 year loans at 12% interest?
Yes.
Posted on 11/10/19 at 11:12 am to UMRealist
quote:
His premise in that tweet is just pretty flawed in general. Who kept that 12% interest for 30 years? As if they didn't refinance. 315k is about 100k over the median home price in the US too.
My parents financed a house in 1984. Interest rates were pretty high. The refinanced around 1990-ish and converted to either a 10 or 15 year where the payment ended up staying the same as the original 30 yr loan.
Posted on 11/10/19 at 11:33 am to Sneaky__Sally
No, some of us took out 30 year loans at 13.5% interest, and were damned happy to get money that 'cheap'.
Posted on 11/10/19 at 12:34 pm to HailHailtoMichigan!
quote:
HailHailtoMichigan!
Why did you bail out of the last thread on this after you were asked to back up your claims with facts?
I know the facts didn't agree with your feelings, but that's not a reason to disregard them. Be better.
Posted on 11/10/19 at 12:44 pm to JohnnyKilroy
When Carter was president I made out like a pirate.
Posted on 11/10/19 at 12:45 pm to stout
quote:
Sure that’s the issue. I was raised here, but why not leave everything I know and all of my friends and family to live all alone with no emotional support system several states away. Why are people so clueless? How about just pay people a decent wage for Christ’s sake?
wow
Posted on 11/10/19 at 1:05 pm to JohnnyKilroy
quote:
JohnnyKilroy
Thread made about Boomers vs. Millenials...
Posted on 11/10/19 at 1:52 pm to upgrayedd
Board is full of conservatives that espouse family.
Board is full of people who never left their home state.
Board is full of people that stay in their state because of family.
But a young person espouse the same values and you guy go into a tizzy.
Board is full of people who never left their home state.
Board is full of people that stay in their state because of family.
But a young person espouse the same values and you guy go into a tizzy.
Posted on 11/10/19 at 2:16 pm to FightnBobLafollette
quote:ok
Board is full of conservatives that espouse family.
quote:lived out of state for several years
Board is full of people who never left their home state.
quote:that person is almost as big of a vagina as you
But a young person espouse the same values and you guy go into a tizzy.
This post was edited on 11/10/19 at 2:18 pm
Posted on 11/10/19 at 2:19 pm to Sneaky__Sally
We absolutely did.
Posted on 11/10/19 at 2:19 pm to upgrayedd
quote:
lived out of state for several years
Irrelevant to the point.
quote:
that person is almost as big of a vagina as this board
Fify
Run along. Take the L.
This post was edited on 11/10/19 at 2:20 pm
Posted on 11/10/19 at 2:22 pm to FightnBobLafollette
Poor bob. Can't handle losing as usual.
Maybe your mom can call chicken and make him get you a participation ribbon.
Maybe your mom can call chicken and make him get you a participation ribbon.
Posted on 11/10/19 at 2:46 pm to Unobtanium
quote:
o, some of us took out 30 year loans at 13.5% interest, and were damned happy to get money that 'cheap'.
It just seems odd to me that people would pay that much for money when average home price was like 3x median household income. Why not wait a year, save and put down more money and take a smaller or shorter loan?
Posted on 11/10/19 at 3:13 pm to upgrayedd
quote:
Poor bob. Can't handle losing as usual.
Wrecked you. When you use anecdotes you’ve lost.
quote:
Maybe your mom can call chicken and make him get you a participation ribbon.
Chicken ran out in 2013. He named the participation trophy in your honor.
Posted on 11/10/19 at 3:15 pm to Sneaky__Sally
quote:
Why not wait a year, save and put down more money and take a smaller or shorter loan?
Can't speak for everyone, this was my experience. Bought my first house in 1982 with a loan at the aforementioned 13.5% interest (gov't. subsidized program for first-time homeowners). IIRC the expectation was that the prime rate would not drop, only go up. So I went with what appeared to be the best deal at the time. Eight years later when I bought again mortgage rates had dropped to a more reasonable 10%.
Different times, different problems.
Posted on 11/10/19 at 3:28 pm to JohnnyKilroy
quote:
Why did you bail out of the last thread on this after you were asked to back up your claims with facts?
I know the facts didn't agree with your feelings, but that's not a reason to disregard them. Be better.
^100
Posted on 11/10/19 at 3:37 pm to Unobtanium
quote:
Can't speak for everyone, this was my experience. Bought my first house in 1982 with a loan at the aforementioned 13.5% interest (gov't. subsidized program for first-time homeowners). IIRC the expectation was that the prime rate would not drop, only go up. So I went with what appeared to be the best deal at the time. Eight years later when I bought again mortgage rates had dropped to a more reasonable 10%.
What percent did you put down and how long was your mortgage for? Just curious if changes in interest rates have impacted typical mortgage financing arrangements to a notable degree
This post was edited on 11/10/19 at 3:40 pm
Posted on 11/10/19 at 5:22 pm to FightnBobLafollette
quote:
Chicken ran out in 2013. He named the participation trophy in your honor.
Uh oh. Little bobby is upset that he's not as special as his mommy told him he was.
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