Rug Burn Junky on 22/8/2006 at 15:26
Quote Posted by Renegen
we've at least established that it's not good for the sellers
You've actually done no such thing, since your analysis is so simplistic and myopic.
Simply having the opportunity to capture the equity from a now-slowly-appreciating real estate investment to move to an investment which is more profitable in the near term can outweigh any costs of doing so, even if you haven't maximized profits by selling at its peak. Hint: High interest rates aren't a bad thing, since (
http://www.sec.gov/answers/mortgagesecurities.htm) you don't have to be on the borrowing side of a mortgage.
In fact it's a better time to sell now than during the boom if you do it correctly.
Shug on 22/8/2006 at 15:42
is this a scam
Rug Burn Junky on 22/8/2006 at 16:11
No more than anything else on Wall Street, but it keeps me rolling in the dough.
Dia on 22/8/2006 at 16:15
Quote Posted by Gorgonseye
What I want to know is......how the hell did he lose his eye? Scuffle from previous owners, birth defect, what?
Boston's are known for their feisty attitudes and get bored easily and my husband had left her out in the dog yard with Sajiro too long that day in almost 90 deg. weather. He'd come out to bring her in just as she picked a fight with my Akita/Chow; Gidj kept biting his legs trying to get him to get up & play and Sajiro finally had enough and snapped at her. Unfortunately Gidj was in the process of jumping at him and jumped right into his snap. Her skull was fractured and she lost her left eye. Sajiro weighs in at about 110 lbs. and has no sense of humor on a hot day (he also has very big teeth). I now supervise whenever the two dogs are together.
Renegen on 22/8/2006 at 17:33
Quote Posted by Rug Burn Junky
You've actually done no such thing, since your analysis is so simplistic and myopic.
Simply having the opportunity to capture the equity from a now-slowly-appreciating real estate investment to move to an investment which is more profitable in the near term can outweigh any costs of doing so, even if you haven't maximized profits by selling at its peak. Hint: High interest rates aren't a bad thing, since (
http://www.sec.gov/answers/mortgagesecurities.htm) you don't have to be on the borrowing side of a mortgage.
In fact it's a better time to sell now than during the boom if you do it correctly.
So what point are you exactly trying to bring? Taffer said himself that sellers would have a harder time selling at the same price with higher interest rates, I showed that 'we' both agreed the higher rates wasn't good for sellers. In our discussion we
both shared the same opinions, what were you trying to critique there? fuck.
As for MBS, what does that have to do with buying a house, or selling one? I actually did talk in my 'analysis' that higher rates might make potential buyers put their money somewhere else, I know higher rates are not always a bad thing.
And for myopic analysis, what about 'In fact it's a better time to sell now than during the boom if you do it correctly'. If you're lucky you can also win at roulette, but is that good for the whole? no.
Rug Burn Junky on 22/8/2006 at 17:48
Quote Posted by Renegen
So what point are you exactly trying to bring?
That you're a simpleton who doesn't know what he's talking about.
It was a resounding success, I might add.
Renegen on 22/8/2006 at 22:01
Well goodbye then.
thefonz on 22/8/2006 at 22:06
I'm thinking of buying a house or flat in Wimbledon or Putney next january.
House buying is FUN methinks...
Rug Burn Junky on 22/8/2006 at 22:44
Quote Posted by Renegen
Well goodbye then.
If only this were any more accurate than any of your other posts.
Alas, I'm resigned to the fact that you're not leaving us. Why must you tease us so?
Scots Taffer on 22/8/2006 at 23:40
Quote Posted by Renegen
So what point are you exactly trying to bring? Taffer said himself that sellers would have a harder time selling at the same price with higher interest rates, I showed that 'we' both agreed the higher rates wasn't good for sellers.
RBJ's argument, if I understand it correctly, is that the potential for profit maximisation in a new property outweighs potential loss/slow-down of current equity, therefore it is not always a bad time to sell - especially if market effects are amenable to the potential for profit maximisation.
I'm not sure how MBS figures into that discussion except I'm assuming that the investment potential involved can be applied to the point in hand, I'm afraid it's much too early to deconstruct all the financialese in that link!
