Econ the Fed raised the interest rate...
- Thread starter Shemp
- Start date
They don't want to go to negative rates...even though that is really what the market dictates. We are far from a recovery...but they dropped rates too fast and left them too low too long
Whelp bought a house anyway. Locked that shit down as low as I could. Just signed over the next 30 of my life.
Meh indeed....but the reason Yellen gave is telling...it was a defensive raise so that they have the ability to drop it to zero again in case of another (looming) economic downturn...
Whelp bought a house anyway. Locked that shit down as low as I could. Just signed over the next 30 of my life.
Just did the same thing- locked the rate in today and we'll hopefully be closing by the end of January. Dumping this 120 year old POS that I can't use enough 4 letter words to describe and moving into a nice modern all brick house. I can't wait.
H
Hoss
Guest
I hope you both found a way to get out of suburbia and bought some land where you can actually live like you're supposed to. 
This is what I am wanting in life. The wife on the other hand, thinking I might just leave her here.I hope you both found a way to get out of suburbia and bought some land where you can actually live like you're supposed to.
Nope.. Just waiting to enter Valhalla to really kick it.I hope you both found a way to get out of suburbia and bought some land where you can actually live like you're supposed to.
I hope you both found a way to get out of suburbia and bought some land where you can actually live like you're supposed to.
Just shy of 4 acres- I'd looked at houses with up to 10 acres, but frankly the houses weren't that nice and were pretty over priced- which is why they were still on the market. The one we have a contract on is a nice house on a reasonable piece of land. And it's not a (hell of a) long commute for either of us.
i really wish the fed would just fuck off entirely
bastards have been killing small investors for the sake of large firms and gov
ftfyI hope you both found a way to get out of suburbia and rent some land where you can actually live like you're supposed to.
if you pay yearly taxes on it, then you dont own it
Meh, refinanced ours for 10 years earlier this year. Paying this thing off and saving until we can pay cash for a place once we decide to move. So much money thrown away from finance charges in a 15-30 mortgage. 1/4 point makes a huge difference on that long if a term.
same.Whelp bought a house anyway. Locked that shit down as low as I could. Just signed over the next 30 of my life.
closed this month.
whaaaaatever