09-17-2008, 02:36 PM | #1 |
Demiurge
Join Date: Aug 2005
Posts: 36,367
|
the mortage mess is really the housing price mess
How did we get to the point where cities have median prices near a half-million dollars for homes?
Did we think this was sustainable? (yes) Crazy, crazy, crazy. |
09-17-2008, 02:56 PM | #2 |
Senior Member
Join Date: Jan 2006
Location: Between Iraq and a hard place
Posts: 7,569
|
Some very crude numbers how much additional home you could get for the same price, but at a lower interest rate.
Code:
Int Rate $2000/mth P&I % Increase 8% $274,384.10 0.00% 7% $302,368.72 10.20% 6% $335,251.14 22.18% 5% $374,115.58 36.35% 4% $420,318.89 53.19% Last edited by Indy Coug; 09-17-2008 at 02:59 PM. |
09-17-2008, 03:00 PM | #3 |
Demiurge
Join Date: Aug 2005
Posts: 36,367
|
your further display or moronic-ness is entertaining.
I see you dancing in the streets with a parasol within two years. |
09-17-2008, 04:02 PM | #4 | |
Senior Member
Join Date: Jan 2006
Location: Between Iraq and a hard place
Posts: 7,569
|
Quote:
I didn't claim this was the only reason. |
|
Bookmarks |
|
|