Berkeley CSUA MOTD:Entry 40988
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2025/07/14 [General] UID:1000 Activity:popular
7/14    

2005/12/13-15 [Reference/RealEstate] UID:40988 Activity:low
12/13   For an average priced house in the Bay Area paid with 20% down,
        how much more monthly payments is it per quarter point hike in
        the interest rate? I did a quick preliminary check on yahoo's
        mortgage calculator and it's only about $50/month/quarter point.
        That's not a lot.
        \_ Think about how excited you'd be to save $50/month on, say, your
           gas/power bill.
           \_ and that's just for a quarter point (0.25%)
              \_ The op's point is that even with 1 point increase, or
                 $200/month extra, it's not really going to affect people.
                 Heck, in the Bay Area I pay $80 for gardeners, +$200 for
                 premium cable/phone/DSL, $105 for Cingular family plan,
                 $500 eating out, and another $500 for movies, skiing,
                 road trip, gas, whatever. How is $200 extra/month going to
                 affect the economy where I'm at?
                 \_ Not everything is about you and your ilk.  Are you
                    stupid or just dumb?
                 \_ Let's say rates go up to 8%. That's $400/month and
                    there goes your eating out or your car payment or
                    whatever. Even if it's $100/month it will "affect
                    people".
                 \_ Do you own an average house?
                 \_ Are you one of those contributing to the negative
                    savings rate of the nation?
2025/07/14 [General] UID:1000 Activity:popular
7/14    

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