Entry 41025 (Berkeley CSUA MOTD)

Berkeley CSUA MOTD:Entry 41025

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2025/07/08 [General] UID:1000 Activity:popular

7/8

2005/12/15-16 [Reference/RealEstate] UID:41025 Activity:kinda low

12/14   http://www.ziprealty.com/buy_a_home/logged_in/national_housing.jsp?src=zn
        This says in the 80s, mortgage interest was 13%. If we have 13%
        today, there'd be a great depression. What the heck happened
        between the 80s and now?
        \_ Nothing happened, the monthly payment just balanced.  BTW, my
           parents rate was 18% on their house in the 80's, it depended on
           other things as well (income, credit, etc).  Fact is, the interest
           rate is meaningless because the monthly payment will always reflect
           the market rate.  If the interest is high, the prices of houses
           will be low (parent's place was $38k), if the rate is low, the
           place will be high ($600k equivalent house now).  Simple economics,
           people will base the price of house on monthly payments, not on
           interest rate or real price of the house.  The key is to get in
           when there is a swing in either one.  BTW, provide the ID & PW to
           the site next time, bugmenot doesn't work on that site.
        \_ Carter got kicked out of office.
           \_ No, Nixon got kicked out of office. Carter lost an election.
              Not the same thing. Ask GHWB.
              \_ If you want to get that anal, Nixon didn't get kicked out
                 of office either, he resigned. Nobody in U.S. presidential
                 history has ever been technically kicked out of office,
                 although Johnson and Clinton did get impeached.

2025/07/08 [General] UID:1000 Activity:popular

7/8

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