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Don't worry Mikal, I will keep everyone on their feet...after all this is a place to discuss housing.
P.S. I liked how you handled Andrew in the mortgage threads.
especially since the real inflation is at least 8-10%
Well, I've been away from Zillow for a bit & by the looks of this provocative thread title, not much has changed. My old friend Alpine was the master at posting provocatively positive sounding thread titles that were linked to overall bad news for the market.
From the title you'd never guess the "dark" quotes like the following gems from the link.
The housing market, in particular, has no quick fix on tap. and was termed the most worrisome element.
"Construction spending and house prices seem likely to continue to decline well into 2009," she said.
I've been enjoying the real bank offered 0% interest on money loaned for almost a year, and expect to be doing so for a while longer. And even their promised rates after the 0% "teaser" are less than what is being offered for mortgage 1sts and HELOC's. (As long as one keeps up with the minimum payments on time).
Now since inflation is well over 8% in the food and energy sectors; if I could just figure out how to store at minimal costs and resale at the inflated costs, with the 0% bank rates I should come out at least 8% ahead?
(Of course in addtion to the storage and re-sale problems, there is also the "credit limit" issue).
leverage
I don't think the 0% interest would apply to purchases of leveraged rice futures or similar; and I don't like the risk factors where the commodities are already over inflated from speculation.
... and, it's free and anonymous
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