Our fixed rate loans are today 3% lower than they were 6months ago. Only an idiot would get a fixed rate loan.
-----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Michael Madigan Sent: Thursday, 4 December 2008 2:12 PM To: ProFox Email List Subject: Re: [OT] How to determine if a market has hit THE bottom. Only an idiot would get a variable-rate loan. ************************************************* Barack Obama is not My President http://www.cafepress.com/rightwingmike --- On Wed, 12/3/08, Ricardo Aráoz <[EMAIL PROTECTED]> wrote: > From: Ricardo Aráoz <[EMAIL PROTECTED]> > Subject: Re: [OT] How to determine if a market has hit THE bottom. > To: "ProFox Email List" <profox@leafe.com> > Date: Wednesday, December 3, 2008, 11:11 PM > Nicholas Geti wrote: > >>> And over that same period prices of houses > rose astronomically. > >>> > >>> > >> Ok. So here's my advice for you two lads. > Borrow as much money as you > >> can at whatever interest rate you are asked. If > the interest rate is > >> tied to inflation or to nominal rate then > THAT'S better than static > >> interest. Go ahead! The world will be yours! > >> > >> > >> > > You are doing the same thing as Geoff. Adding > assumptions to the borrowing > > model that started this discussion. I have never seen > an interest rate for > > borrowing tied to inflation. They are always fixed > rates. > > > > Yup, tell that to the poor people that lost their homes to > rising > interest rates! > > > > --- StripMime Report -- processed MIME parts --- > multipart/alternative > text/plain (text body -- kept) > text/html > --- > > _______________________________________________ > Post Messages to: ProFox@leafe.com > Subscription Maintenance: > http://leafe.com/mailman/listinfo/profox > OT-free version of this list: > http://leafe.com/mailman/listinfo/profoxtech > Searchable Archive: http://leafe.com/archives/search/profox > This message: > http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] > ** All postings, unless explicitly stated otherwise, are > the opinions of the author, and do not constitute legal or > medical advice. This statement is added to the messages for > those lawyers who are too stupid to see the obvious. [excessive quoting removed by server] _______________________________________________ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
