----- Original Message ----- From: "Pete Theisen" <[EMAIL PROTECTED]> To: "ProFox Email List" <profox@leafe.com> Sent: Wednesday, December 03, 2008 5:11 PM Subject: Re: [OT] How to determine if a market has hit THE bottom.
> Nicholas Geti wrote: > >> I have never seen an interest rate for borrowing tied to inflation. >> They are always fixed rates. > > Hi Nicholas! > > Seems to me that the so-called "adjustable-rate" mortgages are > indirectly tied to inflation. > -- > Regards, > > Pete > http://pete-theisen.com/ Not inflation but other indicies at the lenders choosing. http://en.wikipedia.org/wiki/Adjustable_rate_mortgage They did not exist when I bought my house 40 years ago. As an aside, I paid $44,500 for my house at that time. Last year it was evaluated at $650,000. I paid $257.00 per month fixed interest rate until the mortgage was paid off. So you can see what inflation has done to house prices. My income never grew at that same rate, however. Also I have spent an enormous amount maintaining my house and upgrading it. I do not consider it an investment; only a drain on my time and income. I am pretty sure that the house has been a net loss. _______________________________________________ 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.
