I did a 5 yr arm when I bought my house. It is a good plan for people buying starter homes and have plans of moving soon to upgrade. I know within two years or so I will want/need a bigger house once I start a family…so in my case it was smart to do and I saved a ton of $$ doing so.
Sadly I agree. The last one got his head blown off.
51% to 48% is not that big of a gap. Had you and others like you gone the other way, Kerry/Edwards could be in control right now. (prob Edwards more so lol)
I dunno about that, we need to check ourselves first.
This is implied.
OMG, the market fell one day, sell everything…then the next day what happens… :LOL:
By Neil Irwin and Frank Ahrens
Washington Post Staff Writers
Thursday, January 24, 2008; Page A01
The stock market soared yesterday afternoon, capping a remarkably volatile day, as new efforts by key players in the U.S. financial system aim to raise enough cash to guard against some of the fallout of the credit crisis.
The Dow Jones industrial average was down 326 points at lunchtime, then finished the day up 299 points, a 5.4 percent swing. For the day, the Dow rose 2.5 percent.
Analysts attributed the turnabout to news that regulators are persuading banks to plow money into bond insurance companies, a crucial and troubled part of the world financial infrastructure. Bank of America said it will raise $6 billion, which would help it continue lending even after massive losses from loans tied to mortgages.
- The cause of all the recent inflation can be traced down to one source: OIL PRICES
- The whole “collapse of the subprime market thing” was Congress’s fault from the beginning.
- The tremendous national debt is Bush’s doing for the most part, spending our money like a drunken sailor.
However, you forgot the main reason for the recent crashing:
Investors are so fucking afraid of a Democratic takeover of Congress & The Presidency because of the devistation that would be done to our economy, that they are getting out of the market in droves causing a gigantic sell-down.
This whole mess can be summed up in one statement:
We currently have NO leadership whatsoever in this country and none on the horizon…:crying:
You make some decent points but this one is a major overstatement. I think printing money out of thin air might be a pretty important contributor.
yeah i think the price has to do with both the falling value of the dollar and the “actual” cost going up.
Right, but my point was this…
While you were supporting Kerry, and I was supporting Bush, we were ignoring other possibilities.
And while we’re here, let’s compare Bush and Kerry…
Yale grads…check
Skull and bones members…check
From wealthy and influential families…check
They weren’t really all that different, but all this Dem/Repub, Liberal/Conservative nonsense had us fighting amongst ourselves over which one was better.
When we all look past the labels and the polls, it’s easy to see the truth. It seems that Americans prefer the media induced alternate reality to the truth.
& look where you helped get us…thanks:ugh:
hind sight is always 20/20
Market finished strong yesterday and is still climbing today…back up to 12,300 now.
we’re in the process of restructuring ours from a 30 year loan to just a 15 year because of the dropping rates this week…
going from a 6.375% 30 year to a 5.1% 15 year!
going to save a shitload over the 30 year
awesome…if you can afford the higher payment you will save a ton in the long run.
it’s only $90 a month over what our current mortgage is to drop 15 years.
WOW…very nice, you will def. make out!
we are re-doing ours in the next few weeks.
humm…I am @ like 4.5 now with a 5yr ARM. Don’t plan on moving for another couple of years…so I bet by the time I move rates will be back up by then.
I’m so glad I dont have any money invested in this shitstorm. and 
@ everyone citing this bounceback. it’s not natural. the market is being manipulated. When weak markets get propped up by governments, you start to build a bubble. Eventually, that bubble will burst. The Fed slapped a band-aid on the hole in the bubble, but that just means its gonna get bigger. it will still eventually burst. When it does, you better watch the fuck out.
def. a short term stimulus…i think they are trying to hold on for 11 more months so they can dump the problem on the next administration.
it certainly seems that way. of course, they’re only making it much worse in the long run. It’s like a heroin addiction… Ohhhh yeeeahhhhhh Fed… yeah gimme another hit of that sweet black tar interest rate cuts… C’mon… just one more cut.
Of course, you will eventually hit rock bottom, and quitting that shit cold turkey is going to be a real bitch.
I doubt it will last 11 months, but time will tell.
Listen, you let those of us with interesting and fact-based thoughts discuss and you go back to hanging drywall.
kthxbye
I agree with you, but our economy is so influential to the world and to many growing economies (i.e. China) they will continue to lend us money to stimulate our bubbled/borrowed economy. Hopefully, whoever is elected next as president will be much more fiscally conservative and by pulling troops out of Iraq, it will end up saving us not only lives, but money also.