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Comments:
<0> god daym
<1> and alot even include closing costs
<1> in the loan
<0> what about those that put a down payment
<1> one of my customers put down about 40%
<1> if i remember right
<1> that was on a $385,000 townhome
<0> yeah see someone made a good point to me
<1> 3 bedroom, 2.5 bath
<0> typical house is like 400k in nj
<0> probably more
<1> around there
<1> but
<0> so i mean whats the typical downpayment historically?
<0> like 1/4 ?
<1> i can still get you in places for less than $200,000
<0> 1/4 dp = $100,000
<2> haha in cali you need that 200 just to get a house
<1> depends on what type of home they're buying
<2> for down payment + closing
<1> iter: i'm talking about $200,000 for a half a duplex
<1> not a "home"
<0> thast funny
<0> a decent home went for 200,000 about 10 yrs ago
<0> a brand new one
<1> yea
<1> 97-99 was the best time to buy
<0> 2000+ sqft
<0> people were pretty desperate in 2000
<0> we used to get phone calls with offers when we werent listed
<3> so would be see 200k homes in the future? probably not as we wouldn;t see $2 gas either .. blah
<4> .q XTR.TO
<5> XTR.TO (iunits incm trs s) last: 15.04 -0.25 -1.66% (Vol: 90092) Daily Range: (15.02-15.23) Yearly Range: (14.60 - 16.24)
<0> 2001 i mean
<3> with all those freaking prices of everything rising and salaries aren;t how is it all working?
<1> salaries ARE rising
<3> but not fast enough to compensate
<1> above inflation the past few months
<1> yes
<3> yes, above inflation but still not enough
<0> its called home equity
<1> by definition if it's above inflation
<0> people buying hummers on a 3rd mortgage
<1> it's enough to compensate
<3> home equity=new SUV
<1> the refinance boom is over
<3> nobody is saving, so i still don't get it
<1> has been since fixed went above 6.25%
<1> people in here are saving
<1> just not as fast as others are borrowing it
<3> so what is that going to lead to
<0> i think dex6 means the rate
<0> savings rate is going down
<0> went negative at one point
<1> dex6: i'm not worried about it
<3> i mean ppl savings
<1> as long as i'm saving money
<0> rate is a flow
<1> what'd i care
<1> whateveryone else is doing
<0> i want people to continue buying houses
<0> so i can get better prices for rent
<0> BUY BUY BUY
<1> people buy primary residences because of life events
<3> yeah, but what everyone is doing is inflating the market and my savings now are worth ****. the money i had saved would have given me 30% downpayment, and not barely 10
<1> why do you want more than 10% down?
<1> don't you want the interest deduction?
<1> i'm a 1099 guy, i want my gross adjusted income to be as low as possible
<1> which is why i'll buy a home nex tyear
<3> my point is that saving is good, but the money mean less
<3> as i seem like can;t buy much with my savings
<3> as i could have 2 years ago
<1> than buy TIPS
<0> you know wha though
<3> TIPS?
<0> if we bought the homebuilder stock instead of the home
<0> could've bought 10 of these houses
<1> treasury inflation protected securities
<3> i'll check those, don;t know anything about them
<1> .q tip
<5> TIP (ishares lehman ti) last: 99.85 -0.0399 -0.04% (Vol: 163000) Daily Range: (99.85-100.20) Yearly Range: (98.62 - 107.90)
<1> there
<1> tip etf
<0> they're just bonds that adjust for inflation
<1> yes
<3> what;s the benefit in those
<6> .q adbl hom msft ctrn iag pgpm.pk
<5> ADBL (audible inc new) last: 9.70 -0.01 -0.10% (Vol: 320391) Daily Range: (9.61-9.77) Yearly Range: (9.03 - 20.08)
<5> HOM (home solutions of) last: 11.96 -1.24 -10.37% (Vol: 3818700) Daily Range: (11.88-13.20) Yearly Range: (1.06 - 14.14)
<5> MSFT (microsoft cp) last: 23.50 +0.71 3.02% (Vol: 107375496) Daily Range: (22.98-23.54) Yearly Range: (22.45 - 28.38)
<5> CTRN (citi trends, inc.) last: 45.24 -2.82 -6.23% (Vol: 323575) Daily Range: (44.45-47.82) Yearly Range: (14.99 - 57.85)
<5> IAG (iamgold corporati) last: 9.25 +0.12 1.30% (Vol: 482200) Daily Range: (8.93-9.29) Yearly Range: (6.28 - 10.60)
<5> PGPM.PK (pilgrim petroleum) last: 0.12 0.00 0.00% (Vol: 1779743) Daily Range: (0.11-0.12) Yearly Range: (0.019 - 0.17)
<1> they're inflation protected
<3> may be aside from the meaning of tips :) which seams selfexplanatory
<1> they give you a guaranteed return + the rate of inflation
<3> i see
<3> ok
<3> so I'm still stuck at the 401k, i got the 20% for company stock, but the rest is a mess
<3> what should i look for in those funds when i choose them
<1> VALUE
<1> put the other 80% in value funds
<3> return value for 1, 5, or 10 y ?
<4> .asia
<7> Asia: (^SSEA 1649.40 -1.31%) (^HSI 15723.40 -0.63%) (^N225 15675.94 -1.48%) (^STI 2401.72 -1.45%) (^TWII 6868.45 -0.12%) (^KS11 1307.8 -1.96%) (^KLSE 927.86 unch) (^BSESN 10573.15 unch)
<1> no
<4> .europe
<7> Europe: (^FCHI 4870.02 -1.26%) (^GDAXI 5587.23 -1.63%) (^FTSE 5587.10 -1.64%) (^SMSI 1199.23 -1.05%) (^SXAXPI 0.00 unch) (^MIBTEL 27278.000 -0.84%)
<4> .us
<7> US/Canada: (^DJI 11117.32 +0.17%) (^IXIC 2169.17 +0.48%) (^SPX 1258.57 +0.16%) (^RUT 711.27 -0.00%) (^GSPTSE 11423.91 -1.02%) (^SPCDNX 2734.47 -3.31%)
<1> value as in undervalued stocks
<4> .australia
<7> Australia: (^AXJO 4994.900 -0.86%) (^AORD 4955.500 -0.80%) (^NZ50 3592.132 -0.74%)
<1> things like budweiser
<1> wal-mart
<3> i don;t have options to go outside of the offering
<4> budweiser ****s
<1> sears holdings corp
<4> department stores are so 20th century ;)
<1> joe
<1> .q joe
<5> JOE (st joe co (the)) last: 48.10 -1.15 -2.39% (Vol: 1989200) Daily Range: (47.04-49.50) Yearly Range: (47.04 - 85.25)
<4> 85? wtf?
<6> .q luk
<5> LUK (leucadia natl cp) last: 62.75 +0.42 0.67% (Vol: 655800) Daily Range: (61.75-63.00) Yearly Range: (36.91 - 63.52)
<4> did that split?
<4> or is just that ****ty?
<3> so is msft a buy?
<4> .q MSFT
<1> it's a real estate operating company
<5> MSFT (microsoft cp) last: 23.50 +0.71 3.02% (Vol: 107375496) Daily Range: (22.98-23.54) Yearly Range: (22.45 - 28.38)
<1> microsoft is a buy
<1> JOE owns 1.2% of all of the land
<1> in florida
<1> mostly in the gulf coast of the state
<3> yeah he was on cavuto once. it must be nice to own FL
<3> :)
<1> yea
<0> according to al gore there wont be a gulf coast in 20 yrs
<1> al gore is a wacko
<3> so let's get on a jet and emigrate to the moon
<3> heehe
<3> with the rate of earth and atmosphere abuse, i wonder if it'd last another 200 years
<3> is the nuclear dump in NV ready yet?
<8> haha did you see the south park episode with al gore?
<0> i dont think so
<0> hong kong has 7 million people
<0> but they bet $10 billion on horse races
<3> how can we dump that stuff in NV, a few hundred miles of the richest and most visited city?
<3> i don;t get it
<3> that sure sounds tourism friendly
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