Planning on moving to california.. san diego seems pretty great (car registration, buying)

[earlyretirement]

Shelby. Absolutely your situation is much different than many people. I totally agree people have to really take a good and honest assessment of their personal situation. People that are retired, empty nesters, people that can work from home, people that don't need to commute have a LOT more flexibility.

People that can head downtown (or anywhere for that matter) in off peak times have a totally different lifestyle. As you mentioned, if you had to commute every morning you probably wouldn't. (I wouldn't either).

I'm sure your appraisal will come in much higher even though it's only been a year. Boy, the interest rates are so low now. My friend refinanced last year but he is about ready to again already.

[ShelbyGirl1]

Originally Posted by earlyretirement

Shelby. Absolutely your situation is much different than many people. I totally agree people have to really take a good and honest assessment of their personal situation. People that are retired, empty nesters, people that can work from home, people that don't need to commute have a LOT more flexibility.

People that can head downtown (or anywhere for that matter) in off peak times have a totally different lifestyle. As you mentioned, if you had to commute every morning you probably wouldn't. (I wouldn't either).

I'm sure your appraisal will come in much higher even though it's only been a year. Boy, the interest rates are so low now. My friend refinanced last year but he is about ready to again already.

With lower rate, and no points, no NOTHING, we'd be fools not to! Costing us the cost of the Appraisal, which we'll make up in 2 months time.

[earlyretirement]

Originally Posted by ShelbyGirl1

With lower rate, and no points, no NOTHING, we'd be fools not to! Costing us the cost of the Appraisal, which we'll make up in 2 months time.

Yep. It doesn't make sense not to. I've even heard of some that claim to pay for the cost of the appraisal as well. I haven't seen the actual paperwork myself but that's what one of my buddies claim. Good for you.

I actually can't wait for rates to go back up. For savers like me, we're getting KILLED in this low/no interest rate environment. I'm longing for the days of guaranteed 6%+ CDs. Those were the days!

[ShelbyGirl1]

Originally Posted by earlyretirement

Yep. It doesn't make sense not to. I've even heard of some that claim to pay for the cost of the appraisal as well. I haven't seen the actual paperwork myself but that's what one of my buddies claim. Good for you.

I actually can't wait for rates to go back up. For savers like me, we're getting KILLED in this low/no interest rate environment. I'm longing for the days of guaranteed 6%+ CDs. Those were the days!

Showing my age here....6 3/4% use to be paid on Passbook Savings Accts! We even remember a CD paying 18%! I know....that was just after the lightbulb was invented and I walked 10 miles in snow to school

[Cardiff Kook]

Originally Posted by earlyretirement

Yep. It doesn't make sense not to. I've even heard of some that claim to pay for the cost of the appraisal as well. I haven't seen the actual paperwork myself but that's what one of my buddies claim. Good for you.

I actually can't wait for rates to go back up. For savers like me, we're getting KILLED in this low/no interest rate environment. I'm longing for the days of guaranteed 6%+ CDs. Those were the days!

I am a saver as well but this is a easy comment to make once you have already bought your house at 3%

[futbol]

Originally Posted by ShelbyGirl1

Showing my age here....6 3/4% use to be paid on Passbook Savings Accts! We even remember a CD paying 18%! I know....that was just after the lightbulb was invented and I walked 10 miles in snow to school

That was in the '70's. I was a kid and my dad told me that we could all pool our money together and make double digit interest. What a great thing, I thought.

Unfortunately, when interest rates are that high, inflation is usually higher... and unemployment, etc.

I'm ok with making next to nothing in my savings account if the economy stays on its feet.

[ShelbyGirl1]

Originally Posted by futbol

That was in the '70's. I was a kid and my dad told me that we could all pool our money together and make double digit interest. What a great thing, I thought.

Unfortunately, when interest rates are that high, inflation is usually higher... and unemployment, etc.

I'm ok with making next to nothing in my savings account if the economy stays on its feet.

Yup...I was in High School, working at a Savings & Loan!

[shmoov_groovzsd]

Originally Posted by earlyretirement

Yep. It doesn't make sense not to. I've even heard of some that claim to pay for the cost of the appraisal as well. I haven't seen the actual paperwork myself but that's what one of my buddies claim. Good for you.

I actually can't wait for rates to go back up. For savers like me, we're getting KILLED in this low/no interest rate environment. I'm longing for the days of guaranteed 6%+ CDs. Those were the days!

Taking advantage of a re-fi is a no brainer these days so thats awesome if its not a lot of money out of pocket Shelby.

We are savers too. But IMHO, this whole decade has been awash. Cash is like Monopoly money anymore and seems more like Hasbro is printing the stuff rather than the Fed.

Stock portfolio has been an insane performer since the meltdown. I just dont see interest rates going anywhere when we are the status quo for the rest of the world. Some monumental stuff would have to happen globally to make that kind of impact in the foreseeable future.

[earlyretirement]

Yep Shmoov. Unfortunately we're stuck in a low interest environment for a while.

This has been murder on retirees that are forced into other more volatile and risky investments and sectors.

[tonyinsd]

Yes, seven percent used to be what a savings account paid.

When inflation was 10-12 percent.

You're actually better off now getting, well, zero percent when inflation is at two percent than you were when you were getting seven percent with inflation at 10 percent.