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I wanted to purchase a property here in a month or so but now the entire paradigm of home equity is being transformed before our eyes. I suspect it's part of the grand plan to change that paradigm, and that's alright, but what does it mean to us common folks?
Should I wait until they're paying ME to buy a house? Though I'm pretty good at managing my own money, I'm not experienced or knowledgeable of Economic strategies. Is this good or bad and how.
If this thread needs to be shifted to the Econ thread, you can move it, but I'd prefer to get answers from those involved as buyer or seller of real estate.
Last edited by settled00; 09-20-2019 at 12:30 AM..
Reason: they don't let you edit the title so I appended it.
I wanted to purchase a property here in a month or so but now the entire paradigm of home equity is being transformed before our eyes. I suspect it's part of the grand plan to change that paradigm, and that's alright, but what does it mean to us common folks?
Should I wait until they're paying ME to buy a house? Though I'm pretty good at managing my own money, I'm not experienced or knowledgeable of Economic strategies. Is this good or bad and how.
If this thread needs to be shifted to the Econ thread, you can move it, but I'd prefer to get answers from those involved as buyer or seller of real estate.
If the US goes a negative rate situation, buying a house is the least of the concerns. To answer your question, you won’t see a negative rate on any loan.
I wanted to purchase a property here in a month or so but now the entire paradigm of home equity is being transformed before our eyes. I suspect it's part of the grand plan to change that paradigm, and that's alright, but what does it mean to us common folks?
Should I wait until they're paying ME to buy a house? Though I'm pretty good at managing my own money, I'm not experienced or knowledgeable of Economic strategies. Is this good or bad and how.
If this thread needs to be shifted to the Econ thread, you can move it, but I'd prefer to get answers from those involved as buyer or seller of real estate.
Rates won't go to zero or negative.
Fed Rates are about 2.5% and mortgage rates can be had for 3.5 or under.
Rates have nothing to do with equity per say. If rates go down lower it should encourage more people to buy but that may raise prices or equity in a home.
No one is paying you to buy a house, that won't happen in the US.
Something funny I did read was that if rates did go negative banks might charge you to hold your money.
I wanted to purchase a property here in a month or so but now the entire paradigm of home equity is being transformed before our eyes. I suspect it's part of the grand plan to change that paradigm, and that's alright, but what does it mean to us common folks?
Should I wait until they're paying ME to buy a house? Though I'm pretty good at managing my own money, I'm not experienced or knowledgeable of Economic strategies. Is this good or bad and how.
If this thread needs to be shifted to the Econ thread, you can move it, but I'd prefer to get answers from those involved as buyer or seller of real estate.
Gonna wait a long time. Even a negative Fed rate doesn't mean negative mortgage rates. Even a negative mortgage rate wouldn't mean they are paying you. You'd still be paying closing costs and mortgage insurance unless you put 20% down.
Your income is probably also going to be higher in a 2% interest rate environment than a negative interest rate environment. Example being the zero interest rate car loans of the great recession.
Should I wait until they're paying ME to buy a house?
Could happen. Banks are already paying me to use their credit cards. I get cash rewards on everything I buy and I pay the bill in full every month so they never make a nickel in interest off me.
Oh, I know it's not much money, but it amuses me and I'm sitting on a couple of hundred in cash rewards right now.
I wanted to purchase a property here in a month or so but now the entire paradigm of home equity is being transformed before our eyes. I suspect it's part of the grand plan to change that paradigm, and that's alright, but what does it mean to us common folks?
Should I wait until they're paying ME to buy a house? Though I'm pretty good at managing my own money, I'm not experienced or knowledgeable of Economic strategies. Is this good or bad and how.
If this thread needs to be shifted to the Econ thread, you can move it, but I'd prefer to get answers from those involved as buyer or seller of real estate.
Mortgage fees will be greater than negative interest. So net will not be negative.
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