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Link Posted: 9/25/2019 4:37:33 PM EDT
[#1]
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Quoted:

I'm nervous about the next one.
We will prevail in the traditional battlefield but I believe the battlefield will be extended to our home front in the next war to include our computer systems. Banks, utility grids, etc etc
Soft targets that can be attacked from a world away and take down a lot of what we are fighting for.
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Yep. Take that to the bank. I wouldn't be surprised to see a nuclear power plant taken over and blown up, too.
Link Posted: 9/27/2019 7:13:37 AM EDT
[#2]
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How dare you question the strength of our diversity
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Blame Trump for lowered interest rates and cheap money.

Study Japan and the Japanese reaction.  It's one reason why the Japanese have bought a lot of home safes and gold.
Japan is a good study....they basically had the same thing we had in the 90s instead of the 2000s.

We are just 10-20 years behind them....there are a tremendous amount a parallels to be drawn
@midcap
Do our differences matter?
Immigration.
Culture of accepting wide amounts of diversity including destructive behavior.
Others?
How dare you question the strength of our diversity
Right, thanks for the correction.  We hired and now must train and promote a few staff that engage in destructive behavior in their professional and personal lives.
Link Posted: 9/27/2019 10:31:46 AM EDT
[#3]
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It better be income producing (rent, farm, water rights or huge tax writeoff).  Otherwise it's a drain on your financial capital.
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For a dumb person who wants to buy some land, what's the consensus?
It better be income producing (rent, farm, water rights or huge tax writeoff).  Otherwise it's a drain on your financial capital.
This was my conclusion.  And I couldn't come up with a good plan to get the 60 acres adjacent to me to pay for itself several years back.  Another guy bought it and farms medical mj instead.
Link Posted: 9/28/2019 3:13:16 AM EDT
[#4]
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You sir, understand the "Lemons and Lemonade" axiom....

CMOS  
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This is good for me. Since wife decided to divorce me and is leaving, I need to refinance my house in my name to remove her. A lower interest rate on a conventional loan will be beneficial to me in the long run.
You sir, understand the "Lemons and Lemonade" axiom....

CMOS  
Link Posted: 10/13/2019 4:12:19 PM EDT
[#5]
Link Posted: 10/13/2019 4:17:01 PM EDT
[#6]
Link Posted: 10/13/2019 4:26:49 PM EDT
[#7]
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I gotta' buy another house.

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Concur.  When the bubbles burst, sh*t will be cheap for those with liquidity.  It's an opportunity to build generational wealth.
Link Posted: 10/13/2019 4:41:13 PM EDT
[#8]
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Concur.  When the bubbles burst, sh*t will be cheap for those with liquidity.  It's an opportunity to build generational wealth.
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I gotta' buy another house.

Concur.  When the bubbles burst, sh*t will be cheap for those with liquidity.  It's an opportunity to build generational wealth.
There’s no bubble when people are buying and demand is high. Supply/demand as always, dictates price. Wages are rising bigly and consumer confidence is high...means more buying.

If inflations gets out of control then demand drops. The fed is doing this to keep inflation in check in trumps record setting economy.

That’s also the problem with keeping cash, it’s worth less every day.  Another reason market is so hot...no other place to beat inflation
Link Posted: 10/13/2019 4:44:23 PM EDT
[#9]
Currently refinancing to a 3.25% 25yr VA loan from a 4.5% 25yr VA loan.

Loving the soon to be disgustingly low monthly mortgage payment.
Link Posted: 10/13/2019 4:52:31 PM EDT
[#10]
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Currently refinancing to a 3.25% 25yr VA loan from a 4.5% 25yr VA loan.

Loving the soon to be disgustingly low monthly mortgage payment.
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I'm hoping I can pull a 2.875 15 year.  Just submitting the application now.
Link Posted: 10/13/2019 5:04:02 PM EDT
[#11]
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I'm hoping I can pull a 2.875 15 year.  Just submitting the application now.
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Currently refinancing to a 3.25% 25yr VA loan from a 4.5% 25yr VA loan.

Loving the soon to be disgustingly low monthly mortgage payment.
I'm hoping I can pull a 2.875 15 year.  Just submitting the application now.
Through VA?

I am at 2.98% IIRC, 30 fixed year.

If 15 year get down to 2%... I'll jump at it.

But right now, its not worth it.
Link Posted: 10/13/2019 5:08:18 PM EDT
[#12]
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Through VA?

I am at 2.98% IIRC, 30 fixed year.

If 15 year get down to 2%... I'll jump at it.

But right now, its not worth it.
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Currently refinancing to a 3.25% 25yr VA loan from a 4.5% 25yr VA loan.

Loving the soon to be disgustingly low monthly mortgage payment.
I'm hoping I can pull a 2.875 15 year.  Just submitting the application now.
Through VA?

I am at 2.98% IIRC, 30 fixed year.

If 15 year get down to 2%... I'll jump at it.

But right now, its not worth it.
30 year at essentially rate of inflation?  Yeah... you hold onto that and don’t touch it.
Link Posted: 10/13/2019 5:32:01 PM EDT
[#13]
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Through VA?

I am at 2.98% IIRC, 30 fixed year.

If 15 year get down to 2%... I'll jump at it.

But right now, its not worth it.
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Currently refinancing to a 3.25% 25yr VA loan from a 4.5% 25yr VA loan.

Loving the soon to be disgustingly low monthly mortgage payment.
I'm hoping I can pull a 2.875 15 year.  Just submitting the application now.
Through VA?

I am at 2.98% IIRC, 30 fixed year.

If 15 year get down to 2%... I'll jump at it.

But right now, its not worth it.
VA, yes.

I don't see rates getting lower than they are now, but who knows.
Link Posted: 10/13/2019 5:33:09 PM EDT
[#14]
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VA, yes.

I don't see rates getting lower than they are now, but who knows.
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Currently refinancing to a 3.25% 25yr VA loan from a 4.5% 25yr VA loan.

Loving the soon to be disgustingly low monthly mortgage payment.
I'm hoping I can pull a 2.875 15 year.  Just submitting the application now.
Through VA?

I am at 2.98% IIRC, 30 fixed year.

If 15 year get down to 2%... I'll jump at it.

But right now, its not worth it.
VA, yes.

I don't see rates getting lower than they are now, but who knows.
Fed Reserve:

"Hold my beer and watch this"

Link Posted: 10/13/2019 5:38:07 PM EDT
[#15]
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Fed Reserve:

"Hold my beer and watch this"

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Currently refinancing to a 3.25% 25yr VA loan from a 4.5% 25yr VA loan.

Loving the soon to be disgustingly low monthly mortgage payment.
I'm hoping I can pull a 2.875 15 year.  Just submitting the application now.
Through VA?

I am at 2.98% IIRC, 30 fixed year.

If 15 year get down to 2%... I'll jump at it.

But right now, its not worth it.
VA, yes.

I don't see rates getting lower than they are now, but who knows.
Fed Reserve:

"Hold my beer and watch this"

You guys know fed rate and mortgage rate aren’t related, right?
Link Posted: 10/13/2019 5:42:28 PM EDT
[#16]
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Quoted:
You guys know fed rate and mortgage rate aren’t related, right?
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Currently refinancing to a 3.25% 25yr VA loan from a 4.5% 25yr VA loan.

Loving the soon to be disgustingly low monthly mortgage payment.
I'm hoping I can pull a 2.875 15 year.  Just submitting the application now.
Through VA?

I am at 2.98% IIRC, 30 fixed year.

If 15 year get down to 2%... I'll jump at it.

But right now, its not worth it.
VA, yes.

I don't see rates getting lower than they are now, but who knows.
Fed Reserve:

"Hold my beer and watch this"

You guys know fed rate and mortgage rate aren’t related, right?
Yes.
Link Posted: 10/13/2019 5:51:34 PM EDT
[#17]
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Quoted:
You guys know fed rate and mortgage rate aren’t related, right?
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Currently refinancing to a 3.25% 25yr VA loan from a 4.5% 25yr VA loan.

Loving the soon to be disgustingly low monthly mortgage payment.
I'm hoping I can pull a 2.875 15 year.  Just submitting the application now.
Through VA?

I am at 2.98% IIRC, 30 fixed year.

If 15 year get down to 2%... I'll jump at it.

But right now, its not worth it.
VA, yes.

I don't see rates getting lower than they are now, but who knows.
Fed Reserve:

"Hold my beer and watch this"

You guys know fed rate and mortgage rate aren’t related, right?
They're not directly connected of course, but they do tend to somewhat correlate.
Link Posted: 10/13/2019 6:11:15 PM EDT
[#18]
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They're not directly connected of course, but they do tend to somewhat correlate.
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Currently refinancing to a 3.25% 25yr VA loan from a 4.5% 25yr VA loan.

Loving the soon to be disgustingly low monthly mortgage payment.
I'm hoping I can pull a 2.875 15 year.  Just submitting the application now.
Through VA?

I am at 2.98% IIRC, 30 fixed year.

If 15 year get down to 2%... I'll jump at it.

But right now, its not worth it.
VA, yes.

I don't see rates getting lower than they are now, but who knows.
Fed Reserve:

"Hold my beer and watch this"

You guys know fed rate and mortgage rate aren’t related, right?
They're not directly connected of course, but they do tend to somewhat correlate.
Cool. Common misconception is fed rate is mortgage rate. They do loosely correlate  but are not directly tied to each other.

Eitherway, money is really cheap right now. The fed is fending off inflation hard. That’s their job. When economy supply/demand is super hot their fear is hyper inflation, that would put the brakes on in a heartbeat.

I was going to pay off my heloc that I use for leverage in the market as it’s based on prime rate (prime plus 50 basis). Not any more.

Money is super cheap right now.
Link Posted: 10/13/2019 7:46:31 PM EDT
[#19]
Link Posted: 10/13/2019 7:55:23 PM EDT
[#20]
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What does this mean?  Are you not taking advantage of cheap money?  I swear you doomers hate money.
Link Posted: 10/13/2019 10:38:40 PM EDT
[#21]
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MMT test run?  
Link Posted: 10/13/2019 10:49:51 PM EDT
[#22]
It's also a good time to have bought bonds and CDs a few years ago.

And yes, it's a good time to borrow large quantities of money, if you have a way to pay it back.
Link Posted: 10/13/2019 11:00:51 PM EDT
[#23]
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MMT test run?  
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Warp speed, Scotty.  What could possibly go wrong?
Link Posted: 10/13/2019 11:03:15 PM EDT
[#24]
Só... it’s a good time to buy a house?

Im trying to save 20% for my first house but if rates are so low then who knows if it’s good to get in now or keep saving 1 more year.

ETA: prices in my area are still booming because of the massive growth caused by hundreds of tech companies setting up shop in Utah.

This has artificially inflated all homes around the Draper-SLC area substantially
Link Posted: 10/15/2019 11:55:32 AM EDT
[#25]
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What does this mean?  Are you not taking advantage of cheap money?  I swear you doomers hate money.
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Who is John Law?
Link Posted: 10/15/2019 12:00:15 PM EDT
[#26]
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Who is John Law?
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what is the national debt?
Link Posted: 10/15/2019 12:05:04 PM EDT
[#27]
Dow up 270 right now.
Link Posted: 10/15/2019 12:20:58 PM EDT
[#28]
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Dow up 270 right now.
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Good.  Perception management is very good.  I need moar time.
Link Posted: 10/15/2019 12:24:04 PM EDT
[#29]
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Dow up 270 right now.
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Getting ready to set new records. Where’s the doomers now?
Link Posted: 10/15/2019 12:52:38 PM EDT
[#30]
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Getting ready to set new records. Where’s the doomers now?
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I think it will too.
Link Posted: 10/15/2019 1:29:28 PM EDT
[#31]
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Not sure if I can beat my 3.7 fixed rate VA loan.
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I was wondering the same. 3.75%. Wonder what the difference needs to be to make it worth it.
D of -0.5%?
Link Posted: 10/15/2019 1:47:13 PM EDT
[#32]
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What does this mean?  Are you not taking advantage of cheap money?  I swear you doomers hate money.
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What does this mean?  Are you not taking advantage of cheap money?  I swear you doomers hate money.
Former Fed chairman said he would throw cash from a helicopter if it would help the economy.
Link Posted: 10/15/2019 2:23:24 PM EDT
[#33]
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I was wondering the same. 3.75%. Wonder what the difference needs to be to make it worth it.
D of -0.5%?
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Not sure if I can beat my 3.7 fixed rate VA loan.
I was wondering the same. 3.75%. Wonder what the difference needs to be to make it worth it.
D of -0.5%?
Recommended between .5 and 1.0%, depending on fees.
Link Posted: 10/15/2019 2:47:07 PM EDT
[#34]
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Former Fed chairman said he would throw cash from a helicopter if it would help the economy.
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What does this mean?  Are you not taking advantage of cheap money?  I swear you doomers hate money.
Former Fed chairman said he would throw cash from a helicopter if it would help the economy.
Thanks.
Link Posted: 10/15/2019 7:30:16 PM EDT
[#35]
Prediction. Tomorrow we break market records. If a trade deal is reached before end of year market up 7% to set 30%+ gains for 2019 to beat the out fucking standing 2017.

The end of year sell offs as people move money for tax purposes will hit November/December. My advisor told me to sell/move at this high to avoid the typical end of year sell off and predictable dip. Done.

I love my president.
Link Posted: 10/15/2019 9:52:14 PM EDT
[#36]
Amazing!  The doom and gloomers have totally abandoned this thread. That’s fine. They’ll be along someday to say they called it and were right.

Clue for you doomers. Everybody else is getting richer by the millions and youre banking on being right on the intarweb.

Bold strategy cotton. Doomers hate money. They hate money so much just to win the internet. I don’t get it. I like money.
Link Posted: 10/27/2019 8:58:49 PM EDT
[#38]
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Fuck yes!  This is awesome!
Link Posted: 10/27/2019 10:16:06 PM EDT
[#39]
Link Posted: 10/28/2019 10:05:57 AM EDT
[#40]
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That should make for some interesting comments at my conference this week.
Link Posted: 10/28/2019 10:18:37 AM EDT
[#41]
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That should make for some interesting comments at my conference this week.
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That should make for some interesting comments at my conference this week.
Go on..
Link Posted: 10/28/2019 10:25:21 AM EDT
[#42]
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Go on..
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That should make for some interesting comments at my conference this week.
Go on..
I’ll have to find some life and pension actuaries to chat with. One event tonight might be beneficial.
Link Posted: 10/30/2019 1:41:19 PM EDT
[#43]
Link Posted: 10/30/2019 2:04:05 PM EDT
[#44]
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Cut!  Hooray!
Link Posted: 10/30/2019 2:11:22 PM EDT
[#45]
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Cut!  Hooray!
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It’s awesome!  Lowers my heloc rate that I’ve been using to leverage record setting market gains.
Link Posted: 10/30/2019 2:29:31 PM EDT
[#46]
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If they would like to keep this going till, say April. That would be great.

That's when we are buying our house.

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Yes, that's when I'm selling.
Link Posted: 10/30/2019 4:57:58 PM EDT
[#48]
So, I am assuming this will effectively lower mortgage rates a little? How long does it generally take for a change in the FED rate, to manifest in mortgage rates?
Link Posted: 10/30/2019 7:10:15 PM EDT
[#49]
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So, I am assuming this will effectively lower mortgage rates a little? How long does it generally take for a change in the FED rate, to manifest in mortgage rates?
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They’re not related.  They are related to adjustable mortgages directly like an ARM or HELOC... it’s super cheap money.
Link Posted: 10/30/2019 10:42:22 PM EDT
[#50]
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Cut!  Hooray!
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The kwikening!
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