California Leads the Way

[REWahoo]

All the latest ideas and leading edge technology seem to originate in California, especially Southern California. The latest innovation, from San Bernadino County: The 50 Year Mortgage.

 

[fire5soon]

My company started marketing interest only 40yr mortgages because people couldn't qualify with the 30yr or even 2yr arm payments anymore. And we even allow people up to 55% debt to income ratios. It's spooky out there... :

-Jay

 

[Nords]

REW, you seem like a pretty financially savvy guy, maybe you can help me with a question:

Should I pay off my 50-year mortgage or should I leave it invested in the stock market?

 

[REWahoo]

Should I pay off my 50-year mortgage or should I leave it invested in the stock market?

Where the h*ll are TH and SG when you need them.

 

[Maximillion]

$CDN is almost $0.90 versus $0.65 a few years ago, Bernake will be forced to make some dramatic hikes in rates to defend the Greenback, House Prices are Inversly Related to Interest Rates..

 

[Jarhead*]

All the latest ideas and leading edge technology seem to originate in California, especially Southern California.  The latest innovation, from San Bernadino County: The 50 Year Mortgage.

True enough.  Whether it's a screwball idea, or
one that makes
sense, you can almost set your watch to a 2 year time-frame on the
time that it takes to "infect" the rest of the country on Calif. originated ideas.

I'm holding out for a 75 year mortgage.

 

[perinova]

I guess my (unborn) grandkids can finish paying off this mortgage.

 

[perinova]

Oh I forgot - And pay for this nice deficit.

 

[LEX]

Can I consider Social Security a form of 75 year mortgage?

 

[bpp]

Super-long-term mortgages were popular in Japan -- just before the bubble burst.
Is that the sound of the bell ringing at the top I hear?

Bpp

 

[cute fuzzy bunny]

Where the h*ll are TH and SG when you need them.

Somewhere between sunning myself on the patio and not giving a ****!

That mortgage arb thing works out great until we hit a long bad patch in the stock market or somebody needs to go back to work. You get to have a much higher withdrawal rate, much higher taxes, and if you do it right, you might need more money and to work longer to achieve a percentage point or two of profit from the loan.

Or you can be batty and retire earlier and on less money, be able to pay the bills with a walmart job if something bad happens, have a lower withdrawal rate and taxes, and have a much less risky or far more risky portfolio than you otherwise would keep...because you really dont need a big monthly cash flow.

There...will that hold you for a while?

 

[REWahoo]

There...will that hold you for a while?

Works for me...and the folks with 50 year mortgages have plenty of time to do an analysis and figure out what's best.

 

[free4now]

It's kinda funny that a fixed 50 year loan is actually much more conservative than the interest only "option" variable rate loans that are rampant in CA these days.