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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Interesting perspective but... Posted by JK (the other JK) on June 19, 2010 at 10:50 AM In Reply to: electric vehicles (evs) posted by hard money lender on June 14, 2010 at 11:46 PM The average family spends $300 - $500 monthly in gas. So now they buy an EV and their electric bill goes up $100 - $200. The difference in savings will be reduced by the fact they need to buy a new car. How is any of this supposed to help them pay their mortgage that used to be $2000 a month and is now $4000 a month? Do you agree that eventually interest rates are going to go back up? A whole boat load of people are BARELY hanging on thanks to low interest rates. What happens when prime goes back to 8%? Sorry but your optimism sounds a whole lot like Greenspan during the mid-2000s when he recommended Americans take out adjustable rate loans. The data is clear that the next round of foreclosures will be UGLY. http://www.istockanalyst.com/article/viewarticle/articleid/3495790 BTW, take a look at my old posts. I'm not a doom and gloomer. I was bullish on the RE market until first quarter 2007. That's when Subprime went away. Here's something else to chew on. The last round of RE mess Cali experienced was from 1990 - 1997 (almost 7 years). This latest round started in 2007 (2006 in San Diego) and we are barely into it 3 years. So why if things are worse this time around would we recover sooner? None of this really matters if you get a good enough deal on a property you are buying or if it cash flows enough, but if you are buying based upon new appreciation coming quickly, it could be a major mistake. Follow Ups: Re: Interesting perspective but... hard money lender 6:15 PM, 06/19/10 (2) Re: Interesting perspective but... JK (the other JK) 9:34 PM, 06/19/10 (1) Re: Interesting perspective but... hard money lender 10:25 PM, 06/19/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : The average family spends $300 - $500 monthly in gas. So now they buy an EV and their electric bill goes up $100 - $200. The difference in savings will be reduced by the fact they need to buy a new car. How is any of this supposed to help them pay their mortgage that used to be $2000 a month and is now $4000 a month? Do you agree that eventually interest rates are going to go back up? A whole boat load of people are BARELY hanging on thanks to low interest rates. What happens when prime goes back to 8%? Sorry but your optimism sounds a whole lot like Greenspan during the mid-2000s when he recommended Americans take out adjustable rate loans. The data is clear that the next round of foreclosures will be UGLY. : http://www.istockanalyst.com/article/viewarticle/articleid/3495790 : BTW, take a look at my old posts. I'm not a doom and gloomer. I was bullish on the RE market until first quarter 2007. That's when Subprime went away. Here's something else to chew on. The last round of RE mess Cali experienced was from 1990 - 1997 (almost 7 years). This latest round started in 2007 (2006 in San Diego) and we are barely into it 3 years. So why if things are worse this time around would we recover sooner? None of this really matters if you get a good enough deal on a property you are buying or if it cash flows enough, but if you are buying based upon new appreciation coming quickly, it could be a major mistake. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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