About Tim Aurora

Tim Aurora

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Registered Apr 04, 2011

Tim Aurora's most recent comments:

  • On Fri, 8 Jan 2016, 8:33am PST in Ten Reasons It's A Terrible Time To Buy An Expensive House, Tim Aurora said:

    Tough says

    Here are the numbers: Watch what happens to payment when rates rise and home prices dips.

    Bought today 1/6/16 $280,000 Purchase @ 4% 30year Payment= $1419.00

    Bought 8/6/16 $260,000 Purchase @ 5% 30year Payment= $1396.00

    Bought 4/7/17 $230,000 Purchase @ 6% 30year Payment= $1379.00

    Bought 9/7/17 $199,000 Purchase @ 7% 30year Payment= $1324.00

    The difference is $56,000 Down vs. $39,800 Down. Interest Rates will not effect your affordability.

    This assumes that interest rate will effect the price inversely ( which may be correct) to totally mitigate the rise in interest rate ( not true)

  • On Fri, 18 Dec 2015, 7:34am PST in Should we get rid of private housing?, Tim Aurora said:

    Flew in from Miami Beach, BOAC
    Didn't get to bed last night
    On the way the paper bag was on my knee
    Man, I had a dreadful flight

    I'm back in the USSR
    You don't know how lucky you are, boy
    Back in the USSR

    Been away so long I hardly knew the place
    Gee, it's good to be back home
    Leave it till tomorrow to unpack my case
    Honey, disconnect the phone

    I'm back in the USSR
    You don't know how lucky you are, boy
    Back in the US, back in the US
    Back in the USSR

    Well the Ukraine girls really knock me out
    They leave the West behind
    And Moscow girls make me sing and shout
    That Georgia's always on m-m-my mind
    Oh, come on

    I'm back in the USSR
    You don't know how lucky you are, boys
    Back in the USSR

  • On Thu, 5 Nov 2015, 12:54pm PST in New Car Sales Are at Record Highs But New Home Sales Near Record Lows, Tim Aurora said:

    That is crazy comparison and is non -starter for the following reasons

    * Real is going to look depressed against either gold, cars, dollars , Yuan, Rupee or maybe Bitcoin. You can always cherry pick something to make Real Estate long
    * Real Estate is also cyclical as it depends on Summer School year.
    * Cars can become better and cheaper because of technology. There is almost no new technology right now that makes real estate cheaper and better.
    * One is a appreciating commodity the other depreciating .
    * Sales depend on many factors such as price availability and alternatives. But I am not sure what are you implying

    I am not sure what that purpose of the chart is but it is worse than useless at it tries to compare apples to oranges and declares one as the winner because it is more red than the other.

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