Patrick.net

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San Jose, CA
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Ignore REpro
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In United States
Registered Jun 07, 2011

REpro's most recent comments:

• On 16 May 2013 in From Brooklyn to California, Housing Bubble Threat Grows, REpro said:

  E-man says
  

  Borrowing $500k at 7% for 30 years fixed is different with borrowing at 3.5%. If you're a high networth client, you can borrow $1M at 2.2% interest rate at Charles Schwab, or 2.875% at US bank.

  We're no where near a bubble yet.

  Very low interest rate is great for investors and I believe Blackstone and others enjoy even lower. For homeowners can work differently. Low interest allows for higher debt, through lower monthly payment, to pay inflated house price. Works great as long as owner have super stable job (scarcity these days) and don’t see in next 20-30 years in future needs for moving-out. In reality people move more often. Perhaps ten years from now interest rate jump to 8%, what will also represent a higher inflation. House prices can be on pressure with slim wages growth, and then is time for sale. Homeowner may find to have a hard time to sell house for the money he paid for and even so, proceeds be actually lower due to inflation.

• On 16 May 2013 in From Brooklyn to California, Housing Bubble Threat Grows, REpro said:

  Fanny how media can build-up enthusiasm;
  Article is showing a partially constructed building in New York City. In fact the building was finished 4 years ago and now occupied by tenants. Happens, I know this building very well. Developer consulted with me on several stages of development. Building is located oceanfront on Far Rockaway, Brooklyn.

• On 8 May 2013 in bmwman91's Buying Adventure Log, REpro said:

  Congratulation bmwman91 on your house purchase.

  I grew up around German cars. Since I switched to good Japanese brands, sometimes I’m looking what need to be fixed, and there is practically nothing.