| hanera
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In United States
Registered Apr 09, 2012
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hanera's most recent comments:
- On 15 May 2012
in
Recent bidding war in bay area,
hanera said:
REpro says
Simply, we can’t count on rapid grow of population based on current situation.
The original point is what'd happened in Japan is not a good indication of what might happen in USA. Population growth statistics is just one difference. Another is Japanese are big savers while Americans are big spenders. Also, White House and Fed are well aware of what had happened in Japan, unless we don't learn, we should be able to avoid some of their pitfalls. - On 14 May 2012
in
,
hanera said:
bdrasin says
Our rent is $1600/mo. Houses similar to ours nearby have sold for 400k + in the last year or so. Renting is by far the cheaper option for us.
Better to buy because rent is higher than mortgage rate (and interest).
$1600*12/$400k = 4.8% which is higher than current fixed 30-year mortgage rate. - On 14 May 2012
in
Recent bidding war in bay area,
hanera said:
REpro says
Continue decreasing interest rate did not stop house prices from further decrease in Japan.
Every time I read someone quote Japan, I need to comment. Population of Japan has been declining and aging for the past 20 years while population of USA is forecasted to continue to increase briskly and remains youthful. Japan can't be used as a reference.
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