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Call it Crazy says

Strategist says

Why get a 30 year fixed if you plan on moving in 5 or 6 years. An ARM that is fixed for the first 5 years makes perfect sense.

You're STILL not paying attention... ARM's just recently ramped up, why??

If what your saying is correct, ARM's would pretty much stay the same YoY, as a portion of the population would get them for your reason.

But, ARM applications have tripled recently. Either a hell of a lot more people are looking to flip houses, or as the OP states, people can't a afford a conv. 30 year at today's rates and prices....

So, which is it??

I would imagine the spike in ARM's applications would occur every time interest rates jump. Buyers would have sticker shock and start raionalizing.......hey, I don't plan on living there for ever, why not save some money?
I'm sure there are some who fall in love with a home, and when interest go up to a level they can't really afford, they take ARM's because they are not willing to give up their love.
That and lots of other reasons.

thomaswong.1986 says

Mountain Biking, Surfing, Hunting/Fishing or Camping

Little games are for little boys; I've find out there are other joys

thomaswong.1986 says

na! no where near these guys... these guys made it all happen...

And don't let the horn-rims and square cuts fool you -- those old engineers from Ampex and HP were some of the hardest drinking, hardest riding and all round good sports around!

Call it Crazy says

Watch out..... When you "grow up", you die....

I just meant that, at my age, the only three things that keep me going past breakfast are pussy, good suds and gasoline.

tatupu70 says

2012?

Ring a bell what happened in 2012

"If you don't have any fresh ideas, then you use stale tactics to scare the voters," he proclaimed, "If you don't have a record to run on, then you paint your opponent as someone people should run from."

http://www.youtube.com/embed/fTynx1hnfig

JodyChunder says

And don't let the horn-rims and square cuts fool you -- those old engineers from Ampex and HP were some of the hardest drinking, hardest riding and all round good sports around!

this is true....

So you think LBJ was just the front man for the operation, or do you think he was the head?

Kennedy was taken out because he ordered the U.S. treasury to issue lawful currency, just 10 days before the assassination.

What's it matter? In NC, 90% of the population is already eligible for medicaid.

JodyChunder says

thomaswong.1986 says

Mountain Biking, Surfing, Hunting/Fishing or Camping

Little games are for little boys; I've find out there are other joys

You are obviously not a surfer...you do not choose to surf. The surf chooses you. :)

I personally NEED to live within 20min of a nice surf able beach and 2hrs to a place where I can ski. Close to mountains to mountain bike and dirt bike ride...horses...and...I do like city style infrastructure, shops and restaurants within walking distance or very short drive.

People spend too much time in the office. CA lifestyle takes place outside of that and thats what we love about it. (well..I do) - If you don't love that then get the hell outta my state lol ...there is a nice arctic storm coming to the east coast by Wednesday..enjoy!! :)

SubOink says

You are obviously not a surfer...you do not choose to surf. The surf chooses you. :)

I respect the surfer and the ski bum. I tore around the dunes on my bikes as a much much younger man.

Outside of bowling, these days, I'm more of a homebody. (Three ex wives will do it to you!) I drink beer, read old books and putter around with my wood lathe.

SubOink says

I personally NEED to live within 20min of a nice surf able beach and 2hrs to a place where I can ski. Close to mountains to mountain bike and dirt bike ride...horses...and...I do like city style infrastructure, shops and restaurants within walking distance or very short drive.

Charlie dont surf ! Charlie didn't get much USO. He was dug in too deep into Palo Alto or moving too fast in his Silicon Valley job. His idea of great R&R was cold rice and a little rat meat.

JodyChunder says

SubOink says

You are obviously not a surfer...you do not choose to surf. The surf chooses you. :)

I respect the surfer and the ski bum. I tore around the dunes on my bikes as a much much younger man.

Outside of bowling, these days, I'm more of a homebody. (Three ex wives will do it to you!) I drink beer, read old books and putter around with my wood lathe.

Bowling is fun but I really suck at it.

Damn! 3 Ex-wives...

I bought a 2008 corolla with 15k mi last year for 10g from a nice older Filipino lady. Hubby does most of the work. What do you think about that!

Yeah, that 08 corolla is an alright good buy, I'm seeing some of the older ones climb past 200k with no problems yet, the Yaris, looking to be another good long term buy, the newer Camry's .. ouch.

December is the slow season for car sales.

APOCALYPSEFUCKisShostikovitch says

I've known a few hard core smokers from the entertainment industry and the ones who persist in the habit into middle years often - at least more often than would be explained by a representational proportion of the census curve - develop a persistent crabbiness, much more so than enthusiasts of, say, pizza.

I don't know it's the chicken and the egg, was I crabby before or after? Perhaps I smoke so I can forget what I was crabby about. Then that just makes me even more crabby, because I hate it when I can't remember... and... eh... huh... What were we just talking about?

CaptainShuddup says

I had insurance for only 1 year in my life and that was last year, it cleared my savings account out. Say what you want, but Obamacare is that insurance system. The insurance being offered at that same company today is the same BCBS Florida Blue plan as it was for 2012.

So your plan previously if you get really sick and it costs hundreds of thousands of dollars was to just not pay it and leach off of everyone else. I could see why you are so testy about ACA ending the mooching optiom.

No my plan was to pay my own in a what I thought was fair system.

Your Boy should have made it a fair system. You thought he was going to do that, because he threw a few words like "Affordable" in the name of his signature legislation. I'd worry more about your own short comings if I were you, and quit looking for fault in others.

CaptainShuddup says

No my plan was to pay my own in a what I thought was fair system.

Your Boy should have made it a fair system. You thought he was going to do that, because he threw a few words like "Affordable" in the name of his signature legislation. I'd worry more about your own short comings if I were you, and quit looking for fault in others.

So 1 years insurance premiums wiped you out financially but you were going to pay your own way if you had some major illness. That makes zero sense.

He's your boy more than mine. I voted against him and have been against the ACA since the beginning. The difference is I think the ACA as a bad law that just kicks the can down the road while you see it as the end of your free ride on other peoples backs.

The bottom line is that the ACA is here, and those who blindly were against it from day one just because it was something proposed by a Democrat lost. Too bad. Time to move on.

Call it Crazy says

Many people signed on for the lowest cost "Obamacare" plan without understanding their TOTAL costs out of pocket...

It will be a HUGE awakening for many people when they need treatment since many don't pay attention to the finer details....

I would refer to those people as morons.

dodgerfanjohn says

Walked by 4 dealerships at 7pm last night. Not one customer. This was in LA County South Bay Area....probably one of the wealthiest areas in the US.

Were they even open at 7PM?

CaptainShuddup says

I bought two cars last year, and the dealer sends me emails every day begging me to buy another. They must be desperate.

Last time I bought a new car was in October 1995. I still occasionally get offers in the mail from Ford, but my 1995 Escort is still doing just fine.

bob2356 says

So 1 years insurance premiums wiped you out financially but you were going to pay your own way if you had some major illness. That makes zero sense.

Yep keep thinking that, that is all there is to this WONDERFUL health care system, it's that forward backward thinking that is going to seal the Liberal's fate in the next two elections.

You keep telling eveybody that they have "Free Healthcare".

Like my friends girlfriend yesterday who was singing the praises of Obamacare. She said her premium is just a little over $250 a month. For her age, over 50 she was ecstatic that she had coverage.

But when I asked her if she had that extra $25,000 saved up, she had no idea what I was talking about. So I asked her, if she used her healthcare yet. Which she replied she did not. So then I informed her that if she went to the Doctor tomorrow and had tests ran. Besides her initial Doctor visit copay, she should expect a bill in the mail for everything beyond the tongue depressor that the Doctor used. Blood work, Lab fee, tech fee, and a few other Doctors you never heard of or even saw.

But that's not the worst of it, if the blood work comes back, and it is determined that you will need a $30K operation. You will need at least $10K to cover your co insurance part. Do you have 10 grand in the bank? She replied that she did not, so I informed her that I was sorry but she was going to DIE.

To which her boy friend, who is also a ACA champion, (but only because he will get Diabetes medicine for free under ACA, which would cost him $1,000 a month otherwise.) Agreed with me 100% on everything I told her, Like me he's seen it first hand. Not only personally but while his late wife was fighting 4 stage lung cancer in 2012.

He knows what we've got, and he welcomes Obamacare. But he's also praying lie hell his diabetes meds keeps every thing in check and he never needs anything major done. But he knows, and now so does his GF.

You'll find out too Slick so don't get sick.

Call it Crazy says

I think we'll see a lot more of these "awakenings" as we progress down the Obamacare road....

That's what people on the right want because otherwise their entire platform for the past 5 years will have been for naught.

Call it Crazy says

Why the fuck is it ALWAYS a right, left thing with you?

You mean to tell me ALL the "lefties" totally understand the Obamacare plans they signed up for????

Really???

Perhaps the same should be asked of your responses, seeing as how it would seem your responses, posts, and conversations seem to tread very reliably right-leaning.

Whats also clear is that the GOP and their eager followers wanted the ACA to fail the very second it was mentioned, and furthermore, they aren't about to give it a chance to work out all the kinks. This stuff takes time.

CaptainShuddup says

Yep keep thinking that, that is all there is to this WONDERFUL health care system, it's that forward backward thinking that is going to seal the Liberal's fate in the next two elections.

You keep telling eveybody that they have "Free Healthcare".

Pretty amazing you are so doped that you can't understand the words I'm against ACA. You should consider donating whatever is left of your brain to science.

CaptainShuddup says

You'll find out too Slick so don't get sick.

If I get sick I'm not going to be using US healthcare. I'm only carrying a policy to cover the ER costs if I get hit by a truck while I'm in the US the next 3 years. Unlike you I won't stick my fellow citizens with the bill if something happened. Anything beyond an being carried to the ER it's adios. The advantage of having multiple citizenship as well as permanent residencies.

edvard2 says

That's what people on the right want because otherwise their entire platform for the past 5 years will have been for naught.

If I get in a car that has no gas in it, to take a hundred mile trip the outcome will be predictable.

bob2356 says

If I get sick I'm not going to be using US healthcare. I'm only carrying a policy to cover the ER costs if I get hit by a truck while I'm in the US the next 3 years. Unlike you I won't stick my fellow citizens with the bill if something happened. Anything beyond an being carried to the ER it's adios. The advantage of having multiple citizenship as well as permanent residencies.

You're a good man, for thinking what you think you're thinking.

But the truth is, if you get sick you're going to die, the bitches want their money upfront.

And Yes, you're damn right, that's what Socialized healthcare is supposed to be, we pay taxes and their is no extra cost. It's supposed to be a healthcare system not a profit center.

You self professed Libs crack me up, you claim out one side of your ass you want a Socialized medicine system, then invent a million words to communicate that thought. But you never miss a trick to bitch and scathe people throwing a few words like "Personal responsibility" while you vehemently defend the gross profits of Obamacare.

But I'll be Goddamn if you can tolerate for one fucking minute anything remotely that even looks like Socialized medicine.

Like people showing up at Emergency rooms because don't have a primary Doctor, or even worse, someone going Healthcare alone with out feeding the Health sector profits.

I might like to get stoned, but I'm never conflicted with my beliefs.

Pick one and stick with it will ya?

CaptainShuddup says

But you never miss a trick to bitch and scathe people throwing a few words like "Personal responsibility" while you vehemently defend the gross profits of Obamacare.

But I'll be Goddamn if you can tolerate for one fucking minute anything remotely that even looks like Socialized medicine.

Like people showing up at Emergency rooms because don't have a primary Doctor, or even worse, someone going Healthcare alone with out feeding the Health sector profits

So your definition of "personal responsibility" is not having health care insurance so if you get really sick everyone else will be stuck paying for it and your definition of "socialized medicine" is not having health care insurance so if you get really sick everyone else will be stuck paying for it?

It's good to not have conflicted beliefs.

What part of "I'm against obamacare" are you totally incapable of understanding? Should I use less words or smaller words?

Perhaps the confusion in your mind is the fact that healthcare insurance and obamacare have become fused as one and the same concept to you. I'm sure it's very hard for you to remember things that happened more than 2 hours ago but trust me when I say that health care insurance existed before obamacare. You of course never had it so you don't remember it.

zzyzzx says

dodgerfanjohn says

Walked by 4 dealerships at 7pm last night. Not one customer. This was in LA County South Bay Area....probably one of the wealthiest areas in the US.

Were they even open at 7PM?

Yes. It's so cal, not Buttwart, ND.

everything says

Yeah, that 08 corolla is an alright good buy, I'm seeing some of the older ones climb past 200k with no problems yet, the Yaris, looking to be another good long term buy, the newer Camry's .. ouch.

December is the slow season for car sales.

My G35 has 160k miles on it. My mechanic says I'm fine driving it out to Vegas, mid day in August, and it's going to last 300k or more. I asked about the transmission and he said my concerns are misplaced. Haven't had a car payment in years, and don't intend to anytime soon.

Call it Crazy says

Hey dude.... The Obamacare approval rating is like 35%....

Of course it has low approval ratings. The rollout was awful, and nobody would deny that. Does that mean its a bad idea to have a healthcare system in place that means if you break an arm you're not going to go bankrupt? I personally know several people who did not have health insurance, had a major health problem, and then wound up going bankrupt as a result. Obamacare is a step in a direction that solves some of these very serious problems. Did you know that in the US, the single largest cause of bankruptcy are healthcare related? Do you know how many billions of dollars that costs the US economy? There was a major reason the ACA came about, and part of it was to stem this growing financial strain on the system.

181K miles on my Honda Civic HX (CVT) and it's still trucking.

Never had a payment. Paid cash as a new car.

bob2356 says

"personal responsibility"

Personal responsibility is the kind of shit you stay up worrying all night about. I can give a rats ass what Politicobingo Buzzwords you assmunches like to throw around while cheering on the oppressive Obamacare and taxes all things that does dick all for your American.

I'm impervious to it, I sleep like a fucking rock.

But in all reality, not as political concept on shaming people into picking up and carrying your political pony, but for as to question my responsibilities, you would have to ask my family how do I handle my responsibilities. They'll tell you tread that burden quite well. I refuse to carry your dead mule around on my back.

As far as not having insurance, if I Die I'll see you hell.
We'll talk about what a chump and a sucker you were, and make small chat how the System left your out dry and whither away with what ever ailment put you belly up to the sky, because you didn't have your 25 Clams sitting in your Medical Personal Spending Account, or in that non interest baring savings account.

I'll even let you wear my Dummy hat, if it will cheer you up.

Call it Crazy says

The ACA won't change that, it might actually increase it because the majority of the people who signed up are clueless regarding co-pays and deductibles! They think buying a low priced Bronze plan means they are home free....

Sorry, but that's far from the truth. The ACA was in part created to solve this dilemma. The very fact that millions of Americans who were previously uninsured will now have insurance is one of many reasons why medical bankruptcy will be drastically decreased. The Cap'n is on my ignore list.

edvard2 says

Call it Crazy says

The ACA won't change that, it might actually increase it because the majority of the people who signed up are clueless regarding co-pays and deductibles! They think buying a low priced Bronze plan means they are home free....

Sorry, but that's far from the truth. The ACA was in part created to solve this dilemma. The very fact that millions of Americans who were previously uninsured will now have insurance is one of many reasons why medical bankruptcy will be drastically decreased. The Cap'n is on my ignore list.

I keep thinking that many who buy insurance think insurance means "I don't have to pay, or I get a discount on my healthcare". Medical bankruptcy will be all but eliminated it appears.

Relative to that, a 5-6K deductible won't be a big deal, but getting to 5-6K might surprise some who had not been insured.

Even people I talked to that use insurance seem to misunderstand what it is that they get for it.

CL says

I keep thinking that many who buy insurance think insurance means "I don't have to pay, or I get a discount on my healthcare". Medical bankruptcy will be all but eliminated it appears.

Your statement nailed it: When health insurance was all private, even if you had one of the best plans, come a major medical procedure you would often still be on the hook for sometimes 1000's of dollars. That means you might have had to pay say- $1,500, which is the case with my plan as a deductible. But that's a far cry from the anywhere from $10,000- $100,000 it would have cost out of pocket. Its the same with car insurance: You also have to pay a deductible on top of the monthly sum.

So I find it interesting and ironic that many against the ACA mention these additional costs as if they never existed before: Of course they did. But the takeaway is ultimately, people aren't going to have their financial lives ruined as a result of not having medical coverage,plain and simple.

Houses.
Cars.

How about dropping the prices?

And getting us the pollution free, and livable units we want?

Call it Crazy says

With like 50% of the population living paycheck to paycheck, having to pay a 16K medical bill is the same as having to pay a 100K bill when you don't have any additional funds.....

When you have a medical bankruptcy, do they make you sell your house or other assets to pay the bill?