MSN04

"Interest rate increase? how much more do you have to pay a month if your property is only 150K even ...
samsung 發表於 2010-9-29 14:15

My god, I can't believe you would say such stupid thing.
it depends on the mortgage, not the property.
Take 150k as a mortgage for 25 years.  
Monthly payment for 4% is $700 ish.
Monthly payment for 10% is $1300 ish.
Of course, u can argue that u have some principle or whatever crap paid already, but you get the idea.  If you don't believe it, go run any mortgage calculator and stop pulling sth out from the air.

大C姐

回復  大C姐

你就真係幾戇九, 做野唔為錢, 為乜呀? 你又識好多人為興趣去打工呀? 做生意既就因為鐘意享受 ...
MSN04 發表於 2010-9-29 14:58

    suen ba la.....

i think people who understand what i said will be able to read between the lines and agree with me.

I am not here to argue with you. i hope you'll find happiness in whatever you do.

peace~

samsung

My god, I can't believe you would say such stupid thing.
it depends on the mortgage, not the prope ...
MSN04 發表於 2010-9-29 15:05

hey... look closer, I just quoted what Ms C said ja

samsung

My god, I can't believe you would say such stupid thing.
it depends on the mortgage, not the prope ...
MSN04 發表於 2010-9-29 15:05

    I have also proved that she is a real 80後 = 無腦

samsung

Interest rate increase? how much more do you have to pay a month if your property is only 150K even at 10%??大C姐 發表於 2010-9-29 12:52

I was quoted from #200

大C姐

回復  samsung


Difference between $460 and $1070 (3% vs 10% interest rate)
borrow $120000 , 35 yrs ...
fibbi 發表於 2010-9-29 14:57

    and also, the interest rate wouldn't just shoot up 7% over night for no reason! people quote extreme cases in the 80s, but it was also combined with booming economy where people generally make more money. alternatively, the government may raise interest rate if real estate prices go up too fast, in which case if you think10% is too much for you, you can just sell the place (knowing that the property has gone up in value) and just take your money and rent.

to think the government will just raise interest rate significantly when economy is slowing and real estate prices dropping is just very pessimisstic and over-reacting. in most cases, if your mortgage is small relatively to your income, the risk of increases in interest rate is small....

大C姐

I have also proved that she is a real 80後 = 無腦
samsung 發表於 2010-9-29 15:11

    If you think i am 無腦, then i think you have no guts... if you plan your life around the possibility that your mortgage interest rate will be over 10%, that's very sad...  

Life is not about avoiding EVERY risk, it's about taking reasonable risk. If you can't even take on the risk (quite an extreme one may i add) of paying $600 more a month in interest, then forget about planning for other accidents in life....

無腦 + 無guts = failure

MSN04

hey... look closer, I just quoted what Ms C said ja
samsung 發表於 2010-9-29 15:08

lol, i am sorry, my bad.  just too busy today and did not read carefully rofl.

MSN04

If you think i am 無腦, then i think you have no guts... if you plan your life around the pos ...
大C姐 發表於 2010-9-29 15:24

How the hell are you able to assess risk if stat/report does not matter?
I gotta admit that you are good.

大C姐

How the hell are you able to assess risk if stat/report does not matter?
I gotta admit that you ar ...
MSN04 發表於 2010-9-29 15:49

   answer: common sense + experience

many people (esp older generation) run successful businesses without textbook knowledge, statistical references and subsription to financial magazines (not to say that those things are not useful! don't twist my words), but they are able to gain business guts from trial and error + hands on experience.

i "read" reports and statistics but i "rely" on my instincts.