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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: CalculatedRisk who wrote (5928)5/10/2004 11:43:02 AM
From: TheStockFairy  Read Replies (2) of 116555
 
"With today’s mortgage rates near 6% (about 4.5% after tax), and assuming taxes and maintenance at 1% each, house price appreciation at or above 6.5% means the simple user cost is negative, that is, owners get to live in their houses for free"

That's AWSOME! I'm going to stop sending in checks today!

Question on this though, if gas costs $2 per gallon and I use 4 gallons per day to get to and from work, if I get paid more than $8 per day is my gas free?

In reality, the quoted statement made me angry. I'm not sure why, it just did.
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