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Non-Tech : Derivatives: Darth Vader's Revenge
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To: Sam who wrote (160)9/24/1998 11:23:00 PM
From: ahhaha  Read Replies (1) of 2794
 
You should purchase the house independent of interest rate considerations. You can't predict the cost of money. If you need to buy a house, buy it based on cost, locale, maintenance, and utility. As soon as you predicate a decision on random factors, factors that require you to predict how stupid people can get, you will make the wrong choice.

Anent to that don't look at your house as an investment. Look at it as a personal possession. Looking at it as an investment causes a distortion of its intended function and you will make decisions towards it based upon resale value instead of the important things like comfort. You become disjoint with respect to what it is, just like Merton and Scholes who regard a bond as a bond price dynamic, a variational derivative of the proportionate bond price, which is an independent variable in the Merton version of the Fokker-Planck stochastic diffusion equation. You'll be computing discounted future values as your neglected house slides down a cliff.
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