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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: marcher who wrote (53603)	7/19/2006 6:23:49 AM
From: Think4Yourself	Respond to of 116555

When the 40 year mortgage was first announced last year most every article was down on it. People might have gotten the message that it takes forever to build equity. It's like renting with property taxes and insurance. It's going to be a busy morning. Permits, starts, CPI and RYL earnings all coming out before the open. Could be a wild ride.

To: marcher who wrote (53603)	7/19/2006 6:46:14 AM
From: skinowski	Respond to of 116555

Link to the Alexander article. Not an easy read, just like most of his stuff. prudentbear.com

To: marcher who wrote (53603)	7/19/2006 3:35:32 PM
From: mishedlo	Respond to of 116555

The difference between a 30 yr mortgage and a 50 year mortgage may be as little as $100 a month (or less). If it matters that much, you have no business buying the unit. 40, 50, 80, 200 yr mortgages will not solve a thing. Mish

To: marcher who wrote (53603)	7/19/2006 3:36:01 PM
From: mishedlo	Read Replies (2) \| Respond to of 116555

But This One Is Special Each Developer Is Certain That Its Condos Will Sell washingtonpost.com

To: marcher who wrote (53603)	7/19/2006 3:49:13 PM
From: Incitatus	Read Replies (1) \| Respond to of 116555

How about a "shared equity" 50 year mortgage? When you sell, whatever equity/profits you have are split 50-50 with the lender. In exchange for agreeing to share on the price gains, you pay a much lower monthly rate. Could that keep the bubble going? Heck, investors might like banks taking on such loans as they can fantasize about the 20% annual home price gains to infinity.