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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Boolish who wrote (201626)	7/27/2011 6:03:32 PM
From: Cogito Ergo Sum	Read Replies (2) \| Respond to of 313001

Ah do you have any accelerator terms ? Been mortgage free for quite a few years now so dunno if the landscape has changed.. and mine had then was weekly pay accelerated .. ie monthly (say 2K) / 4 (500) paid weekly which ends up meaning you pay 52 x 500 = 25K annual instead of 12 x 2K = 24K annual.. Extra 2K goes to principal annually.. Each year we could bump our weekly payments by 15%, again all going to principal.. was easier than trying make lump sum payments.. weekly budgeting is easier for ADD types like myself :O) Paid off home is a great sense of security like a good insurance policy... I never however include in as part of net worth..

To: Boolish who wrote (201626)	7/27/2011 8:59:40 PM
From: dara	Read Replies (2) \| Respond to of 313001

Did you have to spend much time shopping for the home? I think the re market in Victoria is up on the year.

To: Boolish who wrote (201626)	7/28/2011 2:23:26 AM
From: Threshold	Respond to of 313001

probably a good move imo. got about the same mort here and looking at selling the prop for a good profit to rent for a while, as there's been a recent feeding frenzy in my hood way above what i paid a year and a half ago. i just think the chinese are watching the farce of all times in the US re: the debt ceiling and see an opportunity here. i also see that the roths are in on the new Hong Kong Mercantile Exchange and they are the ultimate opportunists... investorvillage.com no idea what's going to happen, but watching Boehner, Cantor and the protect the rich repubs, then Obama and the hapless Dems, and factoring in the teabaggers, it's a historical clusterfuck. cnbc been on the scare the sheet out of peeps routine all day as well. lots of cash and some patience with commods seems to me to be a conservative position with some upside given the current environment, and the pathetic, self indulgent, stupid theatrics of the poorly touped crowd in Washington. not a good time to be an American, but seems they do like to be divided and brainwashed. history seems to be either extinct or ignored down there.

To: Boolish who wrote (201626)	7/28/2011 9:05:28 AM
From: Veteran98	Respond to of 313001

I think you made the right move. I was fortunate enough to make enough money for my son and daughter in their TFSA's so that they were able to have a nice down payment and get their own places earlier this year. We were faced with the same decision and chose to lock in for 5 years .... I was influenced by what happened when I bought my first home in the mid 80's at 10% which shortly proceeded to skyrocket to 15%.. Nothing like uncertainty to cause stress in your life and locking it in eliminates that stress. It gets stressful enough at times just trying to maintain unclouded judgement when trading and having your mortgage interest rate starting to skyrocket is certainly not something you need to distract you. They may be able to keep rates low for a while but imo it's getting pretty close to being a game of chicken when it comes to betting that they will stay low much longer...