dude, you should see these folks down here when storms come, its literally like game of thrones.. craziness man.

Good Wednesday Morning All. Just a few more days to go until the weekend. 68* for a high today with a 20% chance of rain. :bowdown: Going to get rolling guys. So hope you all have a Great Wednesday. :happydance: Stay Safe, Stay Positive and Keep Moving Forward. :xmastup:

PS: Just 11 shopping days left until Christmas. :xmastree::hohoho::xmasgrin:

Wednesday, half way to thru the week
More rain sometime today, but that ok, like the rain
have some fun..
11 days to Xmas ( I don't shop for Xmas anymore )
http://www.sherv.net/cm/emo/christma...y-emoticon.gif

Feds Meeting today....another rate hike?

It's getting harder to convince people as to why it's better to buy a house now than later....thanks fake news.

you'd be crazy to buy anything right now with those rates.. fvck that sh1t.:icon14:

I know I've mentioned that it's a bad time to take on additional debt and I was referring to taking on additional credit card debt, taking out unsecured loans, etc. Even with higher rates, people will still go into debt, whether due to not understanding the effects of it or out of necessity.

With a home, IMO, the reasons why it's better to buy now:

1. With higher rates, you have way less competition now with limited qualified buyers available, meaning you are not going to pay above the appraised value and sellers are starting to drop price. When rates were near 2%-3% range, I had buyers paying up to $200K above the appraised value of the home (this is something they had to pay out of pocket since lenders will not loan more on a property than what the appraisal value comes back as). Keep in mind that the housing shortage is not going away anytime soon - there has been a significant underbuilding of new homes since the housing market crash while households have significantly grown since.

2. If you buy when rates are high, fortunately, you are not stuck with that rate. Refinance when rates drop.

At the end of the day, pick your poison. It comes down to your personal financial situation:

A. Get a super low rate if you are lucky enough to get your offer selected during fierce competition and pay a significant amount of money out of pocket over asking/appraised value
OR
B. Get a higher rate with less competition and drastically reduce the chances of paying out of pocket over the asking/appraised value, and then refinance to a lower rate when rates drop.

Unfortunately, the media tends to focus on the bad and a very small piece of the pie, rather than the entire picture. For example, the media has been so focused on low interest rates for homes and potential buyers are scared of 7% range rates, when they have no problem moving forward with a credit card/unsecured loan with a rate nearly 30% lol.

Oh yeah, and keep in mind that the interest you pay on your mortgage is tax deductible lol unlike your credit cards

You bring very valid points my friend.:iagree:

Feds decided to raise rates AGAIN today by 50 basis points, while "acknowledging that inflation is easing". Fed. Chair Jerome Powell said last month "there is still a chance the economy can avoid a recession, but the odds are slim".

Does he not realize that HE (as the Fed. Chair) has the ability to heavily influence whether the US goes into a recession or not? It's a balancing act and if inflation is easing, then don't continue to raise rates :shakes head::mad:

This is the same dude that said, “We now understand better how little we understand about inflation” in 06/2022 :gtfo2:

What happened to your bmw avatar picture?

:rofl2::rofl2::rofl2::rofl2:

its a fast f'n BMW.. lets not leave that out.. :iagree:

Why did bmw decide to release a manual tranny starting 2023 models? :confused:

Good Thursday Morning All. Cold start to the day at 36* with a high of 66* and 0% chance of rain. :bowdown: Time to Rock guys. So hope you all have a good one today. :happydance: Stay Safe, Stay Positive and Keep Moving Forward. :xmastup:

PS: Just 10 shopping days left until Christmas. :xmas3::xmas1::xmaslol:

Supra buyers had spoken.. and it just made sense. The transmission had already been produced in the Z4, and people wanted it. I wish I would have got mine in manual but I had already bought my Supra. Too late now.

Thursday, last work day this week for me
Rain is gone too..
have some fun..
10 days to Xmas ( I don't shop for Xmas anymore )
http://www.sherv.net/cm/emo/christma...y-emoticon.gif

Happy Friday's Eve!

:rock::rock:

Hello

kin folk, kin folk :hello::hello:

Good Friday Morning All. 42* to start the day with a high of 55* and 10% chance of rain. :bowdown: Have a good one guys. Time to get this weekend Rocking. :happydance: Stay Safe, Stay Positive and Keep Moving Forward. :xmastup:

PS: Just 9 shopping days left until Christmas. :santa::xmastree::hohoho:

Its Friday
nice day for a cook out tonight
have some fun..
9 days to Xmas ( I don't shop for Xmas anymore )
http://www.sherv.net/cm/emo/christma...y-emoticon.gif

Mornin' folks!:tiphat:TGIF!!:tup:

its friday boys and girls, get through today and you got a weekend on your hands.:iagree:

Holy Sh!t, we made it - End of the Week!

Happy Friday!

Gas prices in Tampa dropped to $2.97 :eek::eek:

PSA - With the colder weather coming in, check your tire pressures as this is when tire psi's usually drop.

$2.97 :eek::eek:

Even Sting in your avatar has the same expression :eek::eek:

:icon17:

he is "the icon"

today's the last day of my vacation, I got a lot done here at the castle, home projects and such..

Sharing another picture of my on going build.
More things fit nice and tidy.

Merry Christmas and Happy new year everyone!


http://www.the370z.com/members/z-run...f55106cc8.jpeg

http://www.the370z.com/members/z-run...1b2bd7e01.jpeg

Lookin' good!:tup:

:hello:

Had some router issues lately. Got it fixed. But for some reason. It blocks me from the forum. WTF. 4 different laptops and my phone. Samething. But if I take my phone off of wifi. I can get on the forum. WTF.
For a while. Thought that I was banned. I know someone would like that.

We were wondering where you been. I know Mz Daizy was about to revive the thread below. Glad to hear you didn't get COVID again :hello:

http://www.the370z.com/lounge-off-to...see-rusty.html

:ugh::ugh:

welcome to the weekend boys and girls... keep all 4 wheels down on the pavement.:driving:

Ice cold corona with lime in hand boys and girls, this beer is for you vtec, bonez, madwi, onzedge, hotrodz, zoren, clifford, seethru, danegrey, spooler, and jar. :tiphat:

:hello:

:hello::tiphat:

Good Saturday Morning All. 42* to start the day with a high of 58* and 0% chance of rain. :bowrofl: Got some NFL games to day and My Cowboys tomorrow. :happydance: Hope you all have a Great Saturday. Stay Safe, Stay Positive and Keep Moving Forward. :xmastup:

PS: Just 8 shopping days left until Christmas. :xmaslol::gift::xmasgrin: