Ya I've worked on those very houses. I'm fairly confident that market will stay pretty steady. Those are decent profit margins and very nice houses. The custom market doesn't seem to fluctuate as much as the cookie cutter stuff.
Lol I say this at minimum 3 times a week when folks ask me. "If I knew where they were going to be next month I wouldn't be working here, I'd be trading futures from my couch at home".
Ever is a long time considering 3% rates occurred in 2013 too. Yes, it will take a while to drop to and below 5% but it will happen again.
I got luck and refinanced for 2.6 percent. Feel sorry for young families looking to purchase with interest rate today.
We did a 2.25% for 15 years, now wish we did a 30 year.
we did the 30 year. could have gotten better with a 15 year but wanted the lower payments.
Why would you want a longer mortgage? We went 15 our last go round as well, which will have it paid off rite around retirement. But we'd only bought our place a couple years earlier.
Yep, we pay $100 extra each to cut down on term. still cheaper than renting.
Getting a 15 year was one of the best things I ever did. I paid extra every month and was done in 12 years (this year).
Could have taken the difference in pmt between the 15 and 30 year into my brokerage acct. Depending on what interest rates do we could pay the house off early. I like the bank paying me 5% while Im paying them 2.25%.
Doesn't help that domestic brands are overpriced spec for spec. Every time our leases are up, I first look at Ford and Chevy and then compare to our Toyota Highlander and Honda CR-V. We're on our 3rd of each because the price for the Platinum and Touring editions are much cheaper than similar spec'd Explorers and whatnot.
At that cheap of a rate you were smart to do 30.
You can always pay extra or invest the difference in payments. Plus it gives you the flexibility to pay less if you get in a bind.
GM Q2 revenue, earnings soar as automaker boosts profit guidance for 2nd time
General Motors' revenue and profit beat Wall Street expectations in Q2, and the automaker hiked its earnings guidance again.finance.yahoo.com
I know they still do great and never expect them to change. I think a lot of it is uneducated buyers and/or USA only mindsets. Personally, I want the best vehicle for my hard earned money.GM Q2 revenue, earnings soar as automaker boosts profit guidance for 2nd time
General Motors' revenue and profit beat Wall Street expectations in Q2, and the automaker hiked its earnings guidance again.
I do not understand who is buying these vehicles. I see Jeep Grand Wagoneers everywhere around DSM. Those start at $95,000. That's $1,119/month financed at 0% for 84 months, btw. I know there are plenty of people that make enough to afford that. But boy, it seems like there are a LOT of $90k+ vehicles I see on the road between SUVs and pickups.
